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Financial stability assessment of EU candidate and potential candidate countries : developments since 2014
Gächter, Martin; Macki, Piotr; Moder, Isabella; … - 2017
This paper reviews and assesses financial stability challenges in countries preparing for EU membership, i.e. Albania, Bosnia and Herzegovina, Kosovo, the former Yugoslav Republic of Macedonia, Montenegro, Serbia and Turkey. The paper focuses on the period since 2014 and on the banking sectors...
Persistent link: https://www.econbiz.de/10011645431
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Rethinking capital regulation : the case for a dividend prudential target
Muñoz, Manuel - 2019
to promote bank soundness and sustained lending over the cycle. First, some evidence on bank dividends and earnings in … generates bank equity and credit supply volatility. Then, a DSGE model with key financial frictions and a banking sector is … by means of less volatile bank retained earnings, (ii) they induce welfare gains associated to a Basel III-type of …
Persistent link: https://www.econbiz.de/10012024523
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Enhancing the financing of the real economy and financial stability in the United Kingdom
Havrylchyk, Olena; Kierzenkowski, Rafał - 2015
The banking sector in the United Kingdom (UK) was deeply affected by the crisis. Bank credit has collapsed reflecting … to improve access to finance united under the roof of the British Business Bank. Further structural reforms are needed to …
Persistent link: https://www.econbiz.de/10011399564
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Predicting vulnerabilities in the EU banking sector : the role of global and domestic factors
Behn, Markus; Detken, Carsten; Peltonen, Tuomo; … - 2016
We estimate a multivariate early-warning model to assess the usefulness of private credit and other macro-financial variables in predicting banking sector vulnerabilities. Using data for 23 European countries, we find that global variables and in particular global credit growth are strong...
Persistent link: https://www.econbiz.de/10011975644
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Bank recapitalizations and lending : a little is not enough
Homar, Timotej - 2016
This paper analyzes the effect of bank recapitalizations on lending, funding and asset quality of European banks …
Persistent link: https://www.econbiz.de/10011975004
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The real effects of bank capital requirements
Fraisse, Henri; Lé, Mathias; Thesmar, David - 2017
We measure the impact of bank capital requirements on corporate borrowing and investment using loanE level data. The …
Persistent link: https://www.econbiz.de/10011978165
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Credit conditions, macroprudential policy and house prices
Kelly, Robert; McCann, Fergal; O'Toole, Conor - 2017
We provide a micro-empirical link between the large literature on credit and house prices and the burgeoning literature on macroprudential policy. Using loan-level data on Irish mortgages originated between 2003 and 2010, we construct a measure of credit availability which varies at the borrower...
Persistent link: https://www.econbiz.de/10011975778
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A profit-to-provisioning approach to setting the countercyclical capital buffer : the Czech example
Pfeifer, Lukáš; Hodula, Martin - 2018
Over the last few years, national macroprudential authorities have developed different strategies for setting the countercyclical capital buffer (CCyB) rate in the banking sector. The existing approaches are based on various indicators used to identify the current phase of the financial cycle....
Persistent link: https://www.econbiz.de/10011978802
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Equity versus bail-in debt in banking : an agency perspective
Mendicino, Caterina; Nikolov, Kalin; Suárez, Javier - 2017
We examine the optimal size and composition of banks' total loss absorbing capacity (TLAC). Optimal size is driven by the trade-off between providing liquidity services through deposits and minimizing deadweight default costs. Optimal composition (equity vs. bail-in debt) is driven by the...
Persistent link: https://www.econbiz.de/10011978192
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Financial stability policies and bank lending : quasi-experimental evidence from Federal Reserve interventions in 1920-21
Rieder, Kilian - 2020
policy on bank-level lending and leverage by drawing on a single natural experiment. In 1920, when U.S. monetary policy was … stance. Macroprudential policy caused both bank-level lending and leverage to fall significantly (by 11%-14%), whereas LAW … had only weak and, in some areas, even perverse effects on these bank-level outcomes. I show that the macroprudential tool …
Persistent link: https://www.econbiz.de/10012318753