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Fintech has increasingly become part of the global economy with the evolution of technology, increasing investments in fintech firms, and greater integration between traditional incumbent financial firms and fintech. Since the 2007-2009 financial crisis, research has also paid more attention to...
Persistent link: https://www.econbiz.de/10012219547
The U.S. financial markets faced an unprecedented rapid decline and recovery on May 6, 2010, known as the May 6 flash crash. Roughly one trillion $ market value in less than thirty minutes vanished with the biggest one-day point decline in the history of the DJIA at the time.Since the market...
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There is a momentous debate on the role played by financial technology (fintech) innovation in the fragility of the … empirically examines the influence of fintech innovation on bank fragility. Mainly the destabilizing impact of fintech innovation … innovation policy even between the same regions could be rather different. Financial instability appeared also to increase bank …
Persistent link: https://www.econbiz.de/10012233560
This paper looks at the credit rating adjustments on Eurozone banks that followed the post-crisis regulation of bank resolution in Europe in 2014. The empirical assessment analyses within-bank variation using the credit ratings of the major Eurozone banks. The analysis shows that with the...
Persistent link: https://www.econbiz.de/10013212631
This paper analyzes the Wirecard AG case from a digital finance perspective. The relatively low pace of digital transformation of financial supervisors and the high speed of advancements in technology increase the technological gaps between supervisors and their responsibility areas and result...
Persistent link: https://www.econbiz.de/10012826545
Washington's remedy to the financial problems that began in 2008 was the Troubled Asset Relief Program (TARP) — the so called bailout of the banking system. Whatever its merits, it was, for the most part, unpopular with the American public. Lawmakers, fearful that the economy might actually...
Persistent link: https://www.econbiz.de/10013083116
The spectacular failure of the 150-year old investment bank Lehman Brothers on September 15th, 2008 was a major turning point in the global financial crisis that broke out in the summer 2007. Through the use of stock market data and Credit Default Swap (CDS) spreads, this paper examines the...
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