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Crisis Management and Resolution for a European Banking System

Giustiniani, Alessandro - 2010

This paper proposes an integrated crisis management and resolution framework for the EU's single banking market. It comprises a European Resolution Authority (ERA), armed with the mandate and the tools to deal cost-effectively with failing systemic cross-border banks, and is designed to address...

Persistent link: https://www.econbiz.de/10014409157

Cooperative Banks and Financial Stability

Cihák, Martin - 2007

Cooperative banks are an important, and growing, part of many financial systems. This paper empirically analyzes the role of cooperative banks in financial stability. Contrary to some suggestions in the literature, we find that cooperative banks are more stable than commercial banks. This...

Persistent link: https://www.econbiz.de/10012677846

Global Contagion of Financial Reforms

Li, Nan - 2024

We construct an extensive database of domestic financial reforms spanning 90 countries from 1973 to 2014. Utilizing this dataset, we estimate a structural model that incorporates various factors identified in the existing literature to explain the global contagion of financial reforms. Our...

Persistent link: https://www.econbiz.de/10015328259

Distress in European Banks

Poghosyan, Tigran - 2009

identified late, solutions are much more costly. Until recently, Europe has seen only a small number of outright bank failures …, which made the estimation of early warning models for bank supervision very difficult. This paper presents a unique database … of individual bank distress across the European Union from mid-1990s to 2008. Using this data set, we analyze the causes …

Persistent link: https://www.econbiz.de/10012677700

Corporate Financial Structure and Financial Stability

Stone, Mark R.; Davis, E. P. - International Monetary Fund (IMF) - 2004

This paper uses flow-of-funds and balance sheet data to analyze the impact of financial crises on corporate financing and GDP in a range of countries. Post-crisis GDP contractions are mainly accounted for by declines in investment and inventory and are more severe for emerging market countries....

Persistent link: https://www.econbiz.de/10005599642

A European Mandate for Financial Sector Supervisors in the EU

Fund, International Monetary - 2009

The EU is deliberating the introduction of an explicit ""European mandate"" for financial sector supervisors to supplement national mandates. Suggestions are made on (i) the formulation of a European mandate; (ii) the policy areas to which it should apply; (iii) which institutions should be given...

Persistent link: https://www.econbiz.de/10012677706

From Subprime Loans to Subprime Growth? Evidence for the Euro Area

Cihák, Martin - 2009

activity. We examine the linkages between the financial and real sectors in the euro area, finding that (i) bank loan supply … responds negatively to declines in bank soundness; (ii) a cutback in bank loan supply has a negative impact on economic …

Persistent link: https://www.econbiz.de/10012677755

Euro Area Monetary Policy in Uncharted Waters

Stavrev, Emil - 2009

We analyze the European Central Bank's (ECB's) response to the global financial crisis. Our results suggest that even …

Persistent link: https://www.econbiz.de/10012677859

Euro Area Sovereign Risk During the Crisis

Zoli, Edda - 2009

While the use of public resources is critical to cushion the impact of the financial crisis on the euro-area economy, it is key that the entailed fiscal costs not be seen by markets as undermining fiscal sustainability. From this perspective, to what extent do movements in euro area sovereign...

Persistent link: https://www.econbiz.de/10012677887

The Economics of Sovereign Debt, Bailouts, and the Eurozone Crisis

Gourinchas, Pierre-Olivier - 2023

during the Eurozone crisis. We propose a model to analyze and understand bailouts in a monetary union, and the large observed … bailout was to prevent an exit from the eurozone and possible contagion. Bailouts to avoid sovereign default were …

Persistent link: https://www.econbiz.de/10015059348