Narrow search
Showing 1 - 10 of 257
Cover Image
Financial contagion and the real economy
Baur, Dirk G. - In: Journal of Banking & Finance 36 (2012) 10, pp. 2680-2692
financial contagion across countries and sectors and finds that the crisis led to an increased co-movement of returns among …
Persistent link: https://www.econbiz.de/10010595301
Cover Image
Macro-Networks: An application to euro area financial accounts
Castrén, Olli; Rancan, Michela - In: Journal of Banking & Finance 46 (2014) C, pp. 43-58
This paper develops a financial network, designated the “Macro-Network”, that depicts the connections between the main financial and non-financial sectors of the economy in the various financial instruments of the euro area. The Macro-Network comprises of linkages across financial and...
Persistent link: https://www.econbiz.de/10011065655
Cover Image
Bank/sovereign risk spillovers in the European debt crisis
De Bruyckere, Valerie; Gerhardt, Maria; Schepens, Glenn; … - In: Journal of Banking & Finance 37 (2013) 12, pp. 4793-4809
This paper investigates contagion between bank and sovereign default risk in Europe over the period 2007–2012. We … define contagion as excess correlation, i.e. correlation between banks and sovereigns over and above what is explained by … contagion by analyzing bank-specific as well as country-specific variables and their interaction. Using the EBA’s disclosure of …
Persistent link: https://www.econbiz.de/10010709495
Cover Image
Impact of the financial crisis on bank run risk – Danger of the days after
Goedde-Menke, Michael; Langer, Thomas; Pfingsten, Andreas - In: Journal of Banking & Finance 40 (2014) C, pp. 522-533
We examine the developments of depositor knowledge, attitudes, and behavior throughout the recent financial crisis and discuss their impact on bank run risk. Based on a self-collected data set surveying depositors before (2007), at (2008), and after the peak of the crisis (2009), we observe a...
Persistent link: https://www.econbiz.de/10010738288
Cover Image
A theoretical model of bank lending: Does ownership matter in times of crisis?
Brei, Michael; Schclarek, Alfredo - In: Journal of Banking & Finance 50 (2015) C, pp. 298-307
The present study investigates theoretically the lending responses of government-owned and private banks in the event of unexpected financial shocks. Our model predicts that public banks provide more loans to the real sector during times of crisis, compared to private banks which cut down on...
Persistent link: https://www.econbiz.de/10011118096
Cover Image
The performance of banks around the receipt and repayment of TARP funds: Over-achievers versus under-achievers
Cornett, Marcia Millon; Li, Lei; Tehranian, Hassan - In: Journal of Banking & Finance 37 (2013) 3, pp. 730-746
In this paper, we look at how the pre-crisis health of banks is related to the probability of receiving and repaying TARP capital. We find that financial performance characteristics that are related to the probability of receiving TARP funds differ for the healthiest (“over-achiever”) versus...
Persistent link: https://www.econbiz.de/10011065566
Cover Image
A perspective on the symptoms and causes of the financial crisis
Cabral, Ricardo - In: Journal of Banking & Finance 37 (2013) 1, pp. 103-117
Prior to the 2007–2008 financial crisis, banking sector profits were very high but the profitability of financial intermediation was poor. Using a novel model of banking, this article argues that the high profits were achieved through balance sheet expansion and growing default, liquidity, and...
Persistent link: https://www.econbiz.de/10010591916
Cover Image
Liquidity, leverage, and Lehman: A structural analysis of financial institutions in crisis
Chen, Ren-Raw; Chidambaran, N.K.; Imerman, Michael B.; … - In: Journal of Banking & Finance 45 (2014) C, pp. 117-139
This paper presents a flexible, lattice-based structural credit risk model that uses equity market information and a detailed depiction of a financial institution’s liability structure to analyze default risk. The model is applied to examine the term structure of default probabilities for...
Persistent link: https://www.econbiz.de/10010943179
Cover Image
Which financial stocks did short sellers target in the subprime crisis?
Hasan, Iftekhar; Massoud, Nadia; Saunders, Anthony; … - In: Journal of Banking & Finance 54 (2015) C, pp. 87-103
Tracing the SEC ban on the short selling of financial stocks in September 2008, this paper investigates whether such selling activity before the 2008 short ban reflected financial companies’ risk exposure in the subprime crisis. Evidence suggests that short sellers sold short stocks that had...
Persistent link: https://www.econbiz.de/10011264658
Cover Image
On the importance of indirect banking vulnerabilities in the Eurozone
Bicu, Andreea; Candelon, Bertrand - In: Journal of Banking & Finance 37 (2013) 12, pp. 5007-5024
financial integration and a reduction in cross-border assets in the hope of limiting international contagion. By differentiating …
Persistent link: https://www.econbiz.de/10010709500