Showing 1 - 10 of 88
We use a Diamond/Dybvig-based model with two banks operating in separate regions connected by a common asset market in which banks and sophisticated depositors invest. We study the effect of a potential run (crisis) and subsequent fire sales on the asset price in both the crisis and no-crisis...
Persistent link: https://www.econbiz.de/10010433396
We use a unique data set that comprises each bank’s bids in the Eurosystem’s main refinancing operations and its … that a bank’s willingness-to-pay is a good indicator for the probability that this bank draws on the LOLR facility. Our …
Persistent link: https://www.econbiz.de/10010192732
concentration of credit relationships and the position of a bank in the network topology of the system influence the bank’s ability … by the individual banks in the European Central Bank’s (ECB) weekly repo auctions. The bids measure each bank …’s willingness to pay for liquidity since they had variable rate tenders with a “pay-your-bid” price. Controlling for bank …
Persistent link: https://www.econbiz.de/10010238510
banking services. Our dataset contains the stock holdings of each and every German bank and of their corresponding retail …
Persistent link: https://www.econbiz.de/10010202878
the proprietary bank-to-bank European interbank dataset extracted from Target2 and also exploit the Lehman and sovereign …
Persistent link: https://www.econbiz.de/10010471858
The global financial crisis underlined that sound and effective bank regulation is vital to financial stability … outbreak. The crisis reflected the failure of regulatory authorities to keep pace with financial innovation. Bank supervision … had been weak by any measure. Supervisors did not conduct regular onsite bank inspections or examinations of sufficient …
Persistent link: https://www.econbiz.de/10013009689
In a theoretical model of the Diamond-Dybvig style, in which deposit-taking banks and financial markets coexist, bank … findings suggest that in particular bank-dominated financial systems are prone to contagious bank runs due to asset price … buffers to weather future crises if the ex-ante crisis probability exceeds a certain threshold. Moreover, central bank …
Persistent link: https://www.econbiz.de/10010344668
not sufficiently restrain monopoly rents already. Thus, our results suggest that in Germany's bank-dominated financial …
Persistent link: https://www.econbiz.de/10002917590
rents already. Thus our results suggest that in the bank-dominated financial system of Germany, in which banks intensely …
Persistent link: https://www.econbiz.de/10003079140
We use a Diamond/Dybvig-based model with two banks operating in separate regions connected by a common asset market in which banks and sophisticated depositors invest. We study the effect of a potential run (crisis) and subsequent fire sales on the asset price in both the crisis and no-crisis...
Persistent link: https://www.econbiz.de/10012988724