papers

Profitability and balance sheet repair of Italian banks

19 August 2016AehlingpapersNo Comments

The IMF paper investigates quantitatively the current and prospective earnings capacity of Italian banks. According to the authors, the system is on the whole profitable, but there is significant heterogeneity...

Sovereign and banking risks: what policies?

5 July 2016Aehlingfinancial stability, papers, publicationsNo Comments

The issue of the Europeeye publication "European Economy" discusses the loop between sovereign and banking risks and the pros and cons of a tighter regulatory framework for banks’ sovereign exposures. It takes...

Where did the Greek bailout money go?

4 May 2016Aehlinganalysis, financial crisis, papersNo Comments

The paper provides a descriptive analysis of where the Greek bailout money went since 2010 and finds that, contrary to widely held beliefs, less than 5% of the overall programme...

Why bank capital matters for monetary policy

7 April 2016AehlingpapersNo Comments

In their paper the authors found that higher bank capital is associated with greater lending, and that the mechanism involved in this channel is the lower funding costs associated with better capitalised...

Crisis transmission through the global banking network

18 March 2016Aehlingfinancial crisis, financial stability, papersNo Comments

The authors find that a larger number of direct loan exposures to bank borrowers in countries experiencing systemic banking crises reduces bank returns and the granting of large corporate loans. On...

Bank solvency and funding cost

15 March 2016Aehlingothers, papersNo Comments

The authors examine the sensitivity of bank funding cost to solvency measures. They find that solvency is negatively and significantly related to measures of funding cost, whereas the relationship is stronger...

Fiscal sustainability and the financial cycle

4 March 2016Aehlingfinancial stability, others, papersNo Comments

The authors look at channels through which financial cycles flatter fiscal accounts. They focus on how to estimate more reliable cyclically adjusted fiscal balances to take into account the nexus between the financial cycle...

Benefits and costs of higher capital requirements for banks

1 March 2016Aehlingpapers, regulationNo Comments

The author derives new estimates of the likely economic losses both from banking crises and from increasing bank capital requirements. According to the paper, a socially optimal level of bank capital...

Lender of last resort versus buyer of last resort – The impact of the ECB actions on the bank-sovereign nexus

29 February 2016Aehlingfinancial stability, others, papersNo Comments

The authors assess the effectiveness of different ECB interventions in stabilizing the European financial sector following the peak of the sovereign debt crisis in 2011. Central result is that how ECB intervened mattered....

Macroprudential supervision: from theory to policy

1 February 2016Aehlingfinancial stability, papersNo Comments

According to the papers´ authors, an agreed framework for measuring and addressing financial imbalances is lacking. They propose a holistic approach for the financial system as a whole, and make policy proposals...

Category: papers

Profitability and balance sheet repair of Italian banks

Sovereign and banking risks: what policies?

Where did the Greek bailout money go?

Why bank capital matters for monetary policy

Crisis transmission through the global banking network

Bank solvency and funding cost

Fiscal sustainability and the financial cycle

Benefits and costs of higher capital requirements for banks

Lender of last resort versus buyer of last resort – The impact of the ECB actions on the bank-sovereign nexus

Macroprudential supervision: from theory to policy

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