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Interactions between bank levies and corporate taxes : how is the bank leverage affected?

Bremus, Franziska; Schmidt, Kirsten; Tonzer, Lena - 2019

Regulatory bank levies set incentives for banks to reduce leverage. At the same time, corporate income taxation makes … funding through debt more attractive. In this paper, we explore how regulatory levies affect bank capital structure, depending … on corporate income taxation. Based on bank balance sheet data from 2006 to 2014 for a panel of EU-banks, our analysis …

Persistent link: https://www.econbiz.de/10012132607

Equity versus bail-in debt in banking : an agency perspective

Mendicino, Caterina; Nikolov, Kalin; Suárez, Javier - 2017

We examine the optimal size and composition of banks' total loss absorbing capacity (TLAC). Optimal size is driven by the trade-off between providing liquidity services through deposits and minimizing deadweight default costs. Optimal composition (equity vs. bail-in debt) is driven by the...

Persistent link: https://www.econbiz.de/10011978192

Financial stability challenges for EU acceding and candidate countries : making financial systems more resilient in a challenging environment

2012

Persistent link: https://www.econbiz.de/10011627089

Banks' maturity transformation : risk, reward, and policy

Bologna, Pierluigi - 2018

The aim of this paper is twofold: first, to study the determinants of banks' net interest margin with a particular focus on the role of maturity transformation, using a new measure of maturity mismatch; second, to analyse the implications for banks of the relaxation of a binding prudential limit...

Persistent link: https://www.econbiz.de/10011848358

Assessing shadow banking : non-bank financial intermediation in Europe

Grillet-Aubert, Laurent; Haquin, Jean-Baptiste; … - 2016

Owing to the disruptive events in the shadow banking system during the global financial crisis, policymakers and regulators have sought to strengthen the monitoring framework and to identify any remaining regulatory gaps. In accordance with its mandate, the European Systemic Risk Board (ESRB)...