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How does the ECB allot liquidity in its weekly main refinancing operations?
Ejerskov, Steen; Moss, Clara Martin; Stracca, Livio - 2003
This paper provides a simple weekly model of the regular supply of liquidity in the euro area, with a view to understanding the functioning of the euro area money market. The main result of the analysis is that liquidity has normally been provided by the ECB in a neutral and smooth manner, but...
Persistent link: https://www.econbiz.de/10009635957
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Slippery slopes of stress: ordered failure events in German banking
Koetter, Michael; Kick, Thomas - 2007
Outright bank failures without prior indication of financial instability are very rare. Supervisory authorities monitor … regarded as troubled to varying degrees before outright closure. But to our knowledge virtually all studies that predict bank … failures neglect the ordinal nature of bank distress. Exploiting the distress database of the Deutsche Bundesbank we …
Persistent link: https://www.econbiz.de/10010295922
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The ESRB at 1
Remsperger, Hermann; Cecchetti, Stephen G.; Ingves, Stefan - 2012
SUERF – The European Money and Finance Forum, the Deutsche Bundesbank and the Institute for Monetary and Financial Stability (IMFS) took the opportunity of the first anniversary of this new institution to organise a joint conference in Berlin on 8-9 November 2011. The purpose of this event was...
Persistent link: https://www.econbiz.de/10011689955
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Kreditinstitute in der Anlageberatung: Anforderungen aus der aktuellen Rechtsprechung und Gesetzgebung
Ewald, Cornelia - 2007
Vor dem Hintergrund der für die Kreditinstitute voraussichtlich zum 1.11.2007 anzuwendenden europäischen Richtlinie über Märkte in Finanzinstrumenten sowie ihrer entsprechenden Durchführungsbestimmungen stellt sich die Frage, welche Anforderungen für die Anlageberatung der Kreditinstitute...
Persistent link: https://www.econbiz.de/10010297093
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Bank mergers, competition and liquidity
Carletti, Elena; Hartmann, Philipp; Spagnolo, Giancarlo - 2003
We model the impact of bank mergers on loan competition, banks' reserve holdings and aggregate liquidity. Banks compete … in liquidity risk and expected liquidity needs for each bank and for the banking system. Large mergers tend to increase … expected aggregate liquidity needs, and thus the liquidity provision by the central bank. Comparative statics suggest that a …
Persistent link: https://www.econbiz.de/10009635892
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The eurosystem money market auctions: a banking perspective
Bartzsch, Nikolaus; Craig, Ben R.; Fecht, Falko - 2005
This paper analyzes the individual bidding behaviour of German banks in the money market auctions conducted by the ECB from the beginning of the third quarter of 2000 to the end of the first quarter of 2001. Our approach takes a variety of characteristics of the individual banks into account. In...
Persistent link: https://www.econbiz.de/10010295903
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Blockholdings and Corporate Governance in the EU Banking Sector
Köhler, Matthias - 2008
Ownership structures widely differ across the EU. While large blockholdings dominate in the banking sector in Continental Europe, ownership is widely dispersed in the United Kingdom. These differences have consequences for corporate governance in the EU banking sector. This paper analyzes the...
Persistent link: https://www.econbiz.de/10010298692
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Blockholdings and corporate governance in the EU banking sector
Köhler, Matthias - 2009
Ownership structures widely differ across the EU. While large blockholdings dominate in the banking sector in Continental Europe, ownership is widely dispersed in the United Kingdom. These differences have consequences for corporate governance in the EU banking sector. This paper analyzes the...
Persistent link: https://www.econbiz.de/10010299073
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EU insolvency regulation and its impact on European business
Wessels, Bob - In: CESifo DICE Report 04 (2006) 1, pp. 16-21
Persistent link: https://www.econbiz.de/10011696572
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Optimal allotment policy in the Eurosystem's main refinancing operations
Ewerhart, Christian; Cassola, Nuno; Ejerskov, Steen; … - 2003
On several occasions during the period 2001-2003, the European Central Bank (ECB) decided to deviate from its "neutral …
Persistent link: https://www.econbiz.de/10009636518