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The European single market supported the creation of multinational banking groups. However, the European banking directives and the single license system were built along the model of the stand-alone bank and cannot keep pace with recent market developments. The national character of prudential...
Persistent link: https://www.econbiz.de/10013114138
confidential database on banks' bilateral exposure and employing a country-pair panel instrumental variables approach. Countries …
Persistent link: https://www.econbiz.de/10013141875
Global banks are changing. With a new set of rules come new business models. We review the international dimension of … regarding the amount of capital banks are required to hold, restrictions on maturity transformation on banks' balance sheets and … liquidity regulation will have distinctly different effects on the international organisation of banks. Liquidity regulation …
Persistent link: https://www.econbiz.de/10013081465
evidence reviewed suggests that foreign-owned banks are more efficient than domestic banks in developing countries, promote … tradeoffs, since foreign-owned banks can transmit external shocks and might not always expand access to credit. The record on …
Persistent link: https://www.econbiz.de/10012957838
The objectives of this paper are, first, to analyze whether banks' risk-taking can be explained by factors contributing … to implicit guarantees and by factors associated with banks' business models. Second, it analyzes how risk …-2009), to a period after the crisis (2010-2012). Third, it analyzes whether risk-taking behavior of banks in Europe differs from …
Persistent link: https://www.econbiz.de/10013060704
Post-crisis dynamics show a shrinkage in the overall amount of crossborder bank lending,which has been interpreted in the literature as a retreat in financial globalization. In this paper, we argue that aggregate figures are not sufficient to support such a claim in terms ofthe overall structure...
Persistent link: https://www.econbiz.de/10012942338
We show that the cross-autocorrelation also exists in the global CDS markets and develop an econometric model to capture the global correlation structure. We study implications on the credit risk transmission and contagion risk. We find four main results: (i) credit risk transmission is through...
Persistent link: https://www.econbiz.de/10013232360
Since the beginning of the financial crisis, multinational banks have been accused of being among the major causes of … such relationship on a sample of over 500 banks from 56 countries in the seven years before the beginning of the financial …
Persistent link: https://www.econbiz.de/10013089079
Persistent link: https://www.econbiz.de/10010506036
capital inflows improves (tightens) US dollar funding conditions for non-US global banks, leading them to increase (decrease …. Importantly, this synchronization is driven by non-US global banks' common but heterogenous exposure to US dollar funding … conditions, not by the common exposure of borrowing countries to non-US global banks. Our results identify a novel channel of …
Persistent link: https://www.econbiz.de/10012420240