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Banks' Portfolio of Government Debt and Sovereign Risk

Afonso, António; Alves, José; Monteiro, Sofia - 2023

banks' portfolio of public debt and reduces the percentage holdings in the case of central banks. Better sovereign ratings …

Persistent link: https://www.econbiz.de/10014469694

Firm Performance, Financial Institutions and Corporate Governance in the Netherlands

Chirinko, Robert S.; van Ees, Hans; Garretsen, Harry; … - 1999

This paper analyses the impact of share ownership, creditorship and networking by financial institutions on the performance of 94 Dutch non-financial firms in the period 1992-1996. We find a nonlinear relationship between firm performance and ownership by banks. Because of various defense...

Persistent link: https://www.econbiz.de/10010314940

What Slice of the Pie? The Corporate Bond Market Boom in Emerging Economies

Ayala, Diana; Nedeljkovic, Milan; Saborowski, Christian - 2017

This paper studies the determinants of shifts in debt composition among emerging market non-financial corporates. We show that the determinants of bond market access in EMs vary with global cyclical conditions and across local and foreign currency markets. We find that the role for institutions...

Persistent link: https://www.econbiz.de/10011615931

Cybercrime on the Ethereum Blockchain

Hornuf, Lars; Momtaz, Paul P.; Nam, Rachel J.; Yuan, Ye - 2023

We propose a taxonomy of cybercrime on the Ethereum blockchain and examine how cybercrime impacts victims' risk-taking and returns. Our difference-in-differences analysis of a sample of victims and matched non-victims suggests that victims increase their long-term total risk-taking and earn...

Persistent link: https://www.econbiz.de/10014377572

Cybercrime on the Ethereum Blockchain

Hornuf, Lars; Momtaz, Paul P.; Nam, Rachel J.; Yuan, Ye - 2023

We propose a taxonomy of cybercrime on the Ethereum blockchain and examine how cybercrime impacts victims’ risk-taking and returns. Our difference-in-differences analysis of a sample of victims and matched non-victims suggests that victims increase their long-term total risk-taking and earn...

Persistent link: https://www.econbiz.de/10014352598

Rating assignments: lessons from international banks

Caporale, Guglielmo Maria; Matousek, Roman; Stewart, Chris - 2009

This paper estimates ordered logit and probit regression models for bank ratings which also include a country index to … bank ratings assigned by Fitch Ratings are underpinned by fundamental quantitative financial analyses. Also, there is … strong evidence of a country effect. Our model is shown to provide accurate predictions of bank ratings for the period prior …

Persistent link: https://www.econbiz.de/10010264612

EU banks rating assignments: Is there heterogeneity between new and old member countries?

Caporale, Guglielmo Maria; Matousek, Roman; Stewart, Chris - 2010

We model EU countries' bank ratings using financial variables and allowing for intercept and slope heterogeneity. Our … assigned lower ratings, ceteris paribus, than 'old' ones. We find that country-specific factors (in the form of heterogeneous … intercepts) are a crucial determinant of ratings. Whilst 'new' EU countries typically have lower ratings than 'old' ones, after …

Persistent link: https://www.econbiz.de/10010270550

Omnimetrics and Awards

Frey, Bruno S. - 2017

The digital revolution has led to a quantification of ever more areas of human life and society. At the same time, there is an explosion of the number of awards, which by their very nature are based on non-quantified performance. Will quantification take over completely, leading to...

Persistent link: https://www.econbiz.de/10011744888

Monetary Interventions and the Rise of Non-Bank Lenders

Cafiso, Gianluca; Rivolta, Giulia - 2022

The amount of assets managed by non-bank lenders has increased significantly over the last decades. Our research aims to clarify whether such an increase has had any impact on the effectiveness of monetary policy. To this end, we consider several credit aggregates granted from bank and non-bank...

Persistent link: https://www.econbiz.de/10013427735

Financial Sector Development in Brunei Darussalam: Depth, Access, and Efficiency: A Comparative Analysis

Bhattacharyay, Biswa Nath; Bhattacharyay, Madhurima - 2022

Financial sector development plays an important role in promoting economic growth and welfare of the citizen of a country. On the other hand, financial sector instability or vulnerability, can adversely affect the economic growth and cause major disruptions in the country. This paper examines...

Persistent link: https://www.econbiz.de/10013427746