stockholm school of economics working paper series in economics and finance
WORKING PAPER SERIES NO. 398 / OCTOBER 2004: MERGERS AND ACQUISITIONS AND BANK PERFORMANCE IN EUROPE THE ROLE OF STRATEGIC SIMILARITIES potx
Ngày tải lên :
06/03/2014, 09:22
... path-dependence and
the evolution of post-acquisition practices in the U.S. banking industry,
University of Pennsylvania, The Wharton School Working Paper Series 10.
30
ECB
Working Paper Series No. ... Herring and G.P. Szego (1995), The role of capital in financial
institutions, Journal of Banking and Finance 19, pp. 393-430.
Berger, A. N. (1995), The relationship between capital and earnings in ... approach, Journal of Banking and Finance
(forthcoming).
Jensen, M.C. (1986), Agency costs of free cash flow, corporate finance and takeovers,
The American Economic Review, Papers and Proceedings 76, 2....
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WORKING PAPER SERIES NO. 518 / SEPTEMBER 2005: TERM STRUCTURE AND THE SLUGGISHNESS OF RETAIL BANK INTEREST RATES IN EURO AREA COUNTRIES docx
Ngày tải lên :
15/03/2014, 14:20
... theories of bank
size and activity diversity, Journal of Banking and Finance, 23(2), 195-214.
Mojon, B., 2000, Financial structure and the interest rate channel of ECB monetary policy, ECB
Working ... net interest margins, default risk, interest-rate risk, and off-
balance sheet banking, Journal of Banking and Finance, 21, 55-87.
Angeloni, I. and M. Ehrmann, 2003, Monetary transmission in ... Donnay and Degryse (2001), Toolsema et al. (2001)
Heinemann and Schüller (2002) and Sander and Kleimeier (2002 and 2004) confirm this finding.
Mojon (2000), Hofmann (2000 and 2003), Angeloni and...
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WORKING PAPER SERIES NO 1395 / NOVEMBER 2011: ON THE IMPORTANCE OF PRIOR RELATIONSHIPS IN BANK LOANS TO RETAIL CUSTOMERS pptx
Ngày tải lên :
22/03/2014, 21:20
... similar line of arguments to identify
relationship building of banks with firms.
13
ECB
Working Paper Series No 1395
November 2011
of analyzing the behavior of one bank we examine the loan making ...
results suggest that relationships of all kinds have inherent private information and are valuable
in screening, in monitoring, and in reducing consumers’ incentives to default.
... making decision of 296 different
banks. Finally, we find evidence suggesting screening, monitoring, and borrower incentives as
distinct sources of value of relationships. Our paper also adds...
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Tài liệu WORKING PAPER SERIES: TRADING EUROPEAN SOVEREIGN BONDS THE MICROSTRUCTURE OF THE MTS TRADING PLATFORMS docx
Ngày tải lên :
16/02/2014, 02:20
... the trading day kicks o® with a relative large spread around 3 basis point in the early
morning, falling to 2 basis points in the late morning and gradually increasing to 4 basis points in
the ... “Identifying the influences of nominal and real rigidities in aggregate price-setting behavior”
by G. Coenen and A. T. Levin, November 2004.
419 “The design of fiscal rules and forms of governance in ... the main objective of
the paper. The investigation of trading surrounding economic announcements in ¯xed income
markets has been analyzed by Fleming and Remolona (1999) and Balduzzi, Elton and...
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WORKING PAPER SERIES NO 898 / MAY 2008: CENTRAL BANK COMMUNICATION AND MONETARY POLICY A SURVEY OF THEORY AND EVIDENCE doc
Ngày tải lên :
15/03/2014, 10:20
... effect of inflation targeting. He finds large reductions in the level
of expected inflation in the period after the announcement of inflation targets in Australia,
Canada, New Zealand, and Sweden, ... the public develops a genuine understanding of the way the central bank thinks
27
ECB
Working Paper Series No 898
May 2008
in market uncertainty or a decrease in uncertainty that is outweighed ... not in the United Kingdom.
Another approach, adopted in Johnson (2002) and in Andrew Levin, Fabio
Natalucci, and Jeremy Piger (2004), compares targeting to non-targeting countries.
Controlling...
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Working Paper Series no 1096 / September 2009: The determinants of Bank capital structure potx
Ngày tải lên :
15/03/2014, 10:20
... working paper, University of Minnesota.
Frank, M. and Goyal, V. (2008) Trade-off and pecking order theories of debt, in: E. Eckbo
(ed.). Handbook of Corporate Finance: Empirical Corporate Finance, ... 1994, Journal of Finance 55, 451-468.
Jones, D. and King, K. (1995) The implementation of prompt corrective action, Journal of
Banking and Finance 19, 491-510.
47
ECB
Working Paper Series No 1096
Septembre ... A., Herring, R. and Szegö, G. (1995) The role of capital in financial institutions,
Journal of Banking and Finance 19, 393-430.
Berger, A., DeYoung, R., Flannery, M., Lee, D. and Öztekin, Ö....
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Working PaPer SerieS no 1272 / DeCeMBer 2010: THe iMPaCT of PuBliC guaranTeeS on Bank riSk Taking eviDenCe froM a naTural exPeriMenT pptx
Ngày tải lên :
15/03/2014, 10:20
... University of Texas at Austin, McCombs School of Business, Department of Finance,
email: andre.guettler@mccombs.utexas.edu; and EBS Business School,
Department of Finance, Accounting, and Real ... Lending in the After-
math of the US Financial Crisis: Distinguishing between Supply and Demand Effects,”
Journal of Financial Economics, forthcoming.
Ruckes, M. (2004): “Bank Competition and ... (2003): “Testing for Market Discipline in the European Banking Industry:
Evidence From Subordinated Debt Issues,” Journal of Money, Credit and Banking, 35,
443 – 472.
14
ECB
Working Paper Series No...
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WORKING PAPER SERIES NO 1376 / SEPTEMBER 2011: THE PRICE OF LIQUIDITY THE EFFECTS OF MARKET CONDITIONS AND BANK CHARACTERISTICS pptx
Ngày tải lên :
15/03/2014, 10:20
... effects, as in Hamilton (1996). The final specification is along
the lines of that in Nyborg, Bindseil and Strebulaev (2002). For details, contact us or see earlier working
paper versions of this paper.
36
ECB
Working ... amount of excess liquidity
not participating in the interbank market), the ECB’s liquidity neutral policy gives rise to a shortage of
liquidity in the interbank market.
49
ECB
Working Paper Series ... liquidity. Review of
Financial Studies 22, 2201–2238.
Bryant, J., 1980. A model of reserves, bank runs, and deposit insurance. Journal of
Banking and Finance 4, 335–344.
Carlin, B.I., Lobo, M.S.,...
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WORKING PAPER SERIES NO 1471 / SEPTEMBER 2012: FEEDBACK TO THE ECB’S MONETARY ANALYSIS THE BANK OF RUSSIA’S EXPERIENCE WITH SOME KEY TOOLS pdf
Ngày tải lên :
22/03/2014, 21:20
...
actions in monetary policy and banking regulation and supervision help prevent imbalances in
the financial sector of the economy, and thereby not only bring down inflation, but also maintain
financial ... analysis of money and credit developments for the purposes of
financial stability and underscored the important role of credit and asset price developments in
identifying financial imbalances. In ... economic activity
has also intensified when attempting to explain drastic GDP fluctuations in Russia. In fact the
analysis of the linkage between the turning points in output and real money stock...
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WORKING PAPER SERIES NO 1487 / OCTOBER 2012: ASYMMETRIC INFORMATION IN CREDIT MARKETS, BANK LEVERAGE CYCLES AND MACROECONOMIC DYNAMICS doc
Ngày tải lên :
22/03/2014, 21:20
... conventional financial accelerator model. The increase in entrepreneurial bor-
rowing in turn requires an increase in bank lending and hence bank leverage, which, in the presence of
a leverage constraint ... the initial drop in
b
N
t
and lowers investment and entrepreneurial consumption.
Turning to the passive banking of the BGG model, the immediate and persistent increase in
entrepreneurial borrowing ... featuring leverage constraints in both the
banking and business sector proposed by Meh and Moran (2010) and Gerali et al. (2010),
respectively, also …nd a persistent decline of loans to businesses...
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WORKING PAPER SERIES NO. 351 / APRIL 2004: INTEREST RATE DETERMINATION IN THE INTERBANK MARKET pot
Ngày tải lên :
22/03/2014, 23:20
... is a clear violation of the law of one price.
25
ECB
Working Paper Series No. 351
April 2004
W ORKING PAPER SERIES
NO. 351 / APRIL 2004
INTEREST RATE
DETERMINATION
IN THE INTERBANK
MARKET
by ... Rodriguez-Mendizabal (2003) and
include the beginning and the end of the reserve maintenance period, the dates of
meetings of the ECB’s Governing Council and the end -of- the month. We argue that
Table ... period
38
ECB
Working Paper Series No. 351
April 2004
1. INTRODUCTION
The purpose of this paper is to study the determinants of equilibrium in the market for daily funds.
Understanding the behaviour of the...
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