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We build a stress testing framework to evaluate the sensitivity of banks' profitability to plausible but severe adverse macroeconomic shocks. Specifically, we test the resilience of French banks using supervisory data over the period 1993-2009. First, we identify the macroeconomic and financial...
Persistent link: https://www.econbiz.de/10013134966
The present paper investigates efficiency levels of commercial domestic versus foreign banks in France between 2000 and … 2007. Using Stochastic Frontier Analysis, we also shed light on the determinants of cost efficiency of 62 domestic and 40 … foreign banks. Our results indicate that foreign banks exhibit higher cost efficiency than domestic banks. This finding …
Persistent link: https://www.econbiz.de/10013090110
Using a broad dataset of individual consolidated data of French banks over the period 1993-2007, we seek to evaluate the sensitivity to adverse macroeconomic scenarios of the three main sources of banking income, namely interest margins, fees and commissions, and trading income. First, we show...
Persistent link: https://www.econbiz.de/10013141811
The present paper investigates the pass-through mechanism between market interest rates and bank interest rates using a panel of French banks based on new ESCB harmonised bank interest rate statistics (MIR: Monetary Interest Rates). The data are extracted from new individual contracts on a...
Persistent link: https://www.econbiz.de/10013137949
providing evidence based on the new institutional economics criteria of efficiency (i.e. cost or quality) that is relevant to … audit within the same institutional setting. We test the impact of joint audit on both audit costs proxied by audit fees or … impact of a mandatory joint audit. France is characterized by a long tradition of joint audit while Germany has always …
Persistent link: https://www.econbiz.de/10014174252
This article evaluates the quality of Internet banking services in France, and shows quality differences that result from underdevelopment of services such as "informational” or “customer relationships management” services. The certification process is then presented as a solution to...
Persistent link: https://www.econbiz.de/10013068633
The recent implementation of the Basel III framework has re-ignited the debate around the link between capital, performance and regulatory capital requirements in the banking sector. There is a dominant view in the earlier empirical literature in favor of a positive effect of capital on banking...
Persistent link: https://www.econbiz.de/10012989969
This paper studies cross-sectional heterogeneity in price-cost margins and the extent of rent sharing among 48 sectors and 10738 (mainly manufacturing) firms in France. At the sectoral level, the average price-cost mark-up and the average extent of rent sharing amount to 1.701 and 0.368...
Persistent link: https://www.econbiz.de/10003227220
We use matched firm-worker panel data from France and Norway to consider observationally equivalent alternatives to the hypothesis that firms share product market rents with their workers in the form of higher wages. After documenting the main stylized facts, we find that neither the main...
Persistent link: https://www.econbiz.de/10013320895