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We model the unsecured overnight market in the United Kingdom as a network of relationships and examine how the … structure has changed over the recent period of crisis. Using established network techniques, we find strong evidence of the …. -- Network ; topology ; interbank ; unsecured loan ; systemic risk ; financial stability …
Persistent link: https://www.econbiz.de/10003989523
How do concentration and competition in the European banking sector affect lending relationships between small and medium sized enterprises (SMEs) and their banks? Recent empirical evidence suggests that concentration and competition capture different characteristics of banking systems. Using a...
Persistent link: https://www.econbiz.de/10013152904
This paper analyses the proposition that adjusting structure can strengthen safety and therefore promote stability. It examines six proposals: Liikanen, Volcker, the US rule requiring foreign banking organisations (FBOs) to establish an intermediate holding company (IHC), depositor preference,...
Persistent link: https://www.econbiz.de/10013015227
bank CEOs. For a panel of US and European banks, we employ the Merton distance to default model to estimate how bonus … payments and option holdings impact the level of bank default risk targeted by CEOs. We find that CEO cash bonuses reduce …
Persistent link: https://www.econbiz.de/10013038133
Persistent link: https://www.econbiz.de/10011456799
process. This primary liberalization is based on a definition of network access rights, which leads to different regimes for … the transmission services, as well as for the gas commodity trade, as commodity trade depends on the network services to … get any market deal actually implemented. Not only do those choices depend on the physical architecture of the network …
Persistent link: https://www.econbiz.de/10014146993
"Systemic risk" now occupies centre stage in discussions of bank regulatory reform. Systemic risk is often seen as a …
Persistent link: https://www.econbiz.de/10009753009
"Systemic risk" now occupies centre stage in discussions of bank regulatory reform. Systemic risk is often seen as a …
Persistent link: https://www.econbiz.de/10009572776
The U.K. financial sector is globally systemic, open, and complex. It has weathered the COVID-19 pandemic fittingly, thanks to the post-GFC reforms, a proactive macroprudential stance, and an effective multipronged response to maintain financial stability. Brexit uncertainties are being handled...
Persistent link: https://www.econbiz.de/10013168903
Persistent link: https://www.econbiz.de/10011731785