management and investment funds and became a key contributor to growth. Diversification into new areas of financial asset … requirements for banking and heightened international competition pose challenges. Moreover, the financial sector has reached a … important for further diversification in the financial sector, building on Luxembourg’s existing comparative advantage and …

increased risk that they encounter a sharp fall in their wages. People who tend to be particularly affected are the low … growth and risk. Overall, the evidence in this paper points to finance as one factor behind wage stagnation and the social …

The banking sector in the United Kingdom (UK) was deeply affected by the crisis. Bank credit has collapsed reflecting … both weak demand and tighter supply. New prudential requirements have improved the resilience of the banking sector and a … gradually extended beyond the banking sector to prevent the migration of systemic risks. This Working Paper relates to the 2015 …

entry of foreign investors. Finally, to prevent future crises, banking supervision should be enhanced further. This Working …

banking sector is sufficiently capitalised in the short term, banks are deleveraging by cutting down their dependence on cross … while weakening banks’ solvency. The mid-December 2011 agreement between the government and the banking sector was a welcome …

unintended consequences for banks’ profitability and potential financial stability risks associated with this policy. The paper … data for some 50 banking groups directly supervised by the Single Supervisory Mechanism. Since our data set extends to 2018 … policy rates. The econometric results confirm the effect of the interest rate level on bank profitability and, in some …

Financial intermediaries may increase economic efficiency through intertemporal risk smoothing. However without an … economy and compares abilities of market-based and bank-based financial systems in processing the shock. Unregulated banking … improve the performance of the banking system. …