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Verflechtungen zwischen Banken und Politikern werden hier am Beispiel ukrainischer Geschäftsbanken analysiert. Es zeigt sich, dass die "Nähe zur Politik" tendenziell einen dämpfenden Effekt auf die Entwicklung der Zinsmargen und einen positiven Effekt auf die Veränderung der...
Persistent link: https://www.econbiz.de/10011601732
Verflechtungen zwischen Banken und Politikern werden hier am Beispiel ukrainischer Geschäftsbanken analysiert. Es zeigt sich, dass die "Nähe zur Politik" tendenziell einen dämpfenden Effekt auf die Entwicklung der Zinsmargen und einen positiven Effekt auf die Veränderung der...
Persistent link: https://www.econbiz.de/10005070908
In March 2008, Malaysia’s political landscape was shaken by election results showing that the Barisan Nasional had won less than two thirds of the parliamentary seats and lost five states to the opposition. A two-thirds supermajority had been seen as a sacred threshold for the coalition to...
Persistent link: https://www.econbiz.de/10010739446
emerging market economies. Egypt and Ukraine are selected as comparative case studies representing middle-income developing … reforms are quite detrimental for Ukraine, but better weathered by the Egyptian economy, implying that emerging nations that …
Persistent link: https://www.econbiz.de/10014139527
Banks face two different kinds of moral hazard problems: asset substitution by shareholders (e.g., making risky, negative net present value loans) and managerial rent seeking (e.g., investing in inefficient “pet” projects and consuming perquisites that yield private benefits). The privately...
Persistent link: https://www.econbiz.de/10008657183
Persistent link: https://www.econbiz.de/10009504773
This paper reviews the state of the banking sector in Europe. At the aggregate level, the empirical data suggest that … capital position of the European banking system, using November 2013 stock market data. In the basic scenario to restore …. Another fallout of the financial crisis is an increase, though very modest, of concentration in banking in the distressed …
Persistent link: https://www.econbiz.de/10010231412
We propose the realized systemic risk beta as a measure for financial companies' contribution to systemic risk given network interdependence between firms' tail risk exposures. Conditional on statistically pre-identified network spillover effects and market as well as balance sheet information,...
Persistent link: https://www.econbiz.de/10010201170
makes banking inefficient. Better capitalized banks suffer fewer distortions in lending decisions and would perform better …
Persistent link: https://www.econbiz.de/10010203632
We develop a model of the joint capital structure decisions of banks and their borrowers. Strikingly high bank leverage emerges naturally from the interplay between two sets of forces. First, seniority and diversification reduce bank asset volatility by an order of magnitude relative to that of...
Persistent link: https://www.econbiz.de/10010259793