Showing 1 - 10 of 251
proposal rightly endows the European Central Bank (ECB) with broad authority over banks within the supervisory mechanism …
Persistent link: https://www.econbiz.de/10010293587
This report looks backwards to the worldwide use of (enhanced) lender of last resort (LOLR) and market maker of last resort (MMLR) facilities during the global financial and the pandemic crises. It discusses how LOLR and MMLR facilities have worked; looking ahead, it considers what benefits and...
Persistent link: https://www.econbiz.de/10014327938
This paper considers the implementation challenges facing the Basel Committee's new proposals on bank capital standards …
Persistent link: https://www.econbiz.de/10011689892
The investigation of the sequencing of liberalization in the EU financial services industry is the primary object of this study. The relevance of the EU model for financial liberalization is threefold. First, the EU route towards liberalization in financial services could be regarded as a...
Persistent link: https://www.econbiz.de/10011689908
Persistent link: https://www.econbiz.de/10010314638
The European Central Bank (ECB) recently became engaged in macro-prudential policies and the micro …
Persistent link: https://www.econbiz.de/10011859161
The prolonged crisis exposed the vulnerability of a monetary union without a banking union. The Single Supervisory Mechanism (SSM), which started operating in November 2014, is an essential step towards restoring banks to health and rebuilding trust in the banking system. The ECB is today...
Persistent link: https://www.econbiz.de/10012521141
). Finally, we use bank fundamentals to estimate the cost of equity for unlisted banks. In general, unlisted banks are found to …
Persistent link: https://www.econbiz.de/10012521158
Jean-Claude Trichet deserves praise for fighting inflation and his handling of the financial crisis of 2007-2009. But his legacy is unfinished and we still have to see whether he will be the one who saved the euro. Important challenges remain for the incoming president. First, trust of citizens...
Persistent link: https://www.econbiz.de/10010293568
The Bank of England, the Federal Reserve (Fed) and the European Central Bank (ECB) have responded to the crisis with … exceptional initiatives resulting in a major increase in their balance sheets. After the ECB's end-2011 launch of three-year bank … differences remain: the Bank of England and Fed have mostly relied on large-scale purchases of government bonds, while the ECB has …
Persistent link: https://www.econbiz.de/10010293582