Showing 1 - 10 of 53
The Swiss National Bank abolished the exchange rate floor versus the Euro in January 2015. Based on a synthetic matching framework, we analyse the impact of this unexpected (and therefore exogenous) shock on the stock market. The results reveal a significant level shift (decline) in asset prices...
Persistent link: https://www.econbiz.de/10011848318
The Swiss National Bank abolished the exchange rate floor versus the Euro in January 2015. Based on a synthetic matching framework, we analyse the impact of this unexpected (and therefore exogenous) shock on the stock market. The results reveal a significant level shift (decline) in asset prices...
Persistent link: https://www.econbiz.de/10011847151
Improvement of Regional Economic Structures program (GRW) with their local banks during 1998-2019. The modalities of GRW subsidies … to firms are determined at the EU level. Therefore, we use it to identify bank outcomes. Banks with relationships to more …, borrow more indicating that banks facilitate regional economic development policies …
Persistent link: https://www.econbiz.de/10014321753
We study the impact of stricter and more harmonized banking regulation along the income distribution using household survey data for 25 EU countries. Exploiting country-level heterogeneity in the implementation of European Banking Union directives allows us to control for confounders and...
Persistent link: https://www.econbiz.de/10014456426
public finances. Regimes for restructuring and restoring banks financed by bank levies and fiscal backstops seek to reduce … tax exemptions. Second, the bulk of the payments were contributed by large commercial banks and the head institutes of … savings banks and credit unions. Third, the levy had no effect on the volume of loans or interest rates for the average German …
Persistent link: https://www.econbiz.de/10010352404
for public finances. Regimes for the restructuring and resolution of banks, financed by bank levies and fiscal backstops … rates and high thresholds for tax exemptions. Second, the bulk of the payments were contributed by large commercial banks … and by the central institutions of savings banks and credit unions. Third, for the banks affected by the levy, we find …
Persistent link: https://www.econbiz.de/10010464352
2014, the largest banks in the Euro Area are under the direct supervision of the European Central Bank (ECB). In this … listed European banks to measure each bank's contribution to systemic risk (SRISK) at the national and at the Euro Area level … heterogeneity both across countries and banks. Second, we explore the drivers of systemic risk. A bank s contribution to systemic …
Persistent link: https://www.econbiz.de/10011301699
Motivated by the variety of bank risk proxies, our analysis reveals that nonperforming assets are a well-suited complement to the Z-score in studies of bank risk.
Persistent link: https://www.econbiz.de/10011335365
Als Reaktion auf die Finanzkrise unterliegt das Finanzsystem zahlreichen neuen regulatorischen Änderungen. Zum einen wurden bestehende mikroprudenzielle Regeln für Eigenkapital und Liquidität verschärft. Zum anderen wurden makroprudenzielle Instrumente eingeführt. Makroprudenzielle...
Persistent link: https://www.econbiz.de/10011738705
Regulatory bank levies set incentives for banks to reduce leverage. At the same time, corporate income taxation makes … on corporate income taxation. Based on bank balance sheet data from 2006 to 2014 for a panel of EU-banks, our analysis …
Persistent link: https://www.econbiz.de/10012145168