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Has the Comprehensive Assessment made the European financial system more resilient?

Calò, Silvia; Gregori, Wildmer Daniel; Petracco … - 2021

What has been the impact of the Comprehensive Assessment (CA) carried out by the ECB on banks' resilience? Implementing a difference-indifference approach, we analyse a non-risk based measure defined as the ratio of Tier 1 capital over total assets of European banks' balance sheets during the...

Persistent link: https://www.econbiz.de/10014278516

Strategic complementarity, fragility, and regulation

Vives, Xavier - 2011

disclosure or introducing a derivatives market may backfire, aggravating fragility (in particular when the asset side of a …

Persistent link: https://www.econbiz.de/10010277386

Accounting for financial stability: Lessons from the financial crisis and future challenges

Bischof, Jannis; Laux, Christian; Leuz, Christian - 2020

This paper examines banks' disclosures and loss recognition in the financial crisis and identifies several core issues for the link between accounting and financial stability. Our analysis suggests that, going into the financial crisis, banks' disclosures about relevant risk exposures were...

Persistent link: https://www.econbiz.de/10012290508

Bank instability: Interbank linkages and the role of disclosure

König-Kersting, Christian; Trautmann, Stefan T.; … - 2020

We study the impact of disclosure about bank fundamentals on depositors' behavior in the presence (and absence) of … disclosure is conducive to bank stability. We find that bank deposits are sensitive to perceived bank performance. While banks … with strong fundamentals benefit from more precise disclosure, an opposing effect is present for solvent banks with weaker …

Persistent link: https://www.econbiz.de/10012614208

Sustainability, Digital Transformation and Fintech: The New Challenges of the Banking Industry

Pérez, Andrea (contributor) - 2021

In the current competitive scenario, the banking industry must contend with multiple challenges tied to regulations, legacy systems, disruptive models/technologies, new competitors, and a restive customer base, while simultaneously pursuing new strategies for sustainable growth. Banking...

Persistent link: https://www.econbiz.de/10014323783

Systemic risk in the European Union: A network approach to banks' sovereign debt exposures

Westphal, Annika - In: International Journal of Financial Studies 3 (2015) 3, pp. 244-279

This paper draws on network theory to investigate European banks' sovereign debt exposures. Banks' holdings of sovereign debt build a network of financial linkages with European countries that exhibits a long-tail distribution of node degrees. A highly connected network core of 15 banks is...

Persistent link: https://www.econbiz.de/10011708983

Banking Internationalisation and the Expansion Strategies of European Banks to Brazil during the 1990s

de Paula, Luiz Fernando - 2002

This paper aims at analysing the determinants of the recent wave of European banks to Brazil under the context of the recent phase of banking internationalisation. In its first part, it analyses the process of banking internationalisation from both analytical and historical approach. Focusing on...

Persistent link: https://www.econbiz.de/10011689902

The relationship between distance-to-default and CDS spreads as measures of default risk for European banks

Ristolainen, Kim - 2015

CDS spreads are often used as market's view of credit risk. There is no popular alternative to it; perhaps only the distance-to-default measure based on Merton (1974) comes close to it. In this paper we investigate the relationship between these two measures for large European banks in post...

Persistent link: https://www.econbiz.de/10012503056

Convergence in non-performing loans across EU banks: The role of COVID-19

Aperges, Nikolaos - In: Cogent Economics & Finance 10 (2022) 1, pp. 1-8

Given the impact of the COVID-19 pandemic on the European real economy, European banks are likely expected to be confronted by a wave of non-performing loans. Focusing on a sample of large banks in the EU area over the pre and during the COVID-19 pandemic period, the analysis shows an extended...

Persistent link: https://www.econbiz.de/10015074344

Persuasion by stress testing: Optimal disclosure of supervisory information in the banking sector

Gick, Wolfgang; Pausch, Thilo - 2012

The game-theoretical analysis of this paper shows that stress tests that cover the entire banking sector (macro stress tests) can be performed by institutional supervisors to improve welfare. In a multi-receiver framework of Bayesian persuasion we show that a banking authority can create value...

Persistent link: https://www.econbiz.de/10010310946