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Bank ownership and efficiency in China: what lies ahead in the world's largest nation?
Berger, Allen N.; Hasan, Iftekhar; Zhou, Mingming - 2007
dominant 'big four' state-owned banks. This paper seeks to help predict the effects of this change by analysing the efficiency … efficiency. We present corroborating robustness checks and offer several credible mechanisms through which minority foreign … owners can increase Chinese bank efficiency. These findings suggest that minority foreign ownership of the big four is likely …
Persistent link: https://www.econbiz.de/10012148005
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Banks, markets, and efficiency
Fecht, Falko; Martin, Antoine - 2005
efficiency of the liquidity insurance that banks' deposit contracts provide to households that are subject to idiosyncratic …
Persistent link: https://www.econbiz.de/10010295897
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Bank leverage cycles
Nuño, Galo; Thomas, Carlos - 2013
We document the cyclical dynamics in the balance sheets of US leveraged financial intermediaries in the post-war period. Leverage has contributed more than equity to fluctuations in total assets. All three variables are several times more volatile than GDP. Leverage has been positively...
Persistent link: https://www.econbiz.de/10011605569
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An Overview of the Canadian Banking System: 1996 to 2015
McKeown, Robert - 2017
From 1996 to 2015, total assets at Canadian and foreign banks operating in Canada grew four-times in size. This growth occurred with neither a significant regulatory change, such as the repeal of Glass-Steagall, nor the introduction of new business lines, such as wealth management or investment...
Persistent link: https://www.econbiz.de/10011939430
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Where are the economies of scale in Canadian banking?
McKeown, Robert - 2017
cost efficiency and returns to scale (RTS) in Canadian banking. I estimate a transcendental log cost function for the six …
Persistent link: https://www.econbiz.de/10011939431
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How vulnerable is the Canadian banking system to fire-sales?
McKeown, Robert - 2017
Using a model based on the work of Duarte and Eisenbach (2015), I stress test the Canadian banking system using publicly available data from 1996 to 2015. I find that the Canadian banking system is resilient to all but the most extreme event. This is because (i) strong macroprudential regulation...
Persistent link: https://www.econbiz.de/10011939432
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Costs, size and returns to scale among Canadian and U.S. commercial banks
McKeown, Robert - 2017
I compare returns to scale in the U.S. and Canadian banking system from 1996 to 2015. I estimate a parametric trans-log cost function and, for robustness, an inputoriented distance function. I do this in a way that is commensurate with the limitations of these models. Among the ten largest...
Persistent link: https://www.econbiz.de/10011939433
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Stress testing market risk of German financial intermediaries
Falter, Alexander; Kleemann, Michael; Strobel, Lena; … - 2021
The macroprudential market risk stress test presented in this paper proposes a framework to assess the vulnerability of the German financial system with respect to market price shocks, focusing on banks, insurers and investment funds in a consistent manner. A common market risk scenario is...
Persistent link: https://www.econbiz.de/10014476270
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Nonlinear intermediary pricing in the oil futures market
Bierbaumer, Daniel; Rieth, Malte; Velinov, Anton - 2018
We study the state-dependent trading behavior of financial intermediaries in the oil futures market, using structural vector autoregressions with Markov switching in heteroskedasticity. We decompose changes in futures price volatility into changes in the slopes of traders' demand curves and in...
Persistent link: https://www.econbiz.de/10011794927
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Retirement saving and attitude towards financial intermediaries: Evidence for Germany
Dummann, Kathrin - 2008
People often disregard the need for individual savings for old-age although a decreasing rate of birth and an increasing life expectancy make it necessary to save additional money for retirement by using private or occupational pensions. Due to a lack of financial literacy and a variety of...
Persistent link: https://www.econbiz.de/10010319256