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anticipation of this bailout undermines a bank's private incentive to impose a bail-in. In the resulting equilibrium, bail-ins are …We study the interaction between a government's bailout policy and banks' willingness to impose losses on (or \bail in …
Persistent link: https://www.econbiz.de/10012418049
This paper looks into the specific influence that the European banking union will have on (future) bank client …
Persistent link: https://www.econbiz.de/10010530583
This paper looks into the specific influence that the European banking union will have on (future) bank client …
Persistent link: https://www.econbiz.de/10011279729
BRRD diminished bail-out expectations. Bank bonds subject to BRRD bail-in carry a 10 basis points bail-in premium in terms … in the European bank market for unsecured debt. The different impact of the BRRD on bank bonds provides a quasi … based on the fact that (otherwise identical) bonds of a given bank maturing before 2016 are explicitly protected from BRRD …
Persistent link: https://www.econbiz.de/10012291204
natural experiment to study the effects of reduced bank capital adequacy on productivity. Affected banks respond not only by …
Persistent link: https://www.econbiz.de/10011975387
We study the relationship between banks' size and risk-taking in the context of supranational banking supervision. Consistently with theoretical work on banking unions and in contrast to analyses emphasising incentives under- pinned by the too-big-to-fail effect, we find an inverse relationship...
Persistent link: https://www.econbiz.de/10012627903
Persistent link: https://www.econbiz.de/10015397728
We develop a macroeconomic portfolio stress test that is specifically geared towards small and medium-sized banks. We combine a credit risk stress test which simulates credit impairments via a CreditMetrics type multi-factor portfolio model with an income stress test in the form of dynamic panel...
Persistent link: https://www.econbiz.de/10011308474
Persistent link: https://www.econbiz.de/10013325541
because it reflects special liquidity benefits of bank debt. Even aside from neglecting the systemic damage to the economy …
Persistent link: https://www.econbiz.de/10011925841