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Boot, Arnoud W.A.; Ratnovski, Lev - Tinbergen Instituut - 2012

We study the effects of a bank’s engagement in trading. Traditional banking is relationship-based: not scalable, long … leads trading in banks to become increasingly risky, so that problems in managing and regulating trading in banks will …

Persistent link: https://www.econbiz.de/10011256147

The Effects of Liquidity Regulation on Bank Assets and Liabilities

Duijm, Patty; Wierts, Peter - Tinbergen Instituut - 2014

Under Basel III rules, banks become subject to a liquidity coverage ratio (LCR) from 2015 onwards, to promote short …

Persistent link: https://www.econbiz.de/10011256455

Risk Diversification by European Financial Conglomerates

Slijkerman, Jan Frederik; Schoenmaker, Dirk; Vries, … - Tinbergen Instituut - 2005

diversification within large banks and financial conglomerates. We discuss the limited value of the normal distribution based …We study the dependence between the downside risk of European banks and insurers. Since the downside risk of banks and … of the risk distribution. This measure is estimated and indicates better diversification benefits for conglomerates …

Persistent link: https://www.econbiz.de/10011255734

Ranking Systemically Important Financial Institutions

Dungey, Mardi; Luciani, Matteo; Veredas, David - Tinbergen Instituut - 2012

We propose a simple network–based methodology for ranking systemically important financial institutions. We view the risks of firms –including both the financial sector and the real economy– as a network with nodes representing the volatility shocks. The metric for the connections of the...

Persistent link: https://www.econbiz.de/10011255476

A Capital Adequacy Buffer Model

Allen, David; McAleer, Michael - Tinbergen Instituut - 2013

In this paper, we develop a new capital adequacy buffer model (CABM) which is sensitive to dynamic economic circumstances. The model, which measures additional bank capital required to compensate for fluctuating credit risk, is a novel combination of the Merton structural model which measures...

Persistent link: https://www.econbiz.de/10011255629

Incentives for Effective Risk Management

Daníelsson, Jón; Jorgensen, Bjørn N.; Vries, Casper G. de - Tinbergen Instituut - 2001

Under the new Capital Accord, banks choose between two different types of risk management systems, the standard or the …

Persistent link: https://www.econbiz.de/10011255855

The Political Economy of Financial Systems

Haber, Stephen; Perotti, Enrico - Tinbergen Instituut - 2008

This survey reviews the literature on the political economy of financial structure, broadly defined to include the size of capital markets and banking systems as well as the distribution of access to external finance across firms.The theoretical literature on the institutional basis for...

Persistent link: https://www.econbiz.de/10011255875

The Political Economy of Financial Fragility

Feijen, Erik; Perotti, Enrico - Tinbergen Instituut - 2005

While financial liberalization has in general favorable effects, reforms in countries with poor regulation is often followed by financial crises. We explain this variation as the outcome of lobbying interests capturing the reform process. Even after liberalization, market investors must rely on...

Persistent link: https://www.econbiz.de/10011255930

The Impact of Cross-Border Banking on Financial Stability

Schoenmaker, Dirk; Wagner, Wolf - Tinbergen Instituut - 2011

(NMS) are highly dependent on a few West-European banks and thus vulnerable to contagion effects. The Nordic and Baltic … regions are also much interwoven without much diversification. At the system-wide level, the EU banking system is weakly … financial crisis had such a large impact on European banks. …

Persistent link: https://www.econbiz.de/10011255982

Bank Deregulation, Competition and Economic Growth: The US Free Banking Experience

Ager, Philipp; Spargoli, Fabrizio - Tinbergen Instituut - 2013

find that the introduction of free banking laws stimulated the creation of new banks and led to more bank failures. Our …

Persistent link: https://www.econbiz.de/10011256043