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Beyond ROE : how to measure bank performance (appendix to the report on EU banking structures)

European Central Bank - 2010

What is an acceptable level of return on equity (RoE) for a bank? This question is likely to play a pivotal role in the post-crisis debate among banking executives, investors and regulators. Following the spectacular losses in the financial crisis and the massive government intervention, there...

Persistent link: https://www.econbiz.de/10015310822

Network effects, homogeneous goods and international currency choice : new evidence on oil markets from an older era; N° 1651 / March 2014

Eichengreen, Barry (contributor); Chiţu, Livia (contributor) - European Central Bank - 2014

Conventional wisdom has it that network effects are strong in markets for homogenous goods, leading to the dominance of one settlement currency in such markets. The alleged dominance of the dollar in global oil markets is said to epitomize this phenomenon. We question this presumption with...

Persistent link: https://www.econbiz.de/10015301369

Identifying hubs and spokes in global supply chains using redirected trade in value added : N°1670, April 2014

Lejour, Arjan (contributor); … - European Central Bank - 2014

Persistent link: https://www.econbiz.de/10015301944

Asymmetric monetary policy spillovers : the role of supply chains, credit networks and fear of floating

Mistak, Jakub (contributor); Ozkan, F. Gulcin (contributor) - European Central Bank - 2024

This paper examines the asymmetry in global spillovers from Fed policy across tightening versus easing episodes several examples of which have been on display since the global financial crisis (GFC). We build a dynamic general equilibrium model featuring: (i) occasionally binding collateral...

Persistent link: https://www.econbiz.de/10015320891

Mapping competitive pressure between China and EU countries

Benkovskis, Konstantins (contributor); … - European Central Bank - 2014

years will lead to intensified competition over existing consumer markets. Hence, we see a growing need for in … conclude that European exporters should be encouraged not only to enter new markets in order to withstand competition from …

Persistent link: https://www.econbiz.de/10015301853

Competition and bank risk : the effect of securitization and bank capital; N°1678, May 2014

Marques-Ibanez, David (contributor); … - European Central Bank - 2014

augmented the effect of competition on realized bank risk (i.e. more intense competition and greater use of securitization is … impact of competition on realized risk. It follows that cooperation between supervisory and competition authorities is …

Persistent link: https://www.econbiz.de/10015301929

Micro-based evidence of EU competitiveness : the CompNet database; N° 1634 / February 2014

European Central Bank; CompNet Task Force - 2014

Drawing from confidential firm-level balance sheets in 11 European countries, the paper presents a novel sectoral database of comparable productivity indicators built by members of the Competitiveness Research Network (CompNet) using a newly developed research infrastructure. Beyond aggregate...

Persistent link: https://www.econbiz.de/10015302472

Bank bailouts and competition : did TARP distort competition among sound banks?

Koetter, Michael (contributor); Noth, Felix (contributor) - European Central Bank - 2015

This study investigates if the Troubled Asset Relief Program (TARP) distorted price competition in U.S. banking …

Persistent link: https://www.econbiz.de/10015299018

Assessing European firms' exports and productivity distributions : the CompNet trade module

Berthou, Antoine (contributor); Dhyne, Emmanuel (contributor) - European Central Bank - 2014

This paper provides a new cross-country evaluation of competitiveness, focusing on the linkages between productivity and export performance among European economies. We use the information compiled in the Trade module of CompNet to establish new stylized facts regarding the joint distributions...

Persistent link: https://www.econbiz.de/10015301279

Does product market competition reduce inflation? Evidence from EU countries and sectors

Przybyla, Marcin; Roma, Moreno - European Central Bank - 2005

In this paper we explore the link between the intensity of product market competition and inflation rates across EU … over time and as alternative proxies of competition we use the level of mark-up, profit margin, the profit rate and a … survey based “intensity of competition” variable. Results for both aggregate and sectoral panels show that the extent of …

Persistent link: https://www.econbiz.de/10005530819