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Do we want these two to tango? : on zombie firms and stressed banks in Europe
Storz, Manuela; Koetter, Michael; Setzer, Ralph; … - 2017
sector health. Based on granular bank-firm data pertaining to small and medium-sized enterprises (SME) from five stressed and …
Persistent link: https://www.econbiz.de/10011732738
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Interconnected banks and systemically important exposures
Roncoroni, Alan; Battiston, Stefano; D'Errico, Marco; … - 2019
supervisory data set collected by the European Central Bank that covers 26 large banks in the euro area. To assess the impact of …
Persistent link: https://www.econbiz.de/10012132464
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Do negative interest rates make banks less safe?
Nucera, Federico; Lucas, André; Schaumburg, Julia; … - 2017
We study the impact of increasingly negative central bank policy rates on banks' propensity to become undercapitalized …
Persistent link: https://www.econbiz.de/10011719935
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Cyclical systemic risk and downside risks to bank profitability
Lang, Jan Hannes; Forletta, Marco - 2020
This paper studies the impact of cyclical systemic risk on future bank profitability for a large representative panel … risk predict large drops in the average bank-level return on assets (ROA) with a lead time of 3-5 years. Based on quantile … local projections we further show that the negative impact of cyclical systemic risk on the left tail of the future bank …
Persistent link: https://www.econbiz.de/10012216407
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The rise of bond financing in Europe
Darmouni, Olivier; Papoutsi, Melina - 2022
simply repaying bank loans. Moreover, holdings of 'buy-and-hold' bond investors are large in aggregate but small for weaker …
Persistent link: https://www.econbiz.de/10013198743
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Does employment protection legislation affect credit access? : evidence from Europe
Moro, Andrea; Maresch, Daniela; Ferrando, Annalisa; … - 2017
We investigate the impact of employment protection on firms' credit access by looking at both credit obtained from banks and firms' decision to apply for a loan. We find that greater flexibility in structuring the employees' working hours and in dismissing employees increases the probability...
Persistent link: https://www.econbiz.de/10011647887
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A sensitivities based CoVaR approach to asset commonality and its application to SSM banks
Del Vecchio, Leonardo; Giglio, Carla; Shaw, Frances; … - 2022
compute bank portfolio sensitivities to a large number of risk factors (e.g. interest rates, equity prices, credit spreads …
Persistent link: https://www.econbiz.de/10013373564
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BEAST: a model for the assessment of system-wide risks and macroprudential policies
Budnik, Katarzyna; Groß, Johannes; Vagliano, Gianluca; … - 2023
mix, pricing decisions, management buffers, and profit distribution along with individual bank conditions, including their …
Persistent link: https://www.econbiz.de/10014477728
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Estimating systemic risk for non-listed euro-area banks
Engle, Robert F.; Emambakhsh, Tina; Manganelli, Simone; … - 2023
The systemic risk measure (SRISK) by V-Lab provides a market view of the vulnerability of financial institutions to a sudden downturn in the economy. To overcome the shortcoming that it cannot be applied to non-listed banks, SRISK characteristics of listed banks are mapped on balance sheet...
Persistent link: https://www.econbiz.de/10014477734
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Financial contagion within the interbank network
Mikropoulou, Christina D.; Vouldis, Angelos T. - 2023
the value of sovereign debt and non-bank financial institutions represent the most significant risk to the functioning of …
Persistent link: https://www.econbiz.de/10014483684