Showing 1 - 10 of 3,142
This paper empirically examines how capital affects a bank's performance (survival and market share), and how this … effect varies across banking crises, market crises, and normal times that occurred in the U.S. over the past quarter century … all times (during banking crises, market crises, and normal times). Second, capital enhances the performance of medium and …
Persistent link: https://www.econbiz.de/10011893182
on foreign claims took place. For the largest 67 German banking groups, we find that both their characteristics and … behavior in the pre-crisis episode had repercussions for the crisis period. Above all, prior non-traditional banking activities …
Persistent link: https://www.econbiz.de/10011299079
We analyze the effect of mandatory financial transparency on corporate tax avoidance. Capital Requirements Directive IV by the European Commission required multinational banks to publish key financial and tax data in the form of public Country-by-Country Reporting. We examine tax avoidance of...
Persistent link: https://www.econbiz.de/10012853394
loan syndicates, I shed light on the impact of a bank's LBO loan exposure on its systemic risk. By using 3,538 observations … are the bank's interconnectedness to other LBO financing banks and its size. Lending experience with a specific PE sponsor …, experience with leading LBO syndicates or a bank's credit rating, however, lead to a lower impact of the LBO loan exposure on …
Persistent link: https://www.econbiz.de/10010515428
This paper develops an analytical framework that can be used to anticipate problems in the banking system and enable … indicator that is intended to capture a number of the systemic risks that can affect the banking system as a whole. Second, it … develops a methodology to detect problems at the individual bank level in an effort to identify those firms with financial …
Persistent link: https://www.econbiz.de/10011283443
constrained efficient when supplemented with the same government liquidity regulation that is required to make a banking system …
Persistent link: https://www.econbiz.de/10011327337
This paper describes concepts and tools behind macroprudential monitoring, and the growing importance of macroprudential tools for assessing the stability of financial systems. This paper also employs a macroprudential approach in examining financial soundness and identifying its determinants....
Persistent link: https://www.econbiz.de/10010529694
This paper describes concepts and tools behind macroprudential monitoring and the growing importance of macroprudential tools for assessing the stability of financial systems. This paper also employs a macroprudential approach in examining financial soundness and identifying its determinants....
Persistent link: https://www.econbiz.de/10009768766
This paper presents a theory that explains why it is beneficial for banks to engage in circular lending activities on the interbank market. Using a simple network structure, it shows that if there is a non-zero bailout probability, banks can significantly increase the expected repayment of...
Persistent link: https://www.econbiz.de/10010226037
We show that market discipline, defined as the extent to which firm specific risk characteristics are re ected in market prices, eroded during the recent financial crisis in 2008. We design a novel test of changes in market discipline based on the relation between firm specific risk...
Persistent link: https://www.econbiz.de/10010226557