This paper analyses the evolution of the safety and soundness of the European banking sector during the various stages of the Basel process of capital regulation. In the first part we document the evolution of various measures of systemic risk as the Basel process unfolds. Most strikingly, we...

Even though the primary function of deposit guarantee schemes (DGSs) is to serve as ‘paybox' for bank depositors, provide protection to retail depositors, act as a buffer in the event of a banking crisis and contribute to safeguarding the stability of the banking system, DGSs' financial means...

This short note is a description of the dataset compiled during the drafting of Cash and Dash: How ATMs and Computers Changed Banking (Oxford University Press, 2018). The full dataset is deposited with the European Association for Banking and Financial History, and is available for download from...

This paper analyses the evolution of the safety and soundness of the European banking sector during the various stages of the Basel process of capital regulation. In the first part we document the evolution of various measures of systemic risk as the Basel process unfolds. Most strikingly, we...

This paper analyses the evolution of the safety and soundness of the European banking sector during the various stages of the Basel process of capital regulation. In the first part we document the evolution of various measures of systemic risk as the Basel process unfolds. Most strikingly, we...

In the follow-up to the 1926 financial crisis in France, a new government led by Raymond Poincaré attempted to restore monetary stability by restructuring public debt. This policy led to a sharp decrease in the outstanding amount of floating debt, which had become a standard source of funding...

Identifying market crashes can be problematic. In a stable financial environment, the same price variation in percentage will result in greater negative impact than during a highly volatile period.In order to take into account changes of volatility throughout time, a new method is proposed, one...

This paper revisits what we know about the risk of stocks thanks to a non-US long term database. French stock market risk observed over the last 150 years, presents a long-term rise. Despite peace and economic stability, market risk has never converged to levels seen pre-1914. Reversely, the...

Research in this article traces the origins of a process of competitive change in British retail financial markets by looking at the emergence of cash dispensers technology, how it transformed into Automated Teller Machines (ATM) and how proprietary ATM networks gave way to total...

Dividend policy is not set de novo each year, but dividends are smoothed from one year to another. This smoothing leads to a short-term persistence in dividend policy. In this paper, we investigate the persistence of a dividend policy in the long run by using a unique sample of firms listed on...