Skip to main navigation Skip to main content
info(at)avldigital.remove-this.de
Deutsch English
Narrow Search
Search narrowed by
Last searches

Results for *

Displaying results 76 to 96 of 96.

  1. Bank mergers, competition and liquidity
    Author: Carletti, Elena; Hartmann, Philipp; Spagnolo, Giancarlo
    Published: March 2005
    Publisher:  Sveriges Riksbank, Stockholm

    We model the impact of bank mergers on loan competition, reserve holdings and aggregate liquidity. A merger creates an internal money market that affects reserve holdings and induces financial cost advantages, but also withdraws liquidity from the... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 204 (182)
    Inter-library loan:
    No inter-library loan

     

    We model the impact of bank mergers on loan competition, reserve holdings and aggregate liquidity. A merger creates an internal money market that affects reserve holdings and induces financial cost advantages, but also withdraws liquidity from the interbank market. Loan market competition modifies the heterogeneity in the size of banks, thus affecting aggregate liquidity. Mergers among large banks tend to increase aggregate liquidity needs and thus the liquidity provision in monetary operations by the central bank.

     
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/82498
    Series: Sveriges Riksbank working paper series ; 182
    Subjects: Bank; Unternehmenskonzentration; Bankenliquidität; Kreditmarkt; Wettbewerb; Theorie; Industrieländer
    Scope: 1 Online-Ressource (circa 50 Seiten), Illustrationen
  2. Government guarantees and financial stability
    Author: Allen, Franklin; Carletti, Elena; Goldstein, Itay; Leonello, Agnese
    Published: [2017]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    Banks are intrinsically fragile because of their role as liquidity providers. This results in under-provision of liquidity. We analyze the e¤ect of government guarantees on the interconnection between banks' liquidity creation and likelihood of runs... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 534 (2032)
    Inter-library loan:
    No inter-library loan

     

    Banks are intrinsically fragile because of their role as liquidity providers. This results in under-provision of liquidity. We analyze the e¤ect of government guarantees on the interconnection between banks' liquidity creation and likelihood of runs in a model of global games, where banks.and depositors' behavior are endogenous and a¤ected by the amount and form of guarantee. The main insight of our analysis is that guarantees are welfare improving because they induce banks to improve liquidity provision although in a way that sometimes increases the likelihood of runs or creates distortions in banks' behavior.

     
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289927543
    Other identifier:
    hdl: 10419/162683
    Series: Working paper series / European Central Bank ; no 2032 (February 2017)
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  3. When and how to unwind COVID-support measures to the banking system?
    in-depth analysis requested by the ECON committee
    Author: Beck, Thorsten; Bruno, Brunella; Carletti, Elena
    Published: March 2021
    Publisher:  European Parliament, Brussels

    Access:
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789284678570
    Other identifier:
    Subjects: Finanzsystem; Bankenregulierung; Bankenaufsicht; EU-Politik; Coronavirus; EU-Staaten
    Scope: 1 Online-Ressource (circa 26 Seiten), Illustrationen
  4. The bank business model in the Post-Covid-19 world
    Author: Carletti, Elena; Claessens, Stijn; Fatás, Antonio; Vives, Xavier
    Published: [2020]
    Publisher:  Centre for Economic Policy Research, London, UK

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781912179343
    Series: The future of banking ; 2
    Subjects: Bank; Finanzmarkt; Bankenregulierung; Wettbewerbspolitik; Geschäftsmodell; Wirtschaftskrise; Coronavirus
    Scope: 1 Online-Ressource (circa 180 Seiten)
  5. The COVID-19 shock and equity shortfall
    firm-level evidence from Italy
    Author: Carletti, Elena; Oliviero, Tommaso; Pagano, Marco; Pelizzon, Loriana; Subrahmanyam, Marti G.
    Published: [2020]
    Publisher:  CSEF, Centre for Studies in Economics and Finance, Department of Economics, University of Naples, Naples, Italy

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 660
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: This version July 2020
    Series: Working paper / CSEF, Centre for Studies in Economics and Finance, University of Naples ; no. 566
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  6. The COVID-19 shock and equity shortfall
    firm-level evidence from Italy
    Author: Carletti, Elena; Oliviero, Tommaso; Pagano, Marco; Pelizzon, Loriana; Subrahmanyam, Marti G.
    Published: [2020]
    Publisher:  Leibniz Institute for Financial Research SAFE, Sustainable Architecture for Finance in Europe, Frankfurt am Main

    We employ a representative sample of 80,972 Italian firms to forecast the drop in profits and the equity shortfall triggered by the COVID-19 lockdown. A 3-month lockdown generates an aggregate yearly drop in profits of about 10% of GDP, and 17% of... more

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

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 431
    Inter-library loan:
    No inter-library loan

     

    We employ a representative sample of 80,972 Italian firms to forecast the drop in profits and the equity shortfall triggered by the COVID-19 lockdown. A 3-month lockdown generates an aggregate yearly drop in profits of about 10% of GDP, and 17% of sample firms, which employ 8.8% of the sample's employees, become financially distressed. Distress is more frequent for small and medium-sized enterprises, for firms with high pre-COVID-19 leverage, and for firms belonging to the Manufacturing and Wholesale Trading sectors. Listed companies are less likely to enter distress, whereas the correlation between distress rates and family firm ownership is unclear.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/222964
    Series: SAFE working paper ; no. 285
    Scope: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  7. Corona and financial stability 2.0
    act jointly now, but also think about tomorrow
    Author: Boot, Arnoud W. A.; Carletti, Elena; Kotz, Hans-Helmut; Krahnen, Jan Pieter; Pelizzon, Loriana; Subrahmanyam, Marti G.
    Published: [2020]
    Publisher:  Leibniz Institute for Financial Research SAFE, Sustainable Architecture for Finance in Europe, Frankfurt

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

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 494
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/214919
    Series: SAFE policy letter ; no. 79 (March 2020)
    Scope: 1 Online-Ressource (circa 6 Seiten)
  8. The impacts of stricter merger legislation on bank mergers and acquisitions
    too-big-to-fail and competition
    Author: Spagnolo, Giancarlo; Carletti, Elena; Ongena, Steven; Siedlarek, Jan-Peter
    Published: 27 February 2020
    Publisher:  Centre for Economic Policy Research, London

    Access:
    Verlag (lizenzpflichtig)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    LZ 161
    Inter-library loan:
    No inter-library loan

    Location:
    Universitätsbibliothek Mannheim
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP14449
    Scope: 1 Online-Ressource (circa 54 Seiten), Illustrationen
  9. Corona and financial stability 3.0
    try equity - risk sharing for companies, large and small
    Author: Boot, Arnoud W. A.; Carletti, Elena; Kotz, Hans-Helmut; Krahnen, Jan Pieter; Pelizzon, Loriana; Subrahmanyam, Marti G.
    Published: [2020]
    Publisher:  Leibniz Institute for Financial Research SAFE, Sustainable Architecture for Finance in Europe, Frankfurt

    This policy letter adds to the current discussion on how to design a program of government assistance for firms hurt by the Coronavirus crisis. While not pretending to provide a cure-all proposal, the advocated scheme could help to bring funding to... more

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

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 494
    Inter-library loan:
    No inter-library loan

     

    This policy letter adds to the current discussion on how to design a program of government assistance for firms hurt by the Coronavirus crisis. While not pretending to provide a cure-all proposal, the advocated scheme could help to bring funding to firms, even small firms, quickly, without increasing their leverage and default risk. The plan combines outright cash transfers to firms with a temporary, elevated corporate profit tax at the firm level as a form of conditional payback. The implied equity-like payment structure has positive risk-sharing features for firms, without impinging on ownership structures. The proposal has to be implemented at the pan-European level to strengthen Euro area resilience.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/215544
    Series: SAFE policy letter ; no. 81 (March 2020)
    Scope: 1 Online-Ressource (circa 6 Seiten)
  10. The coronavirus and financial stability
    Author: Boot, Arnoud W. A.; Carletti, Elena; Haselmann, Rainer; Kotz, Hans-Helmut; Krahnen, Jan Pieter; Pelizzon, Loriana; Schaefer, Stephen M.; Subrahmanyam, Marti G.
    Published: [2020]
    Publisher:  Leibniz Institute for Financial Research SAFE, Sustainable Architecture for Finance in Europe, Frankfurt

    The spreading of the Covid-19 virus causes a reduction in economic activity worldwide and may lead to new risks to financial stability. The authors draw attention to the urgency of the targeted mitigation strategies on the European level and suggest... more

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

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 494
    Inter-library loan:
    No inter-library loan

     

    The spreading of the Covid-19 virus causes a reduction in economic activity worldwide and may lead to new risks to financial stability. The authors draw attention to the urgency of the targeted mitigation strategies on the European level and suggest taking coordinated action on the fiscal side to provide liquidity to affected firms in the corporate sector. Otherwise, virus-related cashflow interruptions could lead to a new full-blown banking crisis. Monetary policy measures are unlikely to mitigate cash liquidity shortages at the level of individual firms. Coordinated action at European level is decisive to prevent markets from losing confidence in the resilience of banks, particularly in countries with limited fiscal capacity. In contrast to the euro crisis of 2011, the cause of the current crisis does not lie in the financial markets; therefore, the risk of moral hazard for banks or states is low.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/214882
    Series: SAFE policy letter ; no. 78 (March 2020)
    Scope: 1 Online-Ressource (circa 5 Seiten)
  11. The interdependence of bank capital and liquidity
    Author: Carletti, Elena; Goldstein, Itay; Leonello, Agnese
    Published: [2020]
    Publisher:  BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Università Bocconi, Milano, Italy

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 666
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: This Version: January 2020
    Series: Working paper series / Bocconi ; n. 128 (January 2020)
    Scope: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  12. Corona and banking
    a financial crisis in slow motion? : an evaluation of the policy options
    Author: Boot, Arnoud W. A.; Carletti, Elena; Kotz, Hans-Helmut; Krahnen, Jan Pieter; Pelizzon, Loriana; Subrahmanyam, Marti G.
    Published: [2021]
    Publisher:  Leibniz Institute for Financial Research SAFE, Sustainable Architecture for Finance in Europe, Frankfurt am Main

    With the second wave of the Covid-19 pandemic in full swing, banks face a challenging environment. They will need to address disappointing results and adverse balance sheet restatements, the intensity of which depends on the evolution of the euro... more

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

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 430
    Inter-library loan:
    No inter-library loan

     

    With the second wave of the Covid-19 pandemic in full swing, banks face a challenging environment. They will need to address disappointing results and adverse balance sheet restatements, the intensity of which depends on the evolution of the euro area economies. At the same time, vulnerable banks reinforce real economy deficiencies. The contribution of this paper is to provide a comparative assessment of the various policy responses to address a looming banking crisis. Such a crisis will fully materialize when non-performing assets drag down banks simultaneously, raising the specter of a fullblown systemic crisis. The policy responses available range from forbearance, recapitalization (with public or private resources), asset separation (bad banks, at national or EU level), to debt conversion schemes. We evaluate these responses according to a set of five criteria that define the efficacy of each. These responses are not mutually exclusive, in practice, as they have never been. They may also go hand in hand with other restructuring initiatives, including potential consolidation in the banking sector. Although we do not make a specific recommendation, we provide a framework for policymakers to guide them in their decision making.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/228662
    Series: SAFE white paper ; no. 79 (January 2021)
    Scope: 1 Online-Ressource (circa 19 Seiten)
  13. The COVID-19 shock and equity shortfall
    firm-level evidence from Italy
    Author: Carletti, Elena; Oliviero, Tommaso; Pagano, Marco; Pelizzon, Loriana; Subrahmanyam, Marti G.
    Published: 30 May 2020
    Publisher:  Centre for Economic Policy Research, London

    Access:
    Verlag (lizenzpflichtig)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    LZ 161
    Inter-library loan:
    No inter-library loan

    Location:
    Universitätsbibliothek Mannheim
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP14831
    Scope: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  14. The COVID-19 shock and equity shortfall
    firm-level evidence from Italy
    Author: Carletti, Elena; Oliviero, Tommaso; Pagano, Marco; Pelizzon, Loriana; Subrahmanyam, Marti G.
    Published: [2020]
    Publisher:  Università degli studi di Milano-Bicocca, Dipartimento di economia, metodi quantitativi e strategia di impresa, [Mailand]

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 718
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: CefES paper series ; no 450 (October 2020)
    Scope: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  15. The COVID-19 Shock and equity shortfall
    firm-level evidence from Italy
    Author: Carletti, Elena; Oliviero, Tommaso; Pagano, Marco; Pelizzon, Loriana; Subrahmanyam, Marti G.
    Published: [2020]
    Publisher:  EIEF, Einaudi Institute for Economics and Finance, [Rom]

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 730
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: EIEF working paper ; 20, 14 (May 2020)
    Scope: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  16. Bank moral hazard and market discipline
    Author: Carletti, Elena
    Published: 1999

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 766 (326)
    Inter-library loan:
    Unlimited inter-library loan, copies and loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Discussion paper series / LSE Financial Markets Group ; 326
    Subjects: Moral Hazard; Theorie; Theorie
    Scope: 25 S
  17. The structure of bank relationships, endogenous monitoring and loan rates
    Author: Carletti, Elena
    Published: 2001

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 766 (388)
    Inter-library loan:
    Unlimited inter-library loan, copies and loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Discussion paper series / LSE Financial Markets Group ; 388
    Subjects: Finanzintermediation; Bank; Kreditgeschäft; Leistungsbeurteilung; Theorie
    Scope: 40 S, graph. Darst
  18. Market power in banking
    Author: Carletti, Elena; Leonello, Agnese; Marquez, Robert
    Published: [2024]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    Bank market power, both in the loan and deposit market, has important implications for credit provision and for financial stability. This article discusses these issues through the lens of a simple theoretical framework. On the asset side, banks... more

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

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 534
    Inter-library loan:
    No inter-library loan

     

    Bank market power, both in the loan and deposit market, has important implications for credit provision and for financial stability. This article discusses these issues through the lens of a simple theoretical framework. On the asset side, banks choose the quality and quantity of loans. On the liability side, they may be subject to depositor runs whenever they offer demandable contracts. This structure allows us to review the literature on the role of market power for credit provision and stability and also highlight the interactions between the two sides of banks' balance sheets. Our approach identifies relevant channels that deserve further analysis, especially given the rising importance of bank market power for monetay policy transmission and the the rise of the digital economy.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289963664
    Other identifier:
    Series: Working paper series / European Central Bank ; no 2886
    Subjects: credit provision; bank runs; balance sheet interactions; monetary policy transmission; digital economy
    Scope: 1 Online-Ressource (circa 30 Seiten)
  19. Ukraine’s reconstruction
    policy options for building an effective financial architecture : Frankfurt report
    Author: Carletti, Elena; Gorodnichenko, Yuriy; James, Harold; Krahnen, Jan Pieter; Raškovan, Vladyslav Leonidovyč; Rodnyansky, Alexander; Sologoub, Ilona
    Published: [2024?]
    Publisher:  CEPR Press, London, UK

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781912179848
    Subjects: Wirtschaftlicher Wiederaufbau; Financial Development; Bankenreform; Finanzmarkt; Hypothek; EU-Mitgliedschaft; Ukraine
    Scope: 1 Online-Ressource (circa 173 Seiten), Illustrationen
  20. Competition and stability
    what's special about banking?
    Author: Carletti, Elena; Hartmann, Philipp
    Published: 2002
    Publisher:  School of Economics, Financial Markets Group, London

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 786 (140)
    Inter-library loan:
    Unlimited inter-library loan, copies and loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Special paper / Financial Markets Group ; 140
    Subjects: Bank; Wettbewerbspolitik; Wettbewerbspolitik; Fusion; Übernahme; Bankenaufsicht; EU-Staaten
    Scope: 35 S
  21. Competition and stability
    what's special about banking?
    Author: Carletti, Elena; Hartmann, Philipp
    Published: 2002
    Publisher:  European Central Bank, Frankfurt am Main

    Location:
    Staats- und Universitätsbibliothek Bremen
    Inter-library loan:
    No inter-library loan

    Location:
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    Inter-library loan:
    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 534 (146)
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/152580
    Series: Working paper series / European Central Bank ; 146
    Scope: Online Ressource, 360 KB, text
    Notes:

    Record-last-verified: 12-06-02