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This paper distils three lessons for bank regulation from the experience of the 2009-12 euro-area financial crisis …. First, it highlights the key role that sovereign debt exposures of banks have played in the feedback loop between bank and …
Persistent link: https://www.econbiz.de/10010424982
This paper presents a new dataset on the dynamics of non-performing loans (NPLs) during 88 banking crises since 1990. The data show similarities across crises during NPL build-ups but less so during NPL resolutions. We find a close relationship between NPL problems-elevated and unresolved...
Persistent link: https://www.econbiz.de/10012206258
This paper presents a new dataset on the dynamics of non-performing loans (NPLs) during 88 banking crises since 1990. The data show similarities across crises during NPL build-ups but less so during NPL resolutions. We find a close relationship between NPL problems-elevated and unresolved...
Persistent link: https://www.econbiz.de/10012155002
Persistent link: https://www.econbiz.de/10012018396
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
We investigate whether the bank crisis management framework of the European banking union can effectively bar the … detrimental influence of national interests in cross-border bank failures. We find that both the internal governance structure and … authorities in charge of bank crisis management to operate autonomously and achieve socially optimal outcomes beyond national …
Persistent link: https://www.econbiz.de/10012807771
allowed maintained bank weaknesses to persist and harmed the transmission of monetary policy but, whereas the SSM has been …
Persistent link: https://www.econbiz.de/10012153354
Government interventions such as bailouts are often implemented in times of high uncertainty. Policymakers may therefore rely on information from financial markets to guide their decisions. We propose a model in which a policymaker learns from market activity and where market participants have...
Persistent link: https://www.econbiz.de/10012243366
Persistent link: https://www.econbiz.de/10011296173
analyses the role of the European Central Bank (ECB) during the first phase of this crisis, both in its capacity as a monetary …
Persistent link: https://www.econbiz.de/10012431530