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Retrenchment of euro area banks and international banking models

Argimón, Isabel; Fernández Ortiz, Elena; … - 2020

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 Statistics, we find that the multinational model (higher...

Persistent link: https://www.econbiz.de/10012312194

Sovereign risk and bank lending : theory and evidence from a natural disaster

Başkaya, Yusuf Soner; Hardy, Bryan; Kalemli-Ozcan, Sebnem - 2023

We quantify the sovereign-bank doom loop by using the 1999 Marmara earthquake as an exogenous shock leading to an increase in Turkey's default risk. Our theoretical model illustrates that for banks with higher exposure to government securities, a higher sovereign default risk implies lower net...

Persistent link: https://www.econbiz.de/10013536288

International Capital Mobility and Financial Fragility - Part 1. Drivers of Systemic Banking Crises: The Role of Bank-Balance-Sheet Contagion and Financial Account Structure

Ahrend, Rudiger; Goujard, Antoine - Economics Department, Organisation de Coopération et … - 2012

This paper examines whether the composition of a country’s external liabilities and assets has an incidence on its risk of suffering financial turmoil. Particular emphasis is put on the role of international financial integration, using newly-constructed measures of contagion shocks. These new...

Persistent link: https://www.econbiz.de/10009351419

Heterogeneity of the determinants of euro-area sovereign bond spreads; what does it tell us about financial stability?

Georgoutsos, Dimitris A.; Migiakis, Petros - Bank of Greece - 2012

In this paper we assess the movements of euro area sovereign bond yield spreads vis-à-vis the German Bund as processes specified across different levels of volatility and subject to movements in asset prices and economic conditions. The determinants we use are grouped into domestic and...

Persistent link: https://www.econbiz.de/10010855046

THE CAPITAL FLOWS IMPACT ON THE STABILITY OF THE FINANCIAL SYSTEMS

Ioana, Coroiu Sorina; Tiberiu, Albulescu Claudiu - In: Annals of Faculty of Economics 3 (2009) 1, pp. 527-532

Capital account liberalization represents a frequent decision taken by the emergent countries in their integration process to the global economy. For the European Union members states, this is a necessary measure. If the capital flows assures the necessar

Persistent link: https://www.econbiz.de/10008511823

Heterogeneity of the determinants of euro-area sovereign bond spreads; what does it tell us about financial stability?

Georgoutsos, Dimitris A.; Migiakis, Petros M. - In: Journal of Banking & Finance 37 (2013) 11, pp. 4650-4664

In this paper, we assess the movements of euro area sovereign bond yield spreads vis-à-vis the German Bund as processes specified across different levels of volatility and subject to movements in asset prices and economic conditions. The determinants we use are grouped into domestic and...

Persistent link: https://www.econbiz.de/10011065635

International financial integration of Mediterranean economies : A bird’s-eye view

Peeters, Marga; Sabri, Nidal Rachid - Volkswirtschaftliche Fakultät, … - 2012

In light of the unprecedented developments in the financial sectors of developed economies in the years 2008-2009 and in view of the current political Arab upheaval, this paper reviews the pros and cons of financial integration of the South-Mediterranean region. Our analyses includes Morocco,...

Persistent link: https://www.econbiz.de/10011257867

Sovereign risk and bank lending: Theory and evidence from a natural disaster

Başkaya, Yusuf Soner; Hardy, Bryan; Kalemli-Ozcan, Şebnem - 2023

Persistent link: https://www.econbiz.de/10014388415

Sector Integration and the Benefits of Global Diversification

Ratner, Mitchell - 2016

investors to achieve effective diversification. This research investigates international stock market correlation, and assesses … whether global diversification on a sector basis is beneficial to U.S. investors. This analysis includes 38 developed and … emerging stock markets from 1981-2000. In addition to demonstrating a potential loss of diversification benefits, this paper …

Persistent link: https://www.econbiz.de/10013004391

FINANCIAL STABILITY - THE PRE-REQUISIT OF A SUCCESSFUL FINANCIAL ACTIVITY

Emil, Chirila - In: Annals of Faculty of Economics 1 (2012) 1, pp. 671-677

Essential component of social life, the economic activity is faced with the problems of permanent balance. General economic balance implies the existence of a correspondence between needs for material goods and goods possibly available; needs for labor force and manpower available; needs for...

Persistent link: https://www.econbiz.de/10010607229