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find neutral impact for developing countries. Moreover, our results hold when we apply different measures for bank risk …
Persistent link: https://www.econbiz.de/10013002804
could be implemented to compute bank-specific capital surcharges for systemic risk or stabilisation fees. We find that size … alone is not a reliable proxy for the systemic importance of a bank in this framework. In order to smooth cyclical …
Persistent link: https://www.econbiz.de/10012989230
' risk is shaped through several channels like bank size, the share of foreign bank assets, banking sector competition and …
Persistent link: https://www.econbiz.de/10012933123
Are bank resolution regimes effective enough to improve financial stability? We look at the effect of the new bank …
Persistent link: https://www.econbiz.de/10013293062
The failure to spot emerging systemic risk and prevent the current global financial crisis warrants a reexamination of the approach taken so far to crisis prevention. The paper argues that financial crises can be prevented, as they build up over time due to policy mistakes and eventually erupt...
Persistent link: https://www.econbiz.de/10013145394
Persistent link: https://www.econbiz.de/10011790739
. Since the establishment of the Banking Union in 2014, the European Central Bank (ECB) can impose stricter regulations than … bank's contribution to systemic risk (SRISK) at the national and the euro-area level. Our research delivers three main …, an exploration of the drivers of systemic risk shows that a bank’s contribution to systemic risk is positively related to …
Persistent link: https://www.econbiz.de/10011640989
increase in contagion among banks. The increase in bank contagion is most severe during periods of market illiquidity. Further …, my cross-sectional analyses suggest that increased bank contagion associated with fair value accounting is more likely to …
Persistent link: https://www.econbiz.de/10013121413
sources of systemic risk: (i) linkages between local banks, and (ii) linkages between a foreign par- ent bank and its local … foreign parent bank to its local subsidiary is substantially smaller than the risk between two local banks. …
Persistent link: https://www.econbiz.de/10010344152
We propose a methodology for measuring the market-implied capital of banks by subtracting from the market value of equity (market capitalization) a credit-spread-based correction for the value of shareholders' default option. We show that without such a correction, the estimated impact of a...
Persistent link: https://www.econbiz.de/10013168743