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Bank mergers, competition and liquidity
Carletti, Elena; Hartmann, Philipp; Spagnolo, Giancarlo - 2003
in liquidity risk and expected liquidity needs for each bank and for the banking system. Large mergers tend to increase …
Persistent link: https://www.econbiz.de/10009635892
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new evidence from the liberalisation and harmonisation of the banking industry
De Ávila, Diego Romero - 2003
deregulation and harmonisation of banking laws at the EU level has brought about on growth over the last 40 years. Our main … harmonisation of banking legislation. Both policy changes affect growth even after controlling for other pro-growth policies … process has impacted growth through the increase in the level and efficiency of financial intermediation and the …
Persistent link: https://www.econbiz.de/10009635911
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A monthly monetary model with banking intermediation for the euro area
Bruggeman, Annick; Donnay, Marie - 2003
the intermediation role of the banking sector. Estimating the encompassing model over the period January 1981 - September …
Persistent link: https://www.econbiz.de/10009635913
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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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Monetary policy transmission in the euro area
Angeloni, Ignazio; Ehrmann, Michael - 2003
data limitations, we concentrate on three blocks of transmission: the banking, interest-rate and asset-market channels. We …
Persistent link: https://www.econbiz.de/10009635961
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Measurement of contagion in banks' equity prices
Gropp, Reint; Moerman, Gerard - 2003
This paper uses the co-incidence of extreme shocks to banksu0092 risk to examine within country and across country contagion among large EU banks. Banksu0092 risk is measured by the first difference of weekly distances to default and abnormal returns. Using Monte Carlo simulations, the paper...
Persistent link: https://www.econbiz.de/10009636520
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Developing statistical indicators of the integration of the euro area banking system
Manna,Michele - 2004
This paper discusses a wide range of indicators of the degree of integration of the euro area banking system. It is … paper offers three main empirical conclusions. First, within the euro area the gap between the cross-border banking activity …
Persistent link: https://www.econbiz.de/10009636523
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Deposit insurance, moral hazard and market monitoring
Gropp, Reint; Vesala, Jukka - 2004
banking model we show that deposit insurance may reduce moral hazard, if deposit insurance credibly leaves out non …
Persistent link: https://www.econbiz.de/10009636525
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Cooperation in international banking supervision
Holthausen, Cornelia; Rønde, Thomas - 2004
This paper analyzes cooperation between sovereign national authorities in the supervision and regulation of a multinational bank. We take a political economy approach to regulation and assume that supervisors maximize the welfare of their own country. The communication between the supervisors is...
Persistent link: https://www.econbiz.de/10009636539
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Liquidity, information, and the overnight rate
Ewerhart, Christian; Cassola, Nuno; Ejerskov, Steen; … - 2004
(Hamilton, 1997) is reversed, i.e., a liquidity drainage from the banking system may generate an overall decrease in the market …
Persistent link: https://www.econbiz.de/10009639432