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has partial control over bank regulation it can exercise regulatory lenience. Two, the Fed's stronger output orientation … procyclical capital regulation …
Persistent link: https://www.econbiz.de/10013141874
The market turmoil in March 2020 highlighted key vulnerabilities in the EU money market fund (MMF) sector. This paper assesses the effectiveness of the EU's regulatory framework from a financial stability perspective, based on a panel analysis of EU MMFs at a daily frequency. First, we find that...
Persistent link: https://www.econbiz.de/10014236736
We analyse the cross-border propagation of prudential regulation in the euro area. Using the Prudential Instruments …
Persistent link: https://www.econbiz.de/10012869770
countries, we find that: (i) competition-enhancing regulation is associated with a higher rate of firm churning; (ii) business … regulation can be indirectly associated, via its impact on business dynamism, with the somewhat weak productivity performance in …
Persistent link: https://www.econbiz.de/10012858445
Macroeconomic studies suggest that employment-output elasticities in the euro area increased during the recovery from the crisis, especially in those countries that implemented reforms. In this paper, we use micro (individual-level) data from the Eurostat Labour Force Survey to investigate...
Persistent link: https://www.econbiz.de/10013315346
using a sample of European securitization tranches issued in the period 2011-2021. European regulation is based on the …
Persistent link: https://www.econbiz.de/10014349343
benefit from environmental regulation. The effect is moderated by banks' own loan portfolio composition. Banks with a …. Overall, our results indicate that financial implications of regulation associated with climate change appear to be the main …
Persistent link: https://www.econbiz.de/10013405373
Financial asset prices contain a rich set of real-time information on the economy. To extract this information, it is crucial to understand the driving factors behind financial market developments. In this paper, we exploit daily cross-asset price movements in a sign-restricted BVAR model to...
Persistent link: https://www.econbiz.de/10013225754
We use EU sovereign bond yield and CDS spreads daily data to carry out an event study analysis on the reaction of government yield spreads before and after announcements from rating agencies (Standard & Poor's, Moody's, Fitch). Our results show: significant responses of government bond yield...
Persistent link: https://www.econbiz.de/10013124928
of disaggregation (6-digit HS) for 75 world exporters and importers over the period 2000-2011 …
Persistent link: https://www.econbiz.de/10013062212