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Competition and regulation in the Finnish ATM industry
Markkula, Tuomas; Takalo, Tuomas - 2021
selected other countries. We document how changes in the ATM market regulation and market structure has decoupled the ATM … network size from the declining cash use in Finland. The Finnish regulation has almost exclusively focused on foreign fees …, while in general it would be better to regulate interchange fees. If the optimal fee regulation is not feasible, the …
Persistent link: https://www.econbiz.de/10012671393
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Drivers of portfolio flows into Chinese debt securities amidst China's bond market development
McCully, Tuuli - 2023
The paper focuses on China's onshore bond market and the drivers of non-resident net portfolio flows into Chinese debt securities. Building on a theoretical model of push and pull factors as a foundation for the empirical analysis on drivers of bond flows into China, static and time-varying...
Persistent link: https://www.econbiz.de/10014438781
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Has the Comprehensive Assessment made the European financial system more resilient?
Calò, Silvia; Gregori, Wildmer Daniel; Petracco … - 2021 - This version: September 2021
What has been the impact of the Comprehensive Assessment (CA) carried out by the ECB on banks' resilience? Implementing a difference-indifference approach, we analyse a non-risk based measure defined as the ratio of Tier 1 capital over total assets of European banks' balance sheets during the...
Persistent link: https://www.econbiz.de/10013186793
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Interest rate hikes affect the banks and their customers
2023
Persistent link: https://www.econbiz.de/10014450022
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Interbank credit exposures and financial stability
Schneorson, Oren - 2022
This paper investigates how interbank credit exposures affect financial stability. Policy makers often see such exposures as undermining stability by exacerbating cascading losses through the financial system. I develop a model that features a trade-off between cascading losses and risk-sharing....
Persistent link: https://www.econbiz.de/10013350529
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Constructing a composite indicator to assess cyclical systemic risks : an early warning approach
Koponen, Heidi - 2024
The main contribution of this paper is the construction of a cyclical systemic risk indicator from early warning indicators of banking crises (EWIs) used in Finland. Previous research has shown that combining EWIs can enhance their early warning properties. This study evaluates the indicator's...
Persistent link: https://www.econbiz.de/10014526680
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Dividend signaling and bank payouts in the Great Financial Crisis
Juelsrud, Ragnar Enger; Nenov, Plamen T. - 2022
We study the dividend payouts of U.S. banks during the 2008 financial crisis. Using a difference-in-differences methodology, we shows that banks with higher share of short-term liabilities to total liabilities, which were thus more exposed to the rollover crisis that took place in 2008,...
Persistent link: https://www.econbiz.de/10013440417
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What do banks lose money on during crises?
Kragh-Sørensen, Kasper; Solheim, Haakon - 2022
We look at a wide range of national and international crises to identify banks' exposures to losses during banking crises. We find that banks generally sustain greater losses on corporate loans than on household loans. Even after sharp falls in house prices, losses on household loans were often...
Persistent link: https://www.econbiz.de/10013260104
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Stress test precision and bank competition
Moreno, Diego; Takalo, Tuomas - 2024
We study a competitive banking sector in which banks choose the level of risk of their asset portfolios and, upon the public disclosure of stress test results, raise funding by promising investors a repayment. We show that competition forces banks to choose risky assets so as to promise...
Persistent link: https://www.econbiz.de/10014464895
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Geoeconomic fragmentation, globalization, and multilateralism
Norring, Anni - 2024
The world is witnessing growing turbulence stemming from geopolitics and a tangible threat of economic disintegration. There are some indications of globalization in retreat, international trade growth slowing down and a transition from optimizing efficiency of global value chains towards...
Persistent link: https://www.econbiz.de/10014496726