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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...
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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 …
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We investigate the extent to which various structural risks exacerbate the materialization of cyclical risk. We use a large database covering all sorts of cyclical and structural features of the financial sector and the real economy for a panel of 30 countries over the period 2006Q1-2019Q4. We...
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risk exposures. As comparison of liquidity risk projections to the available liquidity of participants in the system only …
Persistent link: https://www.econbiz.de/10012703114
The ultimate objective of macroprudential policy is to contribute to financial stability by curbing the build-up of systemic risks and alleviating negative outcomes for the economy should risks materialize . Measuring and communicating whether policy goals are achieved is challenging, as...
Persistent link: https://www.econbiz.de/10013448164
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...
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