Banking
Walter Beckert, Peter Eccles and Paolo Siciliani, “Capital requirements and process innovation”
Bank of England, Working Paper n° 1,188
Posted in: Articolo
Giu
25
2026
Abstract: This paper investigates the relationship between the optimal level minimum capital requirements aimed at preventing moral hazard by banks and banks’ incentives to invest in process innovation aimed at improving operational efficiency. We extend Hellmann et al (2000)’s dynamic model of banking competition to ...more »
Tagged width: banking, capital markets
Negar Mohammadi Jazi and Felipe Netto, “Asymmetric information and capital regulation in SME lending:a structural model of bank and non-bank competition”
Bank of England, Working paper n° 1,191
Posted in: Articolo
Giu
25
2026
Abstract: We analyse how risk-based capital requirements shape competition and credit allocation in the UK unsecured Small and Medium-sized Enterprises (SME) lending market using confidential loan-level data. Motivated by empirical patterns, we develop and estimate a structural model with screening, asymmetric information, and imperfect competition, ...more »
Tagged width: banking, capital markets
Franz Hamann, Juan C. Mendez-Vizcaino, Enrique G. Mendoza and Paulina Restrepo-Echavarria, “Natural Resources and Sovereign Risk in Emerging Economies: A Curse and a Blessing”
FEDERAL RESERVE BANK OF ST. LOUIS, Working paper n° 2018-032E
Posted in: Articolo
Giu
25
2026
Abstract: Emerging economies that are large oil producers have sizable external debt, their sovereign risk rises when oil prices fall, and many of them have defaulted in the past. Interestingly, oil output reduces country risk on impact and in the long-run,but oil reserves increase it in ...more »
Tagged width: banking, capital markets
Iñaki Aldasoro, Sebastian Doerr, and Haonan Zhou, “Liquidity regulation and bank funding costs”
Bank for International Settlements, Working Paper n° 1352
Posted in: Articolo
Mag
29
2026
Abstract: We establish a causal link between liquidity regulation and a lower cost of bank wholesale funding. For identification, we use pre-determined variation in banks’ liquidity coverage ratio (LCR) in a difference-in-differences setup. Granular instrument-level data allow us to carefully control for any observable and ...more »
Tagged width: banking, capital markets
Nordine Abidi, Leonardo Gambacorta, Christoffer Kok, Leonardo Madio, Ixart Miquel-Flores, and Alberto Partida, “Disciplining digital risk: evidence from cyber stress tests”
Bank for International Settlements, Working Papers n° 1351
Posted in: Articolo
Mag
29
2026
Abstract: Investment in cybersecurity in an interconnected banking system has public-good proper-ties: positive externalities can generate systemic underinvestment. Using confidential supervi-sory data from the European Central Bank, we first identify “laggard” European banks that underinvest relative to their cyber-risk profiles, and then examine how supervisory ...more »
Tagged width: banking, blockchain, fintech
Yevheniia Bondarenko, Nayeon Kang, Vivien Lewis, Matthias Rottner, and Yves S. Schüler “Geopolitical Risk in the Euro Area: Measurement and Transmission”
Deutsche Bundesbank, Working Paper n° 5/2026
Posted in: Articolo
Mag
29
2026
Abstract: Geopolitical risk is a major concern for the euro area, yet widely used measures largely reflect a US perspective. We introduce a geopolitical risk indicator tailored to the euro area using local European news sources. Shocks to this index have significant recessionary and inflationary ...more »
Tagged width: banking, capital markets
Cara Bordier, Lukas Frei, and Simon Stalder “Dollar Dominance: A Source of Dollar Volatility?”
Swiss National Bank, Working Paper n° 5/2026
Posted in: Articolo
Mag
29
2026
Abstract: The US dollar (USD) is involved in 88% of global foreign exchange transactions, partly due to its role as a vehicle currency. Using high-frequency data from primary interdealer platforms, we develop a novel methodology to identify USD cross-trades. We show both theoretically and empirically ...more »
Tagged width: banking, capital markets
Matthew Read “Shock-percentile Restrictions for SVARs”
Reserve Bank of Australia, Working Paper n° 2026-01
Posted in: Articolo
Mag
29
2026
Abstract: I propose identifying structural vector autoregressions using ‘shock-percentile’ restrictions. These restrictions require the realisation of a structural shock in a selected episode to lie in the tail of the shock’s historical distribution, representing the belief that a relatively large shock has occurred. I argue ...more »
Tagged width: banking, capital markets
Christian Friedrich and Laura Zhao “Patterns and Determinants of Global Cryptocurrency Flows”
Bank of Canada, Working paper 2026-15
Posted in: Articolo
Mag
29
2026
Abstract: In this paper, we examine the patterns and determinants of cross-border cryptocurrency flows. While our analysis focuses primarily on Bitcoin flows, the cryptocurrency with the largest market capitalization, we show that our key results also extend to four major stablecoins. After documenting global patterns ...more »
Tagged width: banking, blockchain, capital markets, fintech
Mattia Bevilacqua, Jon Danielsson, Lerby Ergun, Andreas Uthemann, and Jean-Pierre Zigrand “Central Bank Crisis Interventions and the Term Structure of Market Fear”
Bank of Canada, Working paper 2026-17
Posted in: Articolo
Mag
29
2026
Abstract: We study the impact of Fed crisis interventions on market fears — the perceived risk of large asset price drops. To do so, we develop a methodological framework that allows us to evaluate the causal effect of unexpected Fed actions on changes in market ...more »
Tagged width: banking, capital markets
