Showing 141 - 150 of 375,994
Compared to the U.S., the euro area has been underperforming in the wake of the Great Financial Crisis (GFC). This holds especially true for peripheral euro area economies. Whereas the U.S. is characterised by a financial system dominated by arms’ length (capital-market oriented) interaction...
Persistent link: https://www.econbiz.de/10012051211
We establish basic facts about the external finance premium. Tens of millions of individual loan contracts extended to euro area firms allow studying the determinants of the external finance premium at the country, bank, firm, and contract levels of disaggregation. At the country level, the...
Persistent link: https://www.econbiz.de/10014527119
The creation of the Banking Union is likely to come with substantial implications for the governance of Eurozone banks … Banking Union. The relevant aspects directly relate to a fundamental question associated with the reallocation of the …
Persistent link: https://www.econbiz.de/10010510058
banks across both crises exploiting the specific institutional nature of the European banking system. We employ the … supported the banking sector with EUR 4.1 trillion using various support schemes and virtually all banks have raised capital … restore confidence in the banking sector …
Persistent link: https://www.econbiz.de/10013100403
Using a comprehensive dataset from German banks, we document the usage of sovereign credit default swaps (CDS) during the European sovereign debt crisis of 2008-2013. Banks used the sovereign CDS market to extend, rather than hedge, their long exposures to sovereign risk during this period....
Persistent link: https://www.econbiz.de/10012898392
The European banking system is not isomorphic. The differences can be traced to the differences in their local economy … development, legal origin, ownership status, corporate governance system, etc. The 2008 crises has found the banking system of … the banking system. The paper will address the issue of convergence of the banking system in Europe using a set of data …
Persistent link: https://www.econbiz.de/10013059200
The establishment of the Banking Union and the introduction of the European Single Rulebook seek to pave the way for a … single banking market and to break the nexus between banks and sovereigns. Ideally, banks should be subject to a common set … of rules and do business across the Banking Union without having to comply with different supervisory practices and …
Persistent link: https://www.econbiz.de/10012587341
Using a comprehensive dataset from German banks, we document the usage of sovereign credit default swaps (CDS) during the European sovereign debt crisis of 2008-2013. Banks used the sovereign CDS market to extend, rather than hedge, their long exposures to sovereign risk during this period....
Persistent link: https://www.econbiz.de/10013222131
In this paper, we analyze the importance of international banking models, along the operational and the funding … dimensions, for the decline in international positions of European banks since the crisis. Using BIS Consolidated Banking …
Persistent link: https://www.econbiz.de/10013213943
Banking Authority should have sufficient powers and resources to ensure that a system based on national supervision leads to …
Persistent link: https://www.econbiz.de/10012442946