A key feature of financial services liberalization is increasing banking-sector globalization.
Using different measures to capture this phenomenon, the present study examines its impact …

Banks have an important social responsibility to serve the real economy and to maintain
financial stability, and they also need to be responsible to borrowers and others. Against the …

Using a large firm-level dataset from 55 countries over the period 1990–2019, we find that
debt has a significant non-monotonic impact on employment. Employment increases with …

Contingent capital (coco) automatically recapitalizes the banking system during financial
crises if the trigger mechanism is properly designed. We propose a dual trigger mechanism …

Extreme financial events usually lead to sharp jumps in stock prices and volatilities. In
addition, jump clustering and stock price correlations contribute to the risk amplification …

We integrate a banking sector in a standard New-Keynesian DSGE model, and examine
how government policies to recapitalize banks after a crisis affect the supply of credit and the …

Obiettivo del paper: L'articolo analizza alcuni profili di circolazione delle notizie legate
all'introduzione del bail-in e alle recenti crisi bancarie. Metodologia: La metodologia …

This paper develops a model that accounts for the main features of the eurozone crisis and
studies the effect of a program of sovereign-debt purchases carried out by a central bank …

The fragility of the European banking system in recent years has motivated us to research on
the main indicators that weigh on the soundness of its banking institutions and therefore …

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