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The profitability of Italian banks depends, among other factors, on the strength of the ongoing economic recovery, the … resolving nonperforming loans (NPLs) and to foster banking sector consolidation. Improved profitability would enable banks to … and prospective earnings capacity of Italian banks. A bottom-up analysis of the 15 largest Italian banks suggests that the …
Persistent link: https://www.econbiz.de/10012977788
in domestic credit and M2. A new finding is that similar variables for other systemic countries – the UK and the Euro … Area – are also important, sometimes even more so, consistent with the dominant role of European banks in cross … also the cyclical impact of global liquidity, with sensitivities of flows to banks decreasing with stronger macroeconomic …
Persistent link: https://www.econbiz.de/10013053045
. Typically, stress tests have a positive impact on stressed banks' returns. While the 2009 U.S. stress test had a large positive …
Persistent link: https://www.econbiz.de/10013023274
Despite revisions to bank capital standards, fundamental shortcomings remain: the rules for setting capital requirements need to be simpler, and resolution should be an essential part of the capital requirement framework.We propose a new system of capital regulation that addresses these needs by...
Persistent link: https://www.econbiz.de/10013045939
. A bottom-up analysis of 386 Italian banks suggests that while profitability is expected to improve as the economy …
Persistent link: https://www.econbiz.de/10012932958
individual banks in Chile, an advanced emerging market economy …
Persistent link: https://www.econbiz.de/10013147114
Policymakers' uneasiness about granting independence to financial sector regulators stems to a large extent from the lack of familiarity with, and elusiveness of, the concept of accountability. This paper gives operational content to accountability and argues that it is possible to do so in a...
Persistent link: https://www.econbiz.de/10013318072
Using a panel data approach for two samples of listed and unlisted European banks, this paper provides evidence that … the literature. Banks change their dividend payouts because they would like to signal good profitability to shareholders … prudential supervisors and regulators to retain earnings. Banks are found not to discount expectations about future economic …
Persistent link: https://www.econbiz.de/10014239398
This paper aims to provide guidance to issuers of sovereign ESG bonds, with a focus on Emerging Market and Developing Economies (EMDEs). An overview of the ESG financing options available to sovereign issuers is followed by an analysis of the operational requirements and costs that the issuance...
Persistent link: https://www.econbiz.de/10014350469
The correlation bias refers to the fact that claim subordination in the capital structure of the firm influences claim holders' preferred degree of asset correlation in portfolios held by the firm. Using the copula capital structure model, it is shown that the correlation bias shifts shareholder...
Persistent link: https://www.econbiz.de/10013128782