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This survey reviews the literature on the political economy of financial structure, broadly defined to include the size of capital markets and banking systems as well as the distribution of access to external finance across firms.The theoretical literature on the institutional basis for...
Persistent link: https://www.econbiz.de/10011374399
imperfectly elastic supply of bank equity stemming from financial market segmentation. In our model, equity is costly and serves … and the design of bank stress testing. …
Persistent link: https://www.econbiz.de/10011341895
The paper explores incentives created by the German Bank Restructuring Act for investors holding assets in systemically … to forego risks by curbing promises of systemic support. Adverse consequences result from the fact that the Bank …
Persistent link: https://www.econbiz.de/10009788241
bank issues covered bonds backed by a pool of assets that is bankruptcy remote and replenished following losses …. Encumbering assets allows a bank to raise cheap secured debt and expand profitable investment, but it also concentrates risk on …
Persistent link: https://www.econbiz.de/10011451099
foster additional non-bank sources of finance, mobilize private savings more efficiently and enhance capital market … finances. In a CMU sovereign risks have to be treated adequately in bank regulation. Third, it should be assessed in advance … which sources of non-bank finance will be demanded by companies and will become systemic. We recommend an integrated …
Persistent link: https://www.econbiz.de/10011292921
theoretical literature on bank capital regulation. Empirical results on large Italian banks are reported on the third section. The …
Persistent link: https://www.econbiz.de/10013112532
combining tranche-level information for structured products with bank balance sheet data for originators, I investigate the …
Persistent link: https://www.econbiz.de/10012954852
We use a novel, household opinions-based measure – Public Confidence in a Bank – to explore the role of bank-level and … banks publicly monitored during 2010–2017. We find that public confidence in a bank is highly sensitive to the industry …-level financial stability indicators, but less sensitive to bank-level risk characteristics. This result reveals an important role of …
Persistent link: https://www.econbiz.de/10012891928
We analyze whether variation in systemic risk in the banking system (also known as “bank systemic risk”) can explain … period 1990–2013, bank systemic risk is positively associated with the corporate investment, after controlling for a large … financial crisis of 2007 and that the effect becomes negative after 2007. We show that the influence of bank systemic risk on …
Persistent link: https://www.econbiz.de/10012971426
of the art works on disclosure and bank transparency. It deals with questioning whether it is beneficial or not to …
Persistent link: https://www.econbiz.de/10012857565