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Government Finances and Banks Bailouts : Evidence from European Stock Markets
Cabrera, Matias - 2017
Using a sample of European banks and a series of events affecting governments' finances, we conduct an event study to examine whether there is a relationship between governments' fiscal difficulties and banks' stock returns. We find a significant reaction of banks' stocks to news concerning...
Persistent link: https://www.econbiz.de/10012970198
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Bank Rescues and Bailout Expectations : The Erosion of Market Discipline During the Financial Crisis
Hett, Florian - 2016
spreads, and equity returns. We use our method to analyze the evolution of bailout expectations during the recent financial … crisis. We find that bailout expectations peaked in reaction to government interventions following the failure of Lehman …
Persistent link: https://www.econbiz.de/10013008249
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The SSM at 1
Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011557140
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Bail-in expectations for European banks : actions speak louder than words
Schäfer, Alexander; Schnabel, Isabel; Weder, Beatrice - 2016
than bail-out. Over the past years there have been a few cases of European banks being restructured where creditors were … countries with limited fiscal space for bail-out. Moreover, actual bail-ins lead to stronger market reactions than the legal …
Persistent link: https://www.econbiz.de/10011974709
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Financial Stability, Resolution of Systemic Banking Crises and COVID-19 : Toward an Appropriate Role for Public Support and Bailouts
Arner, Douglas W. - 2020
A wide range of approaches has been applied to address banking and other financial crises. The nature of the approach depends on the nature of the crisis, its origins, evolution and context. Systemic banking crises are among the most common and costly to address. The experiences of the three...
Persistent link: https://www.econbiz.de/10012826832
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The MREL framework under the banking reform package
Maragopoulos, Nikos - 2020
Persistent link: https://www.econbiz.de/10012436955
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Bank Bailouts in Europe and Bank Performance
Gerhardt, Maria - 2018
equity ratio, loan quality and bank size are the main determinants of bank bailout involvement. However, the aided banks …
Persistent link: https://www.econbiz.de/10012934952
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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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Can European Bank Bailouts Work?
Schoenmaker, Dirk - 2016
in Europe. We consider bank bailouts for these banks in a simulation framework with stochastic country-specific bailout … efficiency of a bailout mechanism with a supranational authority. Even a unanimous voting rule works better than home …
Persistent link: https://www.econbiz.de/10013008000
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Bank bailout programs in Europe : a sequential analysis of drivers and outcomes
Barbu, Teodora-Cristina; Boitan, Iustina Alina; Cepoi, … - In: Journal of business economics and management 22 (2021) 3, pp. 714-734
The determinants and effects of bank bailout programs on the economy and society are still controversial. Using a … bank bailout program. The results show that the adoption of bank bailout programs did not lead to an improvement in the … contribution to scarce literature covering the determinants of the decision to adopt a bank bailout program, also by …
Persistent link: https://www.econbiz.de/10012506300