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We isolate the direct bank-to-sovereign distress channel within the Eurozone’s sovereignbank-loop by exploiting the … global, non-Eurozone related variation in stock prices. We instrument banking sector stock returns in the Eurozone with … exposure-weighted stock market returns from non-Eurozone countries and take further precautions to remove any Eurozone crisis …
Persistent link: https://www.econbiz.de/10012265559
We estimate a logit mixture vector autoregressive model describing monetary policy transmission in the euro area over the period 2003Q1-2019Q4 with a special emphasis on credit conditions. With the help of this model, monetary policy transmission can be described as mixture of two states (e.g.,...
Persistent link: https://www.econbiz.de/10013328355
Stylized data shows a structural break in the integration of lending markets which coincides with the global financial crisis. During and after the crisis, banks actively reduced their share of foreign relative to domestic banking activity and lending in particular. This increase in lending...
Persistent link: https://www.econbiz.de/10012317329
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Using a unique dataset, which combines bank organizational variables, information on lending techniques, firms' credit … crisis period. Our main findings suggest that the variables shaping the organization of a bank in its lending activity to non …
Persistent link: https://www.econbiz.de/10011544613
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profile of the banks in empirical relationships between shareholders, bank managers, regulatory restraints, and ownership … structure. We find strong link between level of risk-taking and bank manager performance and efficiency, which supports the …
Persistent link: https://www.econbiz.de/10012233798
Persistent link: https://www.econbiz.de/10010496447
Along time the European Union (EU) has been pointed as the most succeeded example of regional integration. Now, this example has been cruelly shaken by the EZ (Euro Zone) crisis, originating increasing doubts about the integration process. It is evident that the proposed solutions for attacking...
Persistent link: https://www.econbiz.de/10011515832
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