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institutional building steps as the Banking Union (BU) and Capital Markets Union (CMU). Their swift introduction suggests that BU …-effects materialised: 1) CMU twisted the balance against banking and in favour of financial markets; 2) BU is, de facto, weakening banking …
Persistent link: https://www.econbiz.de/10012153491
European supervisors aggressively requested more capital at large banks. That may cut credit to the economy. We confirm that especially larger banks cut loans while less-significant banks partly offset that credit drop. Moreover, we identify nasty spillovers from that interaction. Specifically,...
Persistent link: https://www.econbiz.de/10012507218
The book “New Cooperative Banking in Europe. Strategies for Adapting the Business Model Post Crisis”, edited by Marco … Migliorelli and published by Palgrave Macmillian in 2018, rigorously delves into the future of the European cooperative banking …
Persistent link: https://www.econbiz.de/10012891009
This paper empirically investigates the link between financial structure and income inequality. Using data for a panel of 97 economies over the period 1989-2012, we find that the relationship is not monotonic. Up to a point, more finance reduces income inequality. Beyond that point, inequality...
Persistent link: https://www.econbiz.de/10012896701
authors, most of them members of the Academic Board of the European Banking Institute, who participated in this academic work … close to returning to a new normal. The contributors also discuss the long-term implications for banking and financial … banking system? (Rainer Haselmann & Tobias Tröger)3. Lessons from the pandemic for European finance: a twin transformation …
Persistent link: https://www.econbiz.de/10013219020
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The Great Crisis that started in 2007 deeply affected banks throughout Europe. Using the assessments of the two global agencies that publish ratings of the financial strength of individual banks, we study whether the crisis hit European banks differently depending on their organizational...
Persistent link: https://www.econbiz.de/10013052601