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Business models of the banks in the euro area
Farnè, Matteo; Vouldis, Angelos - 2017
The paper identifies the business models followed by banks in the euro area, utilising a proprietary dataset collected in the context of the supervisory reporting of the Single Supervisory Mechanism. The concept of a 'business model' has been neglected by economic theory and is defined here with...
Persistent link: https://www.econbiz.de/10011656196
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Funding behaviour of debt management offices and the ECB's Public Sector Purchase Programme
Plessen-Mátyás, Katharina; Kaufmann, Christoph; … - 2021
This paper investigates whether the funding behaviour of euro area debt management offices (DMOs) changed with the start of the ECB's Public Sector Purchase Programme (PSPP). Our results show that (i) lower yield levels and (ii) PSPP purchases supported higher maturities at issuance. The former...
Persistent link: https://www.econbiz.de/10012518265
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The architecture of supervision
Ampudia, Miguel; Beck, Thorsten; Beyer, Andreas; … - 2019
supervision and gain a broader perspective on the stability of the entire banking sector, which should result in improved …
Persistent link: https://www.econbiz.de/10012009232
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The impact of central bank liquidity support on banks' balance sheets
Haan, Leo de; Holton, Sarah; End, Jan-Willem van den - 2019
We empirically analyse the relationship between longer term central bank liquidity support and banks' balance sheet ratios, using difference-in-differences panel regressions and propensity score matching on a large sample of banks in the euro area. The research question is whether the liquidity...
Persistent link: https://www.econbiz.de/10012117687
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Policy uncertainty, lender of last resort and the real economy
Jasova, Martina; Mendicino, Caterina; Supera, Dominik - 2021
We show that a reduction in lender of last resort (LOLR) policy uncertainty posi-tively affects bank lending and propagates to investment and employment. We exploita unique policy that reduced uncertainty regarding the availability of future LOLRfunding for banks as a quasi-natural experiment....
Persistent link: https://www.econbiz.de/10012426306
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Money markets, central bank balance sheet and regulation
Corradin, Stefano; Eisenschmidt, Jens; Hoerova, Marie; … - 2020
This paper analyses money market developments since 2005, and examines factors that have affected money market functioning. We consider several metrics of activity in both secured and unsecured euro area money markets, and study interactions with new Basel III regulations and with central bank...
Persistent link: https://www.econbiz.de/10012301955
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Drivers of European public debt management
Wolswijk, Guido Franciscus Theodorus - 2020
This study analyses the choice of government debt managers in the euro area between issuing short-term or long-term debt over the period 1992-2017. Debt managers increased short-term debt issuance in response to higher interest rate spreads and to rising government debt, notably in vulnerable,...
Persistent link: https://www.econbiz.de/10012241253
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Tiered CBDC and the financial system
Bindseil, Ulrich - 2020
IT progress and its application to the financial industry have inspired central banks and academics to analyse the merits of central bank digital currencies (CBDC) accessible to the broad public. This paper first reviews the advantages and risks of such CBDC. It then discusses two prominent...
Persistent link: https://www.econbiz.de/10012137675
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Fiscal consolidations and bank balance sheets
Cimadomo, Jacopo; Hauptmeier, Sebastian; Zimmermann, Tom - 2013
Persistent link: https://www.econbiz.de/10009765551
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Cross-border banking in the EU since the crisis : what is driving the great retrenchment?
Emter, Lorenz; Schmitz, Martin; Tirpák, Marcel - 2018
This paper examines the drivers of the retrenchment in cross-border banking in the European Union (EU) since the global … spillovers from national banking sector conditions across the EU. We also find evidence that prudential policies can entail … spillovers via cross-border banking in the EU, albeit with heterogeneity across instruments in terms of direction, magnitude and …
Persistent link: https://www.econbiz.de/10011802126