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AbstractThere are bright and dark sides to financial innovation. On the bright side, financial innovations that improve screening and monitoring can facilitate the allocation of resources by financial intermediaries to their most productive use (Greenwood, Sanchez, and Wang, 2010; Laeven, Levine,...
Persistent link: https://www.econbiz.de/10011206617
On February 3-4, 2016 SUERF – The European Money and Finance Forum –, Deutsche Bundesbank and Stiftung Geld und Währung jointly organized a Colloquium/Conference in Frankfurt in order to evaluate the experience with the SSM – the Single Supervisory Mechanism – during the first year of...
Persistent link: https://www.econbiz.de/10011689971
This paper updates the database on systemic banking crises presented in Laeven and Valencia (2008, 2013). Drawing on 151 systemic banking crises episodes around the globe during 1970-2017, the database includes information on crisis dates, policy responses to resolve banking crises, and the...
Persistent link: https://www.econbiz.de/10012909413
We update the widely used banking crises database by Laeven and Valencia (2008, 2010) with new information on recent and ongoing crises, including updated information on policy responses and outcomes (i.e. fiscal costs, output losses, and increases in public debt). We also update our dating of...
Persistent link: https://www.econbiz.de/10013098639
We update the widely used banking crises database by Laeven and Valencia (2008, 2010) with new information on recent and ongoing crises, including updated information on policy responses and outcomes (i.e. fiscal costs, output losses, and increases in public debt). We also update our dating of...
Persistent link: https://www.econbiz.de/10013104350
is a more accommodative macroprudential environment. These effects are stronger for less capitalised banks. Results apply …) productive firms than firms with high ex ante credit risk, except for banks with low capital. …
Persistent link: https://www.econbiz.de/10012422166
We evaluate the role of insider ownership in shaping banks' equity issuances in response to the global financial crisis …. We construct a unique dataset on the ownership structure of U.S. banks and their equity issuances and discover that … between bank equity and lending, the results stress that ownership structure can shape the resilience of banks-and hence the …
Persistent link: https://www.econbiz.de/10012422173
) expansionary (as opposed to contractionary) monetary policy; (ii) riskier borrowers; (iii) less capitalized banks (especially when … firms (especially for less capitalized banks). …
Persistent link: https://www.econbiz.de/10012490091
We develop a new identification strategy to evaluate the impact of the geographic expansion of bank holding company (BHC) assets across U.S. metropolitan statistical areas (MSAs) on BHC risk. We find that the geographic expansion of bank assets reduces risk. Moreover, geographic expansion...
Persistent link: https://www.econbiz.de/10011103496
earlier dataset by including recent adopters of deposit insurance and information on the use of government guarantees on banks … generosity of the deposit insurance scheme and government guarantees on banks' balance sheets. The data show that deposit …
Persistent link: https://www.econbiz.de/10010969341