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Contagion channels of the USA subprime financial crisis: Evidence from USA, EMU, China and Japan equity markets

Dimitriou, Dimitrios; Simos, Theodore - In: Journal of Financial Economic Policy 5 (2013) 1, pp. 61-71

crisis by employing a multivariate GARCH model for four major, international equity markets, namely the USA, EMU, China and …, China and Japan. Findings – There is empirical evidence of contagion in all markets with the US market through various … EMU markets have been directly affected from the crisis. However, while China's equity market has been mainly unaffected …

Persistent link: https://www.econbiz.de/10010814926

Testing for Competition in the Spanish Banking Industry : The Panzar-Rosse Approach Revisited

Gutiérrez de Rozas, Luis - 2007

The aim of this paper is to assess the level of competition prevailing in the Spanish banking system. The current analysis employs a widely used non-structural methodology put forward by Panzar and Rosse (1987) - the so-called H-statistic - and draws upon a comprehensive panel dataset of Spanish...

Persistent link: https://www.econbiz.de/10012729462

Strategic Evolution of the Polish Banking Market 1998-2005 : Do Size and Ownership Matter?

Miklaszewska, Ewa - 2007

This paper analyses the strategic evolution of Polish banks in the period of dynamic economic growth, connected with Polish accession to the EU in 2004. For banks, this was a period of a new wave of foreign capital inflow, coming in mainly to medium-sized banks. Foreign capital had first entered...

Persistent link: https://www.econbiz.de/10012730687

The Profitability of Small, Single-Market Banks in an Era of Multimarket Banking

Hannan, Timothy H. - 2007

This paper examines the relationship between multimarket bank presence and the profitability (and therefore viability) of small, single-market banks. We find that increased presence of multimarket banks is associated with a significant reduction in the profitability of small, single-market banks...

Persistent link: https://www.econbiz.de/10012731319

Obstacles to a Global Banking System : 'Old Europe' Versus 'New Europe'

Berger, Allen N. - 2006

quot;Old Europequot; - the developed nations of continental Europe - averages only about 15% foreign bank ownership, whereas quot;New Europequot; - the transition nations of Eastern Europe - averages about 70%. Similar findings hold elsewhere in the world - developed nations tend to have much...

Persistent link: https://www.econbiz.de/10012733046

The Role of Information Asymmetry and Financial Reporting Quality in Debt Trading : Evidence from the Secondary Loan Market

Wittenberg Moerman, Regina - 2008

I explore which firm and loan characteristics decrease or exacerbate information asymmetry in the trading of private debt. I find that loans of public firms, loans with an available credit rating, loans of profit firms and loans syndicated by more reputable arrangers are traded at lower bid-ask...

Persistent link: https://www.econbiz.de/10012774325

An Analysis of the Profitability, Risk and Growth Indicators of Banks Operating in Malta

Camilleri, Silvio John - 2005

The paper consolidates the summarised financial statements of the main banks operating in Malta during the year 2002, to form a Typical Large Bank and a Typical Small Bank. The profitability, risk and growth prospects of the two institutions are analysed through Return on Equity decomposition...

Persistent link: https://www.econbiz.de/10012784458

Institutional Design as a Commitment Device in Credit Markets with Asymmetric Information : Experimental Evidence

Di Cagno, Daniela - 2000

The aim of this experiment is to test the role of institutional design in credit markets as a commitment device against renegotiation: when there is asymmetric information does a lower degree of centralization enhance efficiency? Does decentralization alleviate the adverse selection problem in...

Persistent link: https://www.econbiz.de/10012788672

Relationship Banking : What Do We Know?

Boot, Arnoud W. A. - 2000

This paper briefly reviews the contemporary literature on relationship banking. We start out with a discussion of the raison d'etre of banks in the context of the financial intermediation literature. From there we discuss how relationship banking fits into the core economic services provided by...

Persistent link: https://www.econbiz.de/10012788835

Competitive Conditions in the Central and Eastern European Banking Systems

Delis, Manthos D. - 2010

The aim of this study is to conduct a large-scale empirical analysis of the competitive conditions in the banking systems of Central and Eastern European countries. The well-known model of Panzar and Rosse (1987) is implemented on bank-level data over the period 1999-2006. The estimates based on...

Persistent link: https://www.econbiz.de/10012758833

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