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Banking regulation with risk of sovereign default

D'Erasmo, Pablo N.; Livshits, Igor; Schoors, Koen - 2019

Banking regulation routinely designates some assets as safe and thus does not require banks to hold any additional … examples of banking regulation treating domestic government bonds as "safe," even when there is clear risk of default on these …). A sovereign default in this environment then results in a banking crisis. Critically, we show that permitting banks to …

Persistent link: https://www.econbiz.de/10012058909

Sovereign Debt

Martinez, Leonardo; Roch, Francisco; Roldán, Francisco; … - 2022

This paper surveys the literature on sovereign debt from the perspective of understanding how sovereign debt differs from privately issue debt, and why sovereign debt is deemed safe in some countries but risky in others. The answers relate to the unique power of the sovereign. One the one hand,...

Persistent link: https://www.econbiz.de/10014081238

Domestic Banks as Lightning Rods? Home Bias During the Eurozone Crisis

Saka, Orkun - 2017

Governments and domestic banks in Europe have attracted criticism due to the heightening inclination of banks to hold more local sovereign debt in the midst of the crisis. This has traditionally been interpreted as an evidence of financial repression or moral suasion. By using a novel dataset on...

Persistent link: https://www.econbiz.de/10012962855

Domestic Banks as Lightning Rods? Home Bias and Information During Eurozone Crisis

Saka, Orkun - 2019

European banks have been criticized for holding excessive domestic government debt during economic downturns, which may have intensified the diabolic loop between sovereign and bank credit risks. By using a novel bank-level dataset covering the entire timeline of the Eurozone crisis, I first...

Persistent link: https://www.econbiz.de/10012893375

Domestic Banks as Lightning Rods? Home Bias and Information during Eurozone Crisis

Saka, Orkun - 2018

Persistent link: https://www.econbiz.de/10012935285

Domestic Banks as Lightning Rods? Home Bias and Information During the Eurozone Crisis

Saka, Orkun - 2019

European banks have been criticized for holding excessive domestic government debt during the recent Eurozone crisis, which may have intensified the diabolic loop between sovereign and bank credit risks. By using a novel bank-level dataset covering the entire timeline of the Eurozone crisis, I...

Persistent link: https://www.econbiz.de/10012859050

Were U.S. Banks Exposed to the Greek Debt Crisis?

Cornett, Marcia Millon - 2015

This study provides an empirical analysis of the impact of the Greek debt crisis on stock returns of U.S. commercial banks. We find that good (bad) news events pertaining to the Greek debt crisis, identified by large changes in the Greek CDS spread, produce insignificant positive (negative)...

Persistent link: https://www.econbiz.de/10013025329

Domestic Banks as Lightning Rods? Home Bias During the Eurozone Crisis

Saka, Orkun - 2018

European banks have been criticized for holding excessive domestic government debt during economic downturns, which has been interpreted as indicative evidence of moral suasion. By using a novel bank-level dataset covering the entire timeline of the eurozone crisis, I first re-confirm that the...

Persistent link: https://www.econbiz.de/10012917891

Toss a stablecoin to your banker : stablecoins' impact on banks' balance sheets and prudential ratios

Coste, Charles-Enguerrand - 2024

This paper explores the relationship between banks and stablecoins and their issuers, focusing on the mechanical effects on banks' capital and liquidity ratios when issuing stablecoins or collecting deposits from stablecoin issuers. The analysis reveals that converting retail deposits into...

Persistent link: https://www.econbiz.de/10014583751

Banking regulation with risk of sovereign default

D'Erasmo, Pablo N.; Livshits, Igor; Schoors, Koen - 2019

Persistent link: https://www.econbiz.de/10012026148

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