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Persistent link: https://www.econbiz.de/10009640064
credit risk transfer. The possibility of transferring credit reduces the impact of liquidity shocks on bank balance sheets …, but also reduces the bank incentive to monitor. As a result, secondary markets allow to release bank capital and … capital recycling and by reducing bank monitoring, secondary credit markets in general equilibrium allow banks to take on more …
Persistent link: https://www.econbiz.de/10009640284
We augment a standard monetary DSGE model to include a banking sector and financial markets. We fit the model to Euro Area and US data. We find that agency problems in financial contracts, liquidity constraints facing banks and shocks that alter the perception of market risk and hit financial...
Persistent link: https://www.econbiz.de/10009640348
Exchanges and other trading platforms are often vertically integrated to carry out trading, clearing and settlement as one operation. We show that such vertical silos can prevent efficiency gains from horizontal consolidation of trading and settlement platforms to be realized. Independent of the...
Persistent link: https://www.econbiz.de/10009639429
-merger financial performance. We find that, on average, bank mergers in the European Union resulted in improved return on capital. By …
Persistent link: https://www.econbiz.de/10009639458
asymmetries within the bank combined with fixed wages. Two kinds of inefficiencies arise in equilibrium: the credit officer either … bank accepts the information asymmetries, is called the centralized structure. Under decentralized structure the bank … finance more small firms, but incur higher costs than centralized ones. Small banks are interpreted as a bank with relatively …
Persistent link: https://www.econbiz.de/10009639467
We study the effect of interbank market integration on small firm finance in the build-up to the 2007-2008 financial crisis. We use a comprehensive data set that contains contract terms on individual loans to 6,047 firms across 14 European countries between 1998:01 and 2005:12. We account for...
Persistent link: https://www.econbiz.de/10009640288
This document describes and explains the architecture of the public consultation version of the draft XBRL taxonomy for second level supervisory reporting developed by the European Banking Authority. In particular, it explains the semantics and syntaxused to express the information requirements...
Persistent link: https://www.econbiz.de/10010368051
Persistent link: https://www.econbiz.de/10010368052