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Regulation needs effective supervision; but regulated entities may deviate with unobserved actions. For identification, we analyze banks, exploiting ECB’s asset-quality-review (AQR) and supervisory security and credit registers. After AQR announcement, reviewed banks reduce riskier securities...
Persistent link: https://www.econbiz.de/10012214740
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Banking crises are recurrent phenomena, often induced by ex-ante excessive bank risk-taking, which may be due to … behavioral reasons (over-optimistic banks neglecting risks) and to agency problems between bank shareholders with debt … related to bank insiders' sale of their own bank shares in the period prior to 2006:Q2 (the peak and reversal in real estate …
Persistent link: https://www.econbiz.de/10012992331
Regulation needs effective supervision; but regulated entities may deviate with unobserved actions. For identification, we analyze banks, exploiting ECB's asset-quality-review (AQR) and supervisory security and credit registers. After AQR announcement, reviewed banks reduce riskier securities...
Persistent link: https://www.econbiz.de/10012833527
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Persistent link: https://www.econbiz.de/10014266723
We analyze the root causes of the current crisis by studying the determinants of bank lending standards in the Euro … Area using the answers from the confidential Bank Lending Survey, where national central banks request quarterly …-term interest rates on bank risk-taking, even when we instrument securitization. Moreover, short-term rates – directly and in …
Persistent link: https://www.econbiz.de/10013133801