Results 61 to 70 of about 644 (189)

Developmental or Liberal? How Japan and South Korea Diffuse Hybrid Financial Market Norms

Development and Change, EarlyView.
ABSTRACT East Asian economies have become major creditors in recent decades. However, while existing studies address the macroeconomic impact on the global economy of capital flows from East Asian economies, the impact of norm and policy diffusion that accompany such flows has received relatively little attention.
Yaechan Lee, Saori N. Katada
wiley   +1 more source

The Theoretical Framework of Macroprudential Policy and its Place in the Scheme of Economic Policy

Public Governance, Administration and Finances Law Review, 2016
Microprudential regulation and supervision – focused on institutional risks – cannot guarantee the stability of the financial system. Therefore special attention should be paid to macroprudential regulation and supervision to address systemic risks.
János Kálmán
doaj   +1 more source

The Liquidity Sprint: Short‐Term Cash Needs and Access to Credit

European Financial Management, EarlyView.
ABSTRACT We identify the causal drivers of the COVID‐19 ‘dash‐for‐cash’ in Europe using a hand‐collected panel of Euro‐area firms (2018‐Q4–2020‐Q3). Exploiting regional infection intensity as an instrument, we find that a one‐unit EBITDA decline raised credit‐line utilization by 15.5 percentage points in 2020‐Q2. Unlike the US ‘fallen‐angel’ narrative,
Mario Cerrato, Shengfeng Mei, Hormoz Ramian   +2 more
wiley   +1 more source

Geopolitical Risk and Domestic Bank Deposits

Financial Management, EarlyView.
ABSTRACT We investigate the relationship between global geopolitical risk and bank deposit flows across a wide panel of European countries. Motivated by the pivotal role of deposit stability for financial intermediation and systemic resilience, we explore whether geopolitical shocks alter depositors’ portfolio choices.
Dimitris Anastasiou, Theodore Kapopoulos, Steven Ongena, Athanasios Sakkas   +3 more
wiley   +1 more source

Bank IPOs and Regulations: Cross‐Country Evidence

Financial Review, EarlyView.
ABSTRACT The present paper investigates the effect of banking industry regulations on bank initial public offering (IPO) underpricing. We approach this question from both a micro‐level and macro‐level regulatory perspective. First, we conduct our analysis within a micro framework, focusing on the effect of disclosure rules on IPO underpricing.
Maria‐Eleni K. Agoraki, Dimitrios Gounopoulos, Georgios P. Kouretas   +2 more
wiley   +1 more source

Monetary policy, macroprudential policy, and bank risk-taking behaviour in the Indonesian banking industry

Journal of Applied Economics
There is a growing consensus on the translation of monetary policy actions into changes in credit demand on account of changes in interest rates. The study investigates monetary policy, macroprudential policy, bank-specific and macroeconomic determinants
Cep Jandi Anwar, Nicholas Okot, Indra Suhendra, Dwi Indriyani, Ferry Jie   +4 more
doaj   +1 more source

Structural change in the link between oil and the European stock market: implications for risk management

Dependence Modeling, 2019
The relationship between the European stock market and the crude oil depends on the significance of the different industries in the European economy. The literature points to a structural change after the 2008 crisis without getting into details of which
Ferreiro Javier Ojea
doaj   +1 more source

Macroprudential Policy and Credit Supply [PDF]

Swiss Journal of Economics and Statistics, 2016
SummaryIn this paper we analyze financial crises and the interactions of macroprudential policy and credit. Financial crises are recurrent systemic phenomena, often triggering deep and long-lasting recessions with large reductions in aggregate welfare, output and employment Importantly for policy, systemic financial crises are typically not random ...
openaire   +5 more sources

Out of Many, Many: Variation in East Central Europe Financial Governance Despite the EU's Single Market

JCMS: Journal of Common Market Studies, EarlyView.
Abstract Following the global financial crisis, European financial authorities introduced a host of new initiatives intended to advance market integration, improve the quality of bank oversight and enhance both economic stability and prospects for growth.
Dóra Piroska, Rachel A. Epstein
wiley   +1 more source

Climate‐Neutrality Transition and Banks' Loan Pricing

Journal of Financial Research, EarlyView.
Abstract In this paper, we propose a novel methodology to quantify firms' climate‐change transition risk (CCTR) and its implications for credit markets. We utilize the regulatory framework of the European Green Deal's 2050 carbon neutrality roadmap, focusing on large Eurozone firms and their banking relationships.
Evangelos Salachas, Maria‐Eleni K. Agoraki, Georgios P. Kouretas   +2 more
wiley   +1 more source