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We use the German Crisis of 1931, a key event of the Great Depression, to study how depositors behave during a bank run in the absence of deposit insurance. We find that deposits decline by around 20 percent during the run and that there is an equal outflow of retail and nonfinancial wholesale...
Persistent link: https://www.econbiz.de/10013161892
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...
Persistent link: https://www.econbiz.de/10011800734
Current theories of financial regulation suggest expanding rules-based formal state intervention to promote international banking stability. Such policy solutions should then be global in scope. This article instead argues that principles-based informal co- and self-regulation through domestic...
Persistent link: https://www.econbiz.de/10014436557
Persistent link: https://www.econbiz.de/10009667300
barriers. Third, credit constraints can play an important role in weakening the positive impact of product market reform on …
Persistent link: https://www.econbiz.de/10012977841
reduces entry barriers and can increase competition. Using data from US markets from 1995 to 2004, we estimate the effects of … competition. However, controlling for actual competition, ISR authorization causes an average reduction in prices of 32.7 percent … promotes potential competition and lower prices in markets where the threat of hit-and-run entry is more credible …
Persistent link: https://www.econbiz.de/10013033628
instruments to study international spillovers of prudential policy changes and their effects on bank lending growth. The … bank lending. Second, international spillovers vary across prudential instruments and are heterogeneous across banks. Bank …-specific factors like balance sheet conditions and business models drive the amplitude and direction of spillovers to lending growth …
Persistent link: https://www.econbiz.de/10011568519
instruments to study international spillovers of prudential policy changes for bank lending growth. The collective analysis has … three main findings. First, prudential instrument effects sometimes spill over across borders through bank lending. Second … sheet conditions and business models drive the amplitude and direction of spillovers to lending growth rates. Third …
Persistent link: https://www.econbiz.de/10011595267
In this paper, we exploit a natural experiment in which thrifts in several states witnessed an exogenous reduction in supervisory attention to assess the effect of supervision on financial institutions' willingness to take risk. We show that the affected institutions took on much more risk than...
Persistent link: https://www.econbiz.de/10011710132
This paper provides an overview of stress-testing methodologies in Europe, with a focus on the advancements made by the European Central Bank's Financial Stability Committee Working Group on Stress Testing (WGST). Over a four-year period, the WGST played a pivotal role in refining stress-testing...
Persistent link: https://www.econbiz.de/10014530302