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Displaying results 1 to 5 of 5.

  1. Euro area banks' market power, lending channel and stability
    the effects of negative policy rates
    Author: Altunbaş, Yener; Avignone, Giuseppe; Kok Sørensen, Christoffer; Pancaro, Cosimo
    Published: [2023]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    This paper investigates to what extent the introduction of negative monetary policy rates altered the competitive behaviour in the euro area banking sector. Specifically, it analyses the effect that negative policy rates had on euro area banks'... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 534
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    This paper investigates to what extent the introduction of negative monetary policy rates altered the competitive behaviour in the euro area banking sector. Specifically, it analyses the effect that negative policy rates had on euro area banks' market power in comparison to banks that have not been subject to negative rates. The analysis, considering a sample of 4,223 banks over the period 2011-2018 and relying on a difference-in-differences methodology, finds that negative monetary policy rates led to an increase in euro area banks' market power. Furthermore, it shows that, during the negative interest rate policy period, change in banks' competitive behaviour affected the bank lending channel and discouraged banks from taking excessive risks.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289959865
    Other identifier:
    hdl: 10419/278366
    Series: Working paper series / European Central Bank ; no 2790 (February 2023)
    Subjects: NIRP; Lerner index; Bank lending channel; Bank Stability; DiD
    Scope: 1 Online-Ressource (circa 52 Seiten), Illustrationen
  2. Home bias in sovereign exposure and the probability of bank default
    evidence From EU stress test data
    Author: Meyland, Dominik; Schäfer, Dorothea
    Published: April, 2021
    Publisher:  Verein für Socialpolitik, [Köln]

    Since the European debt crisis economists and politicians discuss intensively the sovereign-bank nexus. The high activity in sovereign bond issuance required to mitigate the burden of the Covid19 crisis will rather intensify this debate than calm it... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DSM 13
    Inter-library loan:
    No inter-library loan

     

    Since the European debt crisis economists and politicians discuss intensively the sovereign-bank nexus. The high activity in sovereign bond issuance required to mitigate the burden of the Covid19 crisis will rather intensify this debate than calm it down. Surprisingly, however, we still have only limited knowledge about the impact of a home bias in sovereign exposure on bank stability. This paper provides a new way to use European stress test data to study this relationship. In addition, we explore the effect on a bank's probability of default if the existing capital requirement privilege for EU sovereign exposures were abolished. Our results support the conceptual idea behind the nexus theory. Interestingly, the effect of a home bias on bank stability is contingent on the home country's solvency. If the home country is sufficiently solvent, investments in home sovereign bonds may improve bank stability. The findings clearly support the benefits of additional CET1 capital buffers. Regulation focusing on the home bias should account for heterogeneous effects depending on the home country's solvency

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/242453
    Series: Jahrestagung 2021 / Verein für Socialpolitik ; 130
    Subjects: Home Bias; Sovereign Bonds; Bank Stability; Equity Requirements; Financial Regulation
    Scope: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  3. Advanced questions of equity regulation in modern banking systems
    Author: Blochinger, Daniel
    Published: [2021?]

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    Universitätsbibliothek Braunschweig
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    Staats- und Universitätsbibliothek Bremen
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    Universitätsbibliothek Clausthal
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    Fachhochschule Erfurt, Hochschulbibliothek
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    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    Universitäts- und Landesbibliothek Sachsen-Anhalt / Zentrale
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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
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    Technische Universität Hamburg, Universitätsbibliothek
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    Bibliothek der Hochschule Hannover
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    Bibliothek im Kurt-Schwitters-Forum
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    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Zentrale Hochschulbibliothek Lübeck
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    Leuphana Universität Lüneburg, Medien- und Informationszentrum, Universitätsbibliothek
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    Hochschule Magdeburg-Stendal, Hochschulbibliothek
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    Hochschule Osnabrück, Bibliothek Campus Westerberg
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    Hochschule Magdeburg-Stendal, Standort Stendal, Bibliothek
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    Universität Ulm, Kommunikations- und Informationszentrum, Bibliotheksservices
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    UB Weimar
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    Content information
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Dissertation
    Format: Online
    Other identifier:
    Subjects: Banks and banking; Equity; Bankenaufsicht; Eigenkapital; Kreditwesen; Banking Regulation; Equity Requirements; Equity Regulation; Capital Standards; Basel 3; Minimum Equity; Banking Systems; Bank Stability
    Scope: 1 Online-Ressource (circa 116 Seiten), Illustrationen
    Notes:

    Enthält Zeitschriftenaufsätze

    Kumulative Dissertation, Universität Ulm, 2021
  4. Home bias in sovereign exposure and the probability of bank default
    evidence from EU stress test data
    Author: Meyland, Dominik; Schäfer, Dorothea
    Published: 2021
    Publisher:  DIW Berlin, German Institute for Economic Research, Berlin

    Since the European debt crisis economists and politicians discuss intensively the sovereign-bank nexus. The high activity in sovereign bond issuance required to mitigate the burden of the Covid19 crisis will rather intensify this debate than calm it... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 14
    Inter-library loan:
    No inter-library loan

     

    Since the European debt crisis economists and politicians discuss intensively the sovereign-bank nexus. The high activity in sovereign bond issuance required to mitigate the burden of the Covid19 crisis will rather intensify this debate than calm it down. Surprisingly, however, we still have only limited knowledge about the impact of a home bias in sovereign exposure on bank stability. This paper provides a new way to use European stress test data to study this relationship. In addition, we explore the effect on a bank’s probability of default if the existing capital requirement privilege for EU sovereign exposures were abolished. Our results support the conceptual idea behind the nexus theory. Interestingly, the effect of a home bias on bank stability is contingent on the home country’s solvency. If the home country is sufficiently solvent, investments in home sovereign bonds may improve bank stability. The findings clearly support the benefits of additional CET1 capital buffers. Regulation focusing on the home bias should account for heterogeneous effects depending on the home country’s solvency.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/234450
    Series: Discussion papers / Deutsches Institut für Wirtschaftsforschung ; 1943
    Subjects: Home Bias; Sovereign Bonds; Bank Stability; Equity Requirements; Financial Regulation
    Scope: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  5. Fintech and bank stability in a small-open economy context
    the case of Kenya
    Author: Osoro, Jared; Cheruiyot, Kiplangat Josea
    Published: May 2023
    Publisher:  Kenya Bankers Association, Nairobi

    This paper seeks to examine the effect of Fintech credit on bank stability using an unbalanced panel dataset of 37 commercial banks in Kenya between 2013 and 2020. The recent evolution of Fintech comes with the promise of being both revolutionary and... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 792
    Inter-library loan:
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    This paper seeks to examine the effect of Fintech credit on bank stability using an unbalanced panel dataset of 37 commercial banks in Kenya between 2013 and 2020. The recent evolution of Fintech comes with the promise of being both revolutionary and disruptive. The temptation of a unidirectional expectation that effects of Fintech will only be positive masks the potential destabilization effects, hence the motivation to examine possibility of its being a source of fragility in the banking sector in Kenya. We employ both static panel models and a dynamic panel of System Generalized Method of Moments (GMM) that lead us to the conclusion that Fintech credit has not occasioned concerns of market fragility. If anything, the empirical results reveal that the FinTech credit is associated with higher bank stability in the sense that FinTech intermediated credit is associated with a higher Z-score suggesting higher overall bank stability. The relationship is however nonlinear, with the squared term of the FinTech credit being negative and statistically significant. We infer that the influence of FinTech on bank stability is inverted "U" type relationship. Bank-specific factors such as equity to assets, asset quality and cost-to-income rations having a strong influence on bank stability. That is a pointer to the possibility of the current magnitude of Fintech credit - the possible conduit of instability - not being associated with fragility, with the likelihood of that changing as the its share of bank assets grows with time.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/271530
    Series: KBA Centre for Research on Financial Markets and Policy working paper series ; WPS, 23, 06 = 69
    Subjects: Bank Stability; FinTech; Kenya
    Scope: 1 Online-Ressource (circa 24 Seiten), Illustrationen