Showing 1 - 10 of 19
This paper aims to evaluate how the ex ante real interest rates of Euro area countries have been modified by the introduction of the euro. We use cointegration analysis with endogenous breaks in a panel data context. Our results show that the "euro effect" is significant in our sample and that...
Persistent link: https://www.econbiz.de/10005403429
Persistent link: https://www.econbiz.de/10013402191
This study examines the stock market valuation in terms of expected gains of mergers and acquisitions (M&As) amongst banks that were announced from 1991 to 2001 in 13 European markets. M&As are classified according to activity, geographic specialization or diversification. A bivariate GARCH...
Persistent link: https://www.econbiz.de/10005491214
Persistent link: https://www.econbiz.de/10005715910
Our study of 602 European banks over 1996-2002 investigates how the banks' expansion into fee-based services has affected their interest margins and loan pricing. We find that higher income share from commissions and fees is associated with lower margins and loan spreads. The higher the...
Persistent link: https://www.econbiz.de/10005201358
The purpose of this paper is to investigate the relationship between bank risk and product diversification in the changing structure of the European banking industry. Based on a broad set of European banks for the period 1996-2002, our study first shows that banks expanding into non-interest...
Persistent link: https://www.econbiz.de/10005213356
Persistent link: https://www.econbiz.de/10012061635
On the basis of quarterly data in 1977-87 and the use of the Engle-Granger method of co-integration, we find that real and financial factors, insolvency and illiquidity, are all important, separate influences on the defaults of French firms. We capture the effect of illiquidity by constructing...
Persistent link: https://www.econbiz.de/10005504522
Persistent link: https://www.econbiz.de/10010792012
[fre] L'article porte sur la demande de monnaie -mesurée au moyen d'agrégats larges -dans les quatre grands pays de la zone euro (Allemagne, Espagne, France et Italie) sur la période 1979-1999. Il cherche à répondre, en priorité, aux deux questions suivantes. 1/ Peut-on mettre en...
Persistent link: https://www.econbiz.de/10010977725