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Financial fragility, sovereign default risk and the limits to commercial bank bail-outs
Wijnbergen, Sweder van; Kwaak, Christiaan van der - 2013
We analyse the poisonous interaction between bank rescues, financial fragility and sovereign debt discounts. In our … sovereign debt discount. We introduce long term government debt, which gives rise to the possibility of capital losses on bank … intermediaries causes bond prices to drop triggering capital losses at the bank under intervention. This mechanism shows the limits …
Persistent link: https://www.econbiz.de/10010224776
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Financial Fragility, Sovereign Default Risk and the Limits to Commercial Bank Bail-Outs
van Wijnbergen, Sweder - 2016
We analyze the poisonous interaction between bank rescues, financial fragility and sovereign debt discounts. In our … sovereign debt discount. We introduce long term government debt, which gives rise to the possibility of capital losses on bank … intermediaries causes bond prices to drop triggering capital losses at the bank under intervention. This mechanism shows the limits …
Persistent link: https://www.econbiz.de/10013007059
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The Impact of Global Financial Crisis on Shareholder Value and Operational Efficiency of Banks
U-Din, Salah - 2018
markets. The impact of GFC on bank efficiency and shareholder value creation is assessed for 29 large banks in the USA, UK … bank efficiency and shareholder value during 2008-09. A significant relationship between profit efficiency and shareholder … value and cost efficiency. Important determinants of shareholder value and bank efficiency are also identified, which …
Persistent link: https://www.econbiz.de/10012913163
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Tools of Russian Financial Stability
Kiss, Gábor Dávid - 2010
During Russia's transition, debates raged over the formation of a market economy and the role of the state. Behind these debates lay both the control of oligarchs over strategic branches of the economy that export raw materials and the experience of the 1998 crisis that drew attention to the...
Persistent link: https://www.econbiz.de/10013142768
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Coordination Frictions and The Financial Crisis
Gautier, Pieter A. - 2009
equilibria. The paper presents a simple Diamond (1982) type of model where firms must find an (investment) bank to finance their …
Persistent link: https://www.econbiz.de/10010326063
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Fiscal policy and growth: do financial crises make a difference?
Afonso, António; Grüner, Hans Peter; Kolerus, Christina - 2010
In this paper we assess to what extent in the existence of a financial crisis, government spending can contribute to mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel analysis for a set of OECD and non-OECD countries for the...
Persistent link: https://www.econbiz.de/10011605263
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Domestic cycles, financial cycles, and policies: What has gone wrong?
Daianu, Daniel - 2017
to the European Central Bank's extraordinary operations and large macro-imbalance corrections in its periphery, but major …
Persistent link: https://www.econbiz.de/10012056988
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Contagion and Spillovers: New Insights from the Crisis
Backé, Peter; Feldkircher, Martin; Gnan, Ernest; … - 2010
On February 12, 2010, SUERF, the Oesterreichische Nationalbank and the Bankwissenschaftliche Gesellschaft continued their established tradition of jointly organised conferences. As evidenced also by the 115 conference participants, this year's subject of "Contagion and Spillovers – New...
Persistent link: https://www.econbiz.de/10011689946
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Fiscal policy and growth : do financial crises make a difference?
Afonso, António; Grüner, Hans Peter; Kolerus, Christina - 2010
In this paper we assess to what extent in the existence of a financial crisis, government spending can contribute to mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel analysis for a set of OECD and non-OECD countries for the...
Persistent link: https://www.econbiz.de/10003983667
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Fiscal rules, financial stability and optimal currency areas
De Grauwe, Paul; Foresti, Pasquale - 2015
In this paper we suggest that Eurozone countries face a policy trade-off among: 1) a common rule imposing co-movements in fiscal policy; 2) financial stability; and 3) financial integration. We provide empirical evidence documenting the existence of such a trade-off in the period characterized...
Persistent link: https://www.econbiz.de/10010533078