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Financial Market Regulation, Country Governance, and Bank Efficiency : Evidence from East Asian Countries
Gee, Chan Sok - 2016
This paper examines the relationship between financial market regulation, country governance and efficiency of …, we employ a non-parametric approach — Data Envelopment Analysis (DEA) — to estimate the banks' cost and profit efficiency … efficiency. The results suggest that commercial banks in East Asia are relatively profit efficient rather than cost efficient …
Persistent link: https://www.econbiz.de/10012994782
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Sovereign default risk and banks in a monetary union
Uhlig, Harald - 2013 - This revision: August 12, 2013
This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank guarantees in a monetary union. I assume that banks can use sovereign bonds for repurchase agreements with a common central bank, and that their sovereign partially backs up any...
Persistent link: https://www.econbiz.de/10009786077
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Euro Area Fiscal Policies and the Crisis
van Riet, Ad - 2010
In mid-September 2008, a global financial crisis erupted which was followed by the most serious worldwide economic recession for decades. As in many other regions of the world, governments in the euro area stepped in with a wide range of emergency measures to stabilise the financial sector and...
Persistent link: https://www.econbiz.de/10012758043
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Economic Governance in the Euro Area : Balancing Risk Reduction and Risk Sharing
Balassone, Fabrizio - 2016
The unchecked build-up of imbalances during the 2000s exposed the euro area to the risk of sudden stops. Such risk materialized in 2009-10 and its consequences were amplified by the absence of adequate institutions. Europe embarked on a thorough process of reforming its economic governance. We...
Persistent link: https://www.econbiz.de/10012980035
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The Euro Crisis : A View from the North
Honkapohja, Seppo - 2013
The paper provides an overview of the sovereign debt crisis. I first consider the build-up of the crisis. I then discuss policy choices when a financial crisis erupts and assess the adjustment processes in the crisis countries, including alternatives to policies of austerity. Finally I take up...
Persistent link: https://www.econbiz.de/10013079282
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What Explains the Surge in Euro Area Sovereign Spreads During the Financial Crisis of 2007-09?
Attinasi, Maria Grazia; Checherita-Westphal, Cristina D.; … - 2021
This paper uses a dynamic panel approach to explain the determinants of widening sovereign bond yield spreads vis-à-vis Germany in selected euro area countries during the period end-July 2007 to end-March 2009, when the financial turmoil developed into a full-blown financial and economic...
Persistent link: https://www.econbiz.de/10013316284
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Comment on : 'The Euro Crisis: A View from the North'
Malliaropulos, Dimitris - 2022
Persistent link: https://www.econbiz.de/10014236928
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Bank regulation and sovereign risk : a paradox
Afonso, António; Teixeira, André - 2023
This paper investigates the impact of banking prudential regulation on sovereign risk. We show that prudential regulation reduces sovereign risk and induces governments to spend more. As a result, countries with tight prudential regulation have lower primary budget balances and accumulate more...
Persistent link: https://www.econbiz.de/10014281475
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From scratch to efficiency gains after a financial crisis? : a tale of a restructured banking system
Ferro, Gustavo; León, Sonia; Romero, Carlos Antonio; … - In: International review of applied economics 32 (2018) 1, pp. 119-133
Persistent link: https://www.econbiz.de/10011796841
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The impact of TARP on bank efficiency
Harris, Oneil; Huerta, Daniel; Ngo, Thanh - In: Journal of international financial markets, … 24 (2013), pp. 85-104
Persistent link: https://www.econbiz.de/10009726464