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Cross-border bank contagion in Europe
Gropp, Reint E.; Lo Duca, Marco; Vesala, Jukka - 2006
This paper analyses cross-border contagion in a sample of European banks from January 1994 to January 2003. We use a … bank. We find evidence in favour of significant cross-border contagion. We also find some evidence that since the … introduction of the euro cross-border contagion may have increased. The results seem to be very robust to changes in the …
Persistent link: https://www.econbiz.de/10011604708
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European Banking Market
Haar, Brigitte - 2010
The paper provides an overview over the law of the European banking market. It identifies the driving forces of market … integration, the regulatory steps towards its implementation and the directives on the integration of the European banking market …
Persistent link: https://www.econbiz.de/10013137782
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Italy in the Eurozone
Keuschnigg, Christian; Kirschner, Linda; Kogler, Michael; … - 2020
Using a DSGE model with nominal wage rigidity, we investigate two scenarios for the Italian economy. The first considers sustained policy commitment to reform. The results indicate the possibility of 'growing out of bad initial conditions', if fiscal consolidation is combined with a program for...
Persistent link: https://www.econbiz.de/10012244451
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Cross-border banking and transmission mechanisms : the case of Europe
Buch, Claudia M. - 2001
financial institutions. This paper reviews the stylized facts of the integration of European banking markets and the changing … nature of cross-border banking. Although the openness of financial systems has increased, bilateral financial linkages among …
Persistent link: https://www.econbiz.de/10011476387
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Capital market integration in Euroland : the role of banks
Buch, Claudia M. - 1999
analyzes the implications of the euro for cross-border banking activities. A portfolio model is used which captures the role of …
Persistent link: https://www.econbiz.de/10011475635
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Firm or bank weakness? : access to finance since the European sovereign debt crisis
Corbisiero, Giuseppe; Faccia, Donata - 2020
This paper uses a unique dataset where credit rejections experienced by euro area firms are matched with firm and bank characteristics. This allows us to study simultaneously the role that bank and firm weakness had in the credit reduction observed in the euro area during the sovereign debt...
Persistent link: https://www.econbiz.de/10012150099
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Bank Interventions and Downside Correlation Risk Premium : Evidence from the Global and Euro-Area Crisis
Londono, Juan M. - 2015
Using a novel dataset on government interventions into financial institutions between 2008-2013, we examine the impact of capital injection announcements on the downside correlation risk premium (DCRP), the compensation that investors demand to bear the risk of large correlated drops in banks'...
Persistent link: https://www.econbiz.de/10013031686
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Bank Interventions and Options-Based Systemic Risk : Evidence from the Global and Euro-Area Crisis
Londono, Juan M.; Tian, Mary H. - 2017
injection announcements on systemic risk for the banking sector in the U.S. and the euro area between 2008 and 2013. We propose …
Persistent link: https://www.econbiz.de/10014121074
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Reforming the Architecture of EMU : Ensuring Stability in Europe
de Haan, Jakob - 2014
This paper analyses the reforms in the architecture of EMU since the eruption of the euro crisis in 2010. We describe major weaknesses in the original set-up of EMU, such as lack of fiscal discipline, diverging financial cycles and competitiveness positions, and a lack of crisis instruments....
Persistent link: https://www.econbiz.de/10013044447
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Medium-Term Asymmetric Fluctuations and EMU as an Optimum Currency Area
Hessel, Jeroen - 2019
Recent studies find that short-term fluctuations in EMU have been symmetric. This finding leads to benign views on the functioning of EMU as an optimum currency area (OCA), that are difficult to reconcile with the sovereign debt crisis. We try to solve this puzzle by looking at medium-term...
Persistent link: https://www.econbiz.de/10012865689