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Has the Comprehensive Assessment made the European financial system more resilient?
Calò, Silvia; Gregori, Wildmer Daniel; Petracco … - 2021 - This version: September 2021
What has been the impact of the Comprehensive Assessment (CA) carried out by the ECB on banks' resilience? Implementing a difference-indifference approach, we analyse a non-risk based measure defined as the ratio of Tier 1 capital over total assets of European banks' balance sheets during the...
Persistent link: https://www.econbiz.de/10013186793
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Internal Corporate Governance and the Financial Crisis : Lessons for Banks, Regulators and Supervisors
Gualandri, Elisabetta - 2011
Persistent link: https://www.econbiz.de/10013117550
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Personal Ethics & the U.S. Financial Collapse of 2007-08
Trautman, Lawrence J. - 2017
The seeds for the 2007-09 financial collapse were sewn over many years and nurtured by ill-advised governmental housing policy, the presence of pervasive fraud both large and small and the widespread failure of personal integrity. A chronology of bad choices made by individuals and the...
Persistent link: https://www.econbiz.de/10012972692
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Accounting for financial stability: Lessons from the financial crisis and future challenges
Bischof, Jannis; Laux, Christian; Leuz, Christian - 2020
This paper examines banks' disclosures and loss recognition in the financial crisis and identifies several core issues for the link between accounting and financial stability. Our analysis suggests that, going into the financial crisis, banks' disclosures about relevant risk exposures were...
Persistent link: https://www.econbiz.de/10012290508
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Accounting for financial stability : lessons from the financial crisis and future challenges
Bischof, Jannis; Laux, Christian; Leuz, Christian - 2020
This paper examines banks' disclosures and loss recognition in the financial crisis and identifies several core issues for the link between accounting and financial stability. Our analysis suggests that, going into the financial crisis, banks' disclosures about relevant risk exposures were...
Persistent link: https://www.econbiz.de/10012241734
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Bank instability : interbank linkages and the role of disclosure
König-Kersting, Christian; Trautmann, Stefan T.; … - 2020
We study the impact of disclosure about bank fundamentals on depositors' behavior in the presence (and absence) of … disclosure is conducive to bank stability. We find that bank deposits are sensitive to perceived bank performance. While banks … with strong fundamentals benefit from more precise disclosure, an opposing effect is present for solvent banks with weaker …
Persistent link: https://www.econbiz.de/10012250923
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Accounting for financial stability : lessons from the financial crisis and future challenges
Bischof, Jannis; Laux, Christian; Leuz, Christian - 2018
This paper investigates what we can learn from the financial crisis about the link between accounting and financial stability. The picture that emerges ten years after the crisis is substantially different from the picture that dominated the accounting debate during and shortly after the crisis....
Persistent link: https://www.econbiz.de/10012011324
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Systemic risk in the European Union : a network approach to banks' sovereign debt exposures
Westphal, Annika - In: International Journal of Financial Studies : open … 3 (2015) 3, pp. 244-279
This paper draws on network theory to investigate European banks' sovereign debt exposures. Banks' holdings of sovereign debt build a network of financial linkages with European countries that exhibits a long-tail distribution of node degrees. A highly connected network core of 15 banks is...
Persistent link: https://www.econbiz.de/10011312216
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Do stress tests matter? : evidence from the 2014 and 2016 stress tests
Georgescu, Oana-Maria; Groß, Marco; Kapp, Daniel; Kok … - 2017
Stress tests have been increasingly used in recent years by regulators to foster confidence in the banking sector by not only increasing its resilience via mandatory capital increases but also by enhancing transparency to allow investors to better discriminate between banks. In this study, using...
Persistent link: https://www.econbiz.de/10011648333
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The role of counterparty risk and asymmetric information in the interbank market
Cappelletti, Giuseppe; Guazzarotti, Giovanni - 2017
We study the effect of counterparty risk on the ability of Italian banks to access the foreign unsecured interbank market during the sovereign debt crisis in the second half of 2011. With the onset of the crisis, interest rates in the Italian interbank market soared and foreign lending decreased...
Persistent link: https://www.econbiz.de/10011667217