Immediately after the outbreak of the current pandemic crisis, the EU developed a (rather) consistent strategy, by taking measures in order to deal with health emergency needs, support economic activity and employment, preserve monetary and financial stability and prepare the ground for...

This study specifically examines the effects of domestic-political risk and global economic policy uncertainty factors on the profitability of Ukrainian banks during the 2005-2015 period. The empirical results underscore that the domestic-political stability and global economic policy...

Do regulations decrease dealer ability to intermediate trades? Using a unique data set of dealer-bond-level transactions, we link changes in liquidity of individual U.S. corporate bonds to dealers' transaction activity and balance sheet constraints. We show that, prior to the financial crisis,...

In February 2014, the European Parliament approved the text of a new Mortgage Credit Directive, ending more than two years of work on the unification of the mortgage market in Europe. EU Member States have had two years to adapt their national legislations to the new requirements – the...

The introduction of stricter capital adequacy regulation in Japan under the Basel Accord is often blamed for brining on a “capital crunch”: a reduction in bank lending in response to stricter regulations on bank capital. The capital positions of Japanese banks have been under pressure from...

This paper investigates the prevailing financial regulatory structures and impact of the current financial turmoil on banking performance in four Asian economies: the People's Republic of China (PRC); Hong Kong, China; Singapore; and Taipei, China. Both the PRC and Hong Kong, China operate under a...

The economic impasse experienced in the UK is being counteracted by aggressive fiscal policies geared toward encouraging spending on consumables. Using the retail price index and data obtained from the Office of Natural Statistics this paper assessed the effectiveness of the government's fiscal...

We examine the influence of economic policy uncertainty on bank stability post-2007-2008 global financial crisis. We rely on the economic policy uncertainty (EPU) index introduced by Baker et al. (2016). We use 176,477 quarterly observations for US commercial banks over the period from 2011Q1 to...

Motivated by the unprecedented high levels of recent economic policy uncertainty in Europe and the globe, this paper examines the relationship between economic policy uncertainty and bank stability, as well as the conditioning effects of bank regulation and supervision on this relationship....

At the onset of the Covid-19 outbreak, central banks and supervisors introduced dividend restrictions as a new policy instrument aimed at supporting lending to the real economy and strengthening banks' capacity to absorb losses. In this paper we estimate the impact of the ECB's dividend...