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Europe’s Banking Challenge: Reregulation without Refragmentation
Véron, Nicolas - In: CESifo Forum 09 (2008) 4, pp. 51-59
Persistent link: https://www.econbiz.de/10011695913
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What explains global exchange rate movements during the financial crisis?
Fratzscher, Marcel - 2009
A striking and unexpected feature of the financial crisis has been the sharp appreciation of the US dollar against virtually all currencies globally. The paper finds that negative US-specific macroeconomic shocks during the crisis have triggered a significant strengthening of the US dollar,...
Persistent link: https://www.econbiz.de/10011605106
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A macro stress testing framework for assessing systemic risks in the banking sector
Henry, Jérôme (contributor); Kok, Christoffer (contributor) - 2013
The use of macro stress tests to assess bank solvency has developed rapidly over the past few years. This development … top-down macro stress testing framework that is used regularly for forward-looking bank solvency assessments. This paper …
Persistent link: https://www.econbiz.de/10011606304
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Money, Regulation and Growth: Financing New Growth in Europe
Bruni, Franco; Ganchev, Gancho; Tsenkov, Vladimir; … - 2014
On June 4-5, 2014, SUERF and Baffi Finlawmetrics jointly organised a Colloquium/Conference “Money, Regulation and Growth: Financing New Growth in Europe” at Bocconi University, Milan. The present SUERF Study includes a selection of papers based on the authors’ contributions to the Milan...
Persistent link: https://www.econbiz.de/10011689965
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Are bank shareholders enemies of regulators or a potential source of market discipline?
Park, Sangkyun; Peristiani, Stavros - 2001
In moral hazard models, bank shareholders have incentives to transfer wealth from the deposit insurer - that is … value, and a risk measure, this paper develops a semi-parametric model for estimating the critical level of bank risk at …
Persistent link: https://www.econbiz.de/10010283427
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Bank-firm relationships and the performance of non-financial firms during the financial crisis 2008-09: Microeconometric evidence from large-scale firm-level data
Abildgren, Kim; Buchholst, Birgitte Vølund; Staghøj, Jonas - 2011
the financial crisis 2008-09 was significantly higher for firms with a weak bank than for comparable firms with a sound … bank. Second, non-defaulting firms with a weak bank did not have a lower return on assets during the financial crisis 2008 …-09 than comparable firms with a sound bank. Taken together, these results may indicate the presence of heterogeneous effects …
Persistent link: https://www.econbiz.de/10010321165
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Fiscal policy, banks and the financial crisis
Kollmann, Robert; Ratto, Marco; Roeger, Werner; in't … - 2012
estimated New Keynesian model with a bank. A key dimension of policy in the crisis was massive government support for banks … bank asset losses, of government support for banks, and other fiscal stimulus measures, in the EA. Our results suggest that …
Persistent link: https://www.econbiz.de/10011506754
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The Financial Crisis and the Changing Dynamics of the Yield Curve
Bech, Morten L.; Lengwiler, Yvan - 2012
We present evidence on the changing dynamics of the yield curve from 1998 to 2011. We identify four different phases. As expected, the financial crisis represents a period of elevated yield volatility, but it can be split into two distinct periods. The split occurs when the Federal Reserve...
Persistent link: https://www.econbiz.de/10011390671
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Wavelet analysis of Central European stock market behaviour during the crisis
Baruník, Jozef; Vácha, Lukáš - 2009
In the paper we test for the different reactions of stock markets to the current financial crisis. We focus on Central European stock markets, namely the Czech, Polish and Hungarian ones, and compare them to the German and U.S. benchmark stock markets. Using wavelet analysis, we decompose a time...
Persistent link: https://www.econbiz.de/10010322184
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Tail behavior of the Central European Stock markets during the financial crisis
Baruník, Jozef; Vácha, Lukáš; Vošvrda, Miloslav - 2010
In the paper we research statistical properties of the Central European stock markets. We focus mainly on the tail behavior of the Czech, Polish, and Hungarian stock markets and compare them to the benchmark U.S. and German stock markets. We fit the data of the 4-year period from March 2005 to...
Persistent link: https://www.econbiz.de/10010322236