This article analyses the economics of financing banking supervision and attempts to respond to two questions: What are the most common financing practices? Can the differences in current financing practices be explained by country specific factors? We perform an empirical analysis that...

Artículo de revista ; Our article presents the short term changes in bank risk profiles before and after domestic banks M&As that took place before the present crisis (1986-2007) based on different exante and ex-post measures of risk. Our results control for potential selection bias and show...

Artículo de revista

Incluye bibliografía ; European finance is becoming increasingly cross-border, while the European architecture for safeguarding financial stability –including decision-making processes for providing financial-stability public goods– have remained decentralized with some explicit mechanisms...

This paper focuses on market discipline as a necessary condition to preserve the signaling content of balance sheet indicators and market prices as macroprudential tools. It argues that market discipline enhances the information content of market prices by reflecting the expected private cost of...

La pertenencia de la UE se ha convertido en el objetivo mas importante de los paises del centro y este de Europa. Por otra parte, su eventual integracion ya ha sido tenida en cuenta por el Consejo Europeo. En este contexto, el papel presenta los progresos sustanciales realizados por estos paises...

In spite of the conspicuous use of the Internet as a delivery channel, there is a relative dearth of empirical studies that provide a quantitative analysis of the impact of the Internet on banks´ financial performance. This paper attempts to fill this gap by identifying and estimating the...

Over the past years, several countries around the world have adopted a system of prudential prompt corrective action (PCA). The European Union countries are being encouraged to adopt PCA by policy analysts who explicitly call for its adoption. To date, most of the discussion on PCA has focused...

Incluye bibliografía ; This paper presents a stylized mechanism aimed at dealing with the cross border agency problems that arise in supervising and resolving cross border banking groups in the European Union (EU). The authors assume that PCA policies have been implemented by the national...