... Philadelphia – Discussion Paper Payment Cards Center, December.. 2 003. “Credit Card Pricing Developments and Their Disclosure.” Federal Re-serve Bank of Philadelphia – Discussion Paper Payment Cards ... bank deregulation (which they suggest increased competition) was a contributing factor tothe rise in consumer bankruptcies. Our example suggests that deregulation may haveled to increased bankruptcies ... 29percent in 2000 (Installment Lending Report 2000). While larger banks are more likelythan smaller banks to create their own credit scores, banks of any size have been usingthis technology by purchasing...
... among banks showing substantial elements of5ECB Working Paper Series No. 398October 2004 Houston, J. H. and M. Ryngaert (1994), The overall gains from large bank mergers,Journal of Banking ... institutions, Journal of Banking and Finance 20, pp.1531-1558.Vander Vennet, R. (2002), Cross-border mergers in European Banking and bank efficiency, University of Gent WorkingPaper 152.Vives, X. ... evolution of post-acquisition practices in the U.S. banking industry,University of Pennsylvania, The Wharton School WorkingPaper Series 10.30ECB Working Paper Series No. 398October 2004 ReferencesAcharya,...
... 1725-2806 (online) WORKINGPAPER SERIESNO 868/FEBRUARY2008PURDAHON THE RATIONALE FORCENTRAL BANK SILENCEAROUND POLICYMEETINGSbyMichael Ehrmannand Marcel Fratzscher 5ECB Working Paper Series ... author(s). The views expressed in this paper do not necessarily refl ect those of the European Central Bank. The statement of purpose for the ECB Working Paper Series is available from the ECB ... reasonable." WORKINGPAPER SERIESNO 868 / FEBRUARY 2008In 2008 all ECB publications feature a motif taken from the 10 banknote.PURDAHON THE RATIONALE FOR CENTRAL BANK SILENCEAROUND...
... Meh, C. and K. Moran (2004), Bank Capital, Agency Costs, and Monetary Policy,” Bank of Canada WorkingPaper 2004-6.[42] Mishkin, F. (2004), The Economics of Money, Banking, and Financial Markets ... Appraisal,”BIS Working Papers, No. 292.[18] Borio, C. and H. Zhu (2007), “Capital Regulation, Risk-Taking and Monetary Policy: AMissing Link in the Transmission Mechanism?” BIS Working Papers, No ... Cetorelli, N. and L. Goldberg (2008), “Banking Globalization, M onetary Transmission,and the Lending Channel,” NBER Working Paper, No. 14101.[22] Chen, N. (2001), Bank Net Worth, Asset Prices and...
... 48European Central BankWorkingPaper Series 54CONTENTS 15ECB Working Paper Series No 898May 2008122007). The models differ with respect to both which aspects of central bank transparency ... central banks send, concentrating mainly on three major central banks: the Federal Reserve System, the Bank of England, and the European Central Bank. 14 We first split the vector of central bank ... Bank of Kansas City, 11-96. Bordo, Michael D., Christopher Erceg, Andrew T. Levin and Ryan Michaels. 2007. “Three Great American Disinflations.” NBER WorkingPaper 12982. 18ECB Working Paper...
... 24European Central BankWorkingPaper Series 28CONTENTS 4ECB Working Paper Series No 1075July 2009AbstractWe find evidence of a bank lending channel for the euro area operating via bank risk. ... changes. Keywords: bank, risk, bank lending channel, monetary policy. JEL Classification: E44, E55. 28ECB Working Paper Series No 1075July 2009European Central BankWorkingPaper SeriesFor ... 5ECB Working Paper Series No 1075July 2009Non-technical summary This paper claims that bank risk must be considered, together with other standard bank- specific characteristics,...
... 0.58Market leverage Book leverage 36ECB Working Paper Series No 1096Septembre 2009 5ECB Working Paper Series No 1096Septembre 2009The objective of this paper is to examine whether capital requirements ... leverage of banks suggests either (i) that the tax benefits for banks are larger than for non-financial firms, (ii) that bankruptcy costs for banks are smaller, (iii) that agency problems in banks ... US banks being much smaller than EU banks. Accordingly, the standard deviation of the size of US banks is roughly half of the standard deviation of the size of EU banks. 3231313244ECBWorking...
... views expressed in this paper do not necessarily refl ect those of the European Central Bank. Information on all of the working papers published in the ECB’s WorkingPaper Series can be found ... Germany, Italy, the Netherlands, and Spain.ECB Working Paper Series No 1150January 201025 WORKINGPAPER SERIESNO 1150 / JANUARY 2010This paper can be downloaded without charge fromhttp://www.ecb.europa.eu ... "The dynamics of bank spreads and …nancial structure", ECB WorkingPaper No. 714.[26] IMF (2008), “Global Financial Stability Report”, October.21ECB Working Paper Series No 1150January...
... consumer credit Bank spreadt Bank loan growtht Bank spreadtBBB nfc spreadstBBB spreads Bank loan growtht Bank spreadt Bank loan growtht 21ECB Working Paper Series ... consumer creditNetP reported at time t Bank loan growtht Bank spreadtBBB nfc spreadstBBB spreads Bank loan growtht Bank spreadt Bank loan growtht Bank spreadt Expected credit standards ... views expressed in this paper do not necessarily refl ect those of the European Central Bank. Information on all of the working papers published in the ECB’s WorkingPaper Series can be found...
... the German Bank- ing System?” Goethe University WorkingPaper Finance and Accounting No. 147. 40ECB Working Paper Series No 1272December 2010Hakenes, H. and I. Schnabel (2010): “Banks Without ... include bank holding companies, commercial banks, cooperative banks, and medium and long termcredit banks.109There are seven savings banks that are not full members in the savings banks association. ... unobserved bank level heterogeneity by including bank fixed effects in a set of regressions combining savings banks and the control group 26ECB Working Paper Series No 1272December 2010ante riskier banks...
... c.banker sees more small bank bankruptcies ” “Some smaller Chinese banks and credit cooperatives could sink into bankruptcy due to bad loans, although a banking crisis was unlikely, central bank ... central bank governors for all those central banks listed in Cihak (2006, 2007), i.e. for all central banks which release FSRs. We succeeded to identify such release dates for 6ECB Working Paper ... increase in the number of central banks that publish FSRs. The frontrunners are the Bank of England, the Swedish Riksbank, and Norges Bank (Norway’s central bank) , all of which started publication...
... earlier working paper versions of this paper. 36ECB Working Paper Series No 1376September 2011Table 6Panel regressions of pricing and bidding variables on market conditions and bank characteristicsEach ... banks as classified by the Deutsche Bundesbank: privatebanks, savings banks, cooperatives, branches of foreign banks, Landesbanks,and cooperative central banks. The variables are definedin Subsection ... liquidation, interbank trade, bank runs, and panics. Jour-nal of Financial Intermediation 2, 59–82.Ehrmann, M., Worms, A., 2004. Bank networks and monetary policy transmission. Jour- WORKINGPAPER SERIESNO...
... Risk,” Tinbergen Institute Discussion Paper s 11-039/2. Rajan, R.G. (2005), “Has Financial Development Made the World Riskier?”, National Bureau of Economic Research WorkingPaper Series, No. ... 44ECB Working Paper Series No 1394November 2011 Table IV The effects of bank business models on bank risk: OLS estimates for systematic risk This table presents the effects of bank business ... Money, Credit, and Banking, 36, pp. 853-882. 4ECB Working Paper Series No 1394November 2011Abstract We exploit the 2007-2009 financial crisis to analyze how risk relates to bank business models....
... policy affect bank risk-taking?’, Bank for International Settlements Working Papers 298 and European Central BankWorkingPaper 1166. Angeloni, I., A. Kashyap and B. Mojon (2003). Monetary Policy ... by banks and other investors. In this paper we use an extensive and unique database of individual bank information, including an array of complementary proxies accounting for banks’ risk, banks’ ... not that evil after all’, Bank for International Settlements Working Paper, n. 341. Altunbas, Y., L. Gambacorta and D. Marques-Ibanez (2009a). ‘Securitisation and the bank lending channel’, European...