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Analyzing Systemic Risk of the European Banking Sector

Acharya, Viral V. - 2012

Since the summer of 2007, the financial system has faced two major systemic crises. European banks have been at the center of both crises, particularly of the European sovereign debt crisis. This article analyzes systemic risk of European banks across both crises exploiting the specific...

Persistent link: https://www.econbiz.de/10013100403

The Effects of Global Financial Crisis on the Behaviour of European Banks : A Risk and Profitability Analysis Approach

Eken, Mehmet Hasan - 2013

The effects of global financial crisis have been severe on banks. Many banks went bankrupt and many are in distress due to their sensitivities, stored in their balance sheets, to financial risks enlarged by the crisis. Some of banks, on the other hand, have felt the effects slightly. Recalling...

Persistent link: https://www.econbiz.de/10013082809

Systemic Risk Rankings and Network Centrality in the European Banking Sector

Bruyckere, Valerie De - 2015

This paper presents a methodology to calculate the Systemic Risk Ranking of financial institutions in the European banking sector using publicly available information. The proposed model makes use of the network structure of financial institutions by including the stock return series of all...

Persistent link: https://www.econbiz.de/10013014960

The Impact of Government Ownership on Banks’ Ratings : Evidence from the European Banking Industry

Sironi, Andrea - 2009

We evaluate the impact of government ownership on the issuer and individual ratings of a sample of 224 large European banks over the 1999-2004 period. Individual ratings differ from traditional ones in that they focus on banks' economic and financial conditions and do not take into account any...

Persistent link: https://www.econbiz.de/10013155225

How Banks Respond to Distress : Shifting Risks in Europe’s Banking Union

Mink, Mark - 2020

This paper uses granular bond portfolio data to study how banking systems across the European Union (EU) adjust their asset holdings in response to regulatory solvency shocks. We also study the impact of these shocks at financial intermediaries on the prices of bonds in their portfolio. Despite...

Persistent link: https://www.econbiz.de/10012842368

How banks respond to distress : Shifting risks in Europe's banking union

Mink, Mark - 2020

Persistent link: https://www.econbiz.de/10012842434

How Banks Respond to Distress : Shifting Risks in Europe’s Banking Union

Mink, Mark - 2020

Persistent link: https://www.econbiz.de/10012843377

Bank Use of Sovereign CDS in the Eurozone Crisis : Hedging and Risk Incentives

Acharya, Viral V. - 2019

protection selling in CDS, the effect being weaker when sovereign risk is high. Bank and country risk variables are mostly not … building a complete picture and understanding fully the economic drivers of the bank-sovereign nexus of risk …

Persistent link: https://www.econbiz.de/10012898392

The Sensitivity of European Bank Stocks to German Interest Rates Changes

Stevenson, Simon - 2016

This study examines the cross-border impact of central bank interest rate changes, using the example of the German … Bundesbank. We examine the price impact of rate changes on both the general stock markets and on bank stocks in seven other … transfers. Both nonGerman bank stocks and general equities react significantly to a large number of the Bundesbank rate changes …

Persistent link: https://www.econbiz.de/10013004319

The Impact of Sovereign Rating News on European Banks

Caselli, Stefano - 2016

-zone sovereign rating changes announced by Standard and Poor's, Moody's, and Fitch on domestic bank share prices in the period 2002 …-2012. This spillover effect appears strongly negative in the case of downgrades, but insignificant for upgrades. Bank losses …, Italy, Greece, and Spain). Surprisingly, announcement of sovereign negative credit watches results in increased bank stock …

Persistent link: https://www.econbiz.de/10013007337