Showing 1 - 10 of 3,677
This note examines how the DEM/USD rate and US short-term and long-term interest rates respond to the release of payroll announcements. In contrast to a recent paper by Edison (1997), who employs a linear econometric model, we test the influence of news by comparing the absolute values of the...
Persistent link: https://www.econbiz.de/10010301765
loan pricing. The model demonstrates how risks, costs, market concentration and scale economies jointly determine the bank …
Persistent link: https://www.econbiz.de/10010326292
-term liabilities. We develop a structural model of a firm's value maximization problem that predicts that profitability of the firm …
Persistent link: https://www.econbiz.de/10010260991
We study the joint dynamics of macroeconomic variables, bond yields, and the exchange rate in an empirical two-country New-Keynesian model complemented with a no-arbitrage term structure model. With Canadian and US data, we are able to study the impact of macroeconomic shocks from both countries...
Persistent link: https://www.econbiz.de/10010279943
harmed by currency depreciations. The evidence regarding the profitability and financial fragility ratios is consistent with … ones: in Asia firms become more fragile after the crisis and their profitability declines and leverage increases further …
Persistent link: https://www.econbiz.de/10010281399
We examine the relative predictive power of the sticky price monetary model, uncovered interest parity, and a transformation of the net exports variable. In addition to bringing a new approach (utilizing our measure of external imbalance suggested by Gourinchas and Rey) and data spanning a more...
Persistent link: https://www.econbiz.de/10010285332
controlling for bank specific and macroeconomic determinants of bank profitability. Bank profitability is proxied by return on … significant negative effect on bank profitability only in the long run. Generally, the explanatory variables used in the study … have short run and long run effects on bank profitability, although the impact is not uniform across the different measures …
Persistent link: https://www.econbiz.de/10013201271
the empirical relation between efficiency and profitability in five large economies of the European Union during the … period 1998-2005 and discusses the results from the perspective of corporate bank strategy. Methodologically the existing … literature is expanded by the use of DEA super-efficiency values to regress profitability, the incorporation of risk by …
Persistent link: https://www.econbiz.de/10010298954
This paper analyses structural and cyclical determinants of banking profitability in 16 Western European countries. We …. The industry concentration of national banking systems, though, does not significantly affect aggregate profitability …. Business cycle effects, in particular lagged GDP growth, display a substantial procyclical impact on bank profits. These …
Persistent link: https://www.econbiz.de/10010295936
bank. The results suggest that capital requirements may only be of second-order importance for banks? capital structures …
Persistent link: https://www.econbiz.de/10010298024