working paper series world bank

... acknowledged The views expressed in this paper do not necessarily reflect those of the European Central Bank. non-The statement of purpose for the ECB Working Paper Series is available from the ECB website, ... This paper aims to expand on available evidence by investigating how strategic similarities – calculated from banks’ balance sheet data - among merging banks in the European Union have impacted bank ... 1995) Since bank managers usually have a stake in the capital of the bank, ‘it will prove less costly for a ‘good’ bank to signal better quality through increased capital than for a ‘bad’ bank 11

Ngày tải lên: 06/03/2014, 09:22

... European Central Bank Working Paper Series 28 ECB Working Paper Series No 1075 July 2009 Abstract We find evidence of a bank lending channel for the euro area operating via bank risk Financial ... per cent, and per cent respectively ECB Working Paper Series No 1075 July 2009 27 European Central Bank Working Paper Series For a complete list of Working Papers published by the ECB, please visit ... Pro-cyclicality: Lessons from the Crisis”, Bank of Italy, Occasional Paper Series, No 44 Rajan N (2005), “Has Financial Development Made the World Riskier?”, NBER Working Paper Series No 11728 Rao C.R (1973),

Ngày tải lên: 15/03/2014, 10:20

... Trang 1Working PaPer SerieSTrang 2by Lorenzo Cappiello 2, Arjan Kadareja 3, Christoffer Kok Sørensen 2 and Marco Protopapa 2 Trang 3© European Central Bank, 2010 Address All ... important source of bank funding. 8 Many macroeconomic textbooks describing the traditional bank lending channel adhere to the central bank’s ability to directly control the quantity of bank reserves ... your bank’s ability to access market …nancing; (iii) your bank’s liquidity position B) Pressure from competition, with three choices: (i) competition from other banks; (ii) competition from non-banks;

Ngày tải lên: 15/03/2014, 10:20

... State-dependant bank pricing and the change in monetary policy regime 17 Appendix: State dependent pricing 20 25 European Central Bank working paper series 46 Tables and charts Trang 5Abstract This paper ... acknowledged The views expressed in this paper do not necessarily reflect those of the European Central Bank. non-The statement of purpose for the ECB Working Paper Series is available from the ECB website, ... market interest rates, it falls short of explaining how banks price their products Hence, this paper proposes a model of bank pricing, where banks apply a mark up with respect to a “cost” that depends

Ngày tải lên: 15/03/2014, 14:20

... Cannot the bank regulator alone take care of bank risk, and undo any effects that the central bank’s interest rates have on banks’ risk profiles? In this paper we model a banking sector and a bank ... Trang 1WORKING PAPER SERIESNO 1457 / AUGUST 2012 EXCESSIVE BANK RISK TAKING AND MONETARY POLICY Itai Agur and Maria Demertzis NOTE: This Working Paper should not be reported ... http://ssrn.com/abstract_id=1573675. Information on all of the papers published in the ECB Working Paper Series can be found on the ECB’s website, Macroprudential Research Network This paper presents research conducted

Ngày tải lên: 22/03/2014, 21:20

... the Bank of Russia or the Deutsche Bundesbank This paper was presented at the “ECB-Bank of Russia Workshop on Monetary Analysis” in Frankfurt am Main on 28 June 2011. Alexey Ponomarenko at Bank ... State Saving Bank, but this bank could not provide loans In the late 1980s the first commercial banks were created and in 1990s the two level banking system consisting of the Central Bank of the ... Trang 1WORKING PAPER SERIESNO 1471 / SEPTEMBER 2012 FEEDBACK TO THE ECB’S MONETARY ANALYSIS THE BANK OF RUSSIA’S EXPERIENCE WITH SOME KEY TOOLS Alexey

Ngày tải lên: 22/03/2014, 21:20

... Descriptive charts European Central Bank Working Paper Series Trang 5Abstract The present paper investigates the pass-through between market interest rates and bank interest rates in the euro area ... Italy: a case study, IMF, Working paper 95/38 de Bondt, G (2002), Retail bank interest rate pass-through: new evidence at the euro level, European Central Bank, Working paper No 136 de Bondt, ... rate series with the series of the NRIR statistics This inevitably causes a data break in the series, which may impact on the results However, the linking of the MIR series with the NRIR series

Ngày tải lên: 22/03/2014, 23:20

... followed by the central bank differs from the baseline case 48 ECB Working Paper Series No 967 November 2008 European Central Bank Working Paper Series For a complete list of Working Papers published ... 31 References 34 Tables and figures 37 Appendices 46 European Central Bank Working Paper Series 51 27 28 30 ECB Working Paper Series No 967 November 2008 Abstract Research with Keynesian-style models ... author(s) The views expressed in this paper not necessarily reflect those of the European Central Bank The statement of purpose for the ECB Working Paper Series is available from the ECB website,

Ngày tải lên: 29/03/2014, 13:20

... (2011): “A structural model of central bank operations and bank intermediation,” Working Paper Series 1312, European Central Bank CGFS (2008): “Central bank operations in response to the financial ... standard deviation of interbank shocks equal billion ECB Working Paper Series No 1350 June 2011 23 Figure 8: Adjustment of central bank balance sheet length and interbank turnover to a simultaneous ... ECB Working Paper Series No 1350 June 2011 discount facility in which first quality trade bills could be submitted A differentiation appears between e.g the Bank of England, which aimed at interbank

Ngày tải lên: 29/03/2014, 13:20

... Reserve Bank of New Zealand and the Bank of England were early and enthusiastic converts to greater transparency, and Norges Bank (the central bank of Norway) and Sveriges Riksbank (the central bank ... 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 website, ... 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 signals,

Ngày tải lên: 15/03/2014, 10:20

... Trang 1WORKING PAPER SERIESTrang 2This paper can be downloaded without charge from http://www.ecb.europa.eu or from the Social Science NOTE: This Working Paper should not be reported ... impact on business models and bank risk 10 2 Bank risk and business models: 2.5 Additional control variables 16 3.1 Construction of bank risk variables 18 3.2 Bank business models 19 3.3 ... which banks are relatively more exposed to tail risks.14 Trang 22iii Central bank liquidity demand (bid) – Our third measure of bank risk is based on information on liquidity provided to banks

Ngày tải lên: 15/03/2014, 10:20

... acknowledged The views expressed in this paper do not necessarily reflect those of the European Central Bank. Trang 43.1 Unemployment duration version ofTrang 5Abstract This paper studies the role of long-term ... role in the wage formation process In this paper, I investigate whether evidence of this behavior is present in a set of 19 OECD countries It is the first paper that undertakes such a systematic, ... be determined bythe estimation For the purpose of this paper, the duration version of the Phillips Curve willnow be expressed as: This paper also modifies the standard Phillips Curve framework

Ngày tải lên: 24/10/2012, 09:11

... Central Bank. The statement of purpose for the ECB Working Paper Series is available from the ECB-CFS Research Network on “Capital Markets and Financial Integration in Europe” This paper is ... ECB Working Paper Series is issuing a selection of papers from the Network This selection is covering the priority areas “European bond markets”, “European securities settlement systems”, “Bank ... University,Toulouse,Tel Aviv university, the Hebrew University, the European Central Bank, EFA 2003, INQUIRE Meeting in Barcelona and the Bank of Athens for their useful comments.We thank Luca Camporese, Alessandro

Ngày tải lên: 16/02/2014, 02:20

... Federal Reserve Bank of Cleveland for their support during the writing of this paper The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank Ger-of ... interstate bank deregulation, contributed to the rise in bankruptcies.Our model suggests a theoretical mechanism that could account for this observation Bylowering barriers to interstate banking, ... 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

Ngày tải lên: 06/03/2014, 08:20

... SPONSORSHIP Louis Goreux Consultant, Africa Region, The World Bank Email: Lgoreux@worldbank.org T HE W ORKING P APER S ERIES The Africa Region Working Paper Series expedites dissemination of applied research ... the Series consists of representatives from professional Families appointed by the Region’s Sector Directors Editor in charge of the series: Antoine Waldburger, AFTM3, Email: awaldburger@worldbank.org, ... Waldburger, AFTM3, Email: awaldburger@worldbank.org, who may be contacted for hard copies For additional information visit the Web site http://www.worldbank.org/afr/wps/index.htm, where copies

Ngày tải lên: 15/03/2014, 10:20

... probability of loans of bank k, rD represents the deposit rate, which is the same for all banks, Dk represents the deposits of bank k and Fk the fixed costs of bank k Each bank then maximises the ... statements of euro area banks are from the Fitch-IBCA Ltd Bankscope data set, which contains annual balance sheet data for a wide variety of European banks As the coverage of banks in Bankscope is not ... to more efficient banks growing more rapidly than less efficient banks, or more efficient banks taking over less efficient ones If this is the case, at least up to some point, banks would price

Ngày tải lên: 15/03/2014, 14:20

... Economic Integration at Asian Development Bank E-mail: lschouzibell@ adb.org, Tel: 632 632 5245, Fax: 632 636 2183. December 2008 Trang 4The ADB Working Paper Series on Regional Economic Integration ... public goods The Series is a quick-disseminating, informal publication that seeks to provide information, generate discussion, and elicit comments Working papers published under this Series may subsequently ... Sources: Data for bonds sourced from Bank for International Settlements; equities from World Federation of Exchanges; and bank credit from CEIC 2 Source: Banking statistics—RBI Monthly Bulletin:

Ngày tải lên: 22/03/2014, 20:20

... acknowledged The views expressed in this paper do not necessarily reflect those of the European Central Bank. non-The statement of purpose for the ECB Working Paper Series is available from the ECB website, ... following four investment banks: Deutsche Bank, Goldman Sachs, Morgan Stanley and Credit Suisse First Boston, even though there are more ECB watchers. Trang 15Eventually investment banks developed a ... and stylised facts about yields and 3.3 Stylised facts for selected European Central Bank Trang 5In this paper we assess the importance given in capital markets to the credibility of theEuropean

Ngày tải lên: 22/03/2014, 23:20

... 6 Some properties of the data 24 7 Time series and cross section volatility 26 European Central Bank working paper series 40 Trang 5The purpose of this paper is to study the determinants of equilibrium ... market segmentation In this paper we provide a model with heterogeneous commercial banks subject to idiosyncratic shocks These banks interact Trang 10with the central bank through payment systems ... economy consists of a central bank and n commercial banks These banks exchange overnight deposits in segmented markets and are subject to liquidity shocks Commercial banks have to maintain a given

Ngày tải lên: 22/03/2014, 23:20

... to other banks through the interbank market In case a bank wants to hold more reserves than it has liquidity available, it can borrow at the interbank market The price paid at the interbank market ... the central bank (at the lending rate) and at the interbank market (at the interbank rate), and revenues are interests earned by depositing at the deposit facility and lending to other banks The ... period of one month, average leads banks to face an intertemporal decision problem Banks have to decide on an optimal path of daily reserve holdings Given that banks have a certain amount of liquidity,

Ngày tải lên: 22/03/2014, 23:20