Banks’ regulatory buffers, liquidity networks and monetary policy transmission

Merkl, Christian; Stolz, Stéphanie

doi:10.1080/00036840802360245

Cited by 41 publications

(31 citation statements)

References 23 publications

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“…see Salas and Saurina, 2002;Merkl and Stolz, 2009), we adopt a dynamic approach in order to account for the time persistence in the NPL structure. 17 A dynamic panel data specification is generally given by:…”

Section: Dynamic Panel Data Estimatormentioning

confidence: 99%

Macroeconomic and bank-specific determinants of non-performing loans in Greece: A comparative study of mortgage, business and consumer loan portfolios

Louzis

Vouldis

Metaxas³

2012

Journal of Banking & Finance

869

131

837

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Section: Dynamic Panel Data Estimatormentioning

confidence: 99%

Macroeconomic and bank-specific determinants of non-performing loans in Greece: A comparative study of mortgage, business and consumer loan portfolios

Louzis

Vouldis

Metaxas³

2012

Journal of Banking & Finance

869

131

837

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“…Dans la présente partie, nous procédons à l'étude des déterminants des NPLs des ménages dans le secteur bancaire tunisien à l'aide du modèle de données de panel* , en se basant sur les travaux avancés par Louzis et al (2012), Salas and Saurina (2002) et Merkl and Stolz (2009 …”

Section: Analyse Et Interprétation Des Résultatsunclassified

Les déterminants des NPLs des ménages en Tunisie

Abid

Ouertani

Zouari-Ghorbel³

2015

La Revue Gestion et Organisation

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Prêts non performantsPanel dynamique Déterminants macroéconomiques Déterminants spécifiques à la banque R É S U M É L'objectif de ce papier est d'étudier les déterminants macroéconomiques et microéconomiques explicatifs des prêts non-performants (NPLs) des ménages en Tunisie. Nous constatons que, durant les dix dernières années, la demande de crédit sous ses différentes formes, a augmenté d'une manière exponentielle menant en conséquence à un niveau élevé de surendettement et un risque réel de déstabilisation. La validation empirique de cet article est faite à partir d'un échantillon composé de seize banques tunisiennes observées sur la période allant du premier trimestre 2003 jusqu'au quatrième trimestre 2012.L'estimation d'un modèle de panel dynamique par la méthode GMM nous a permis de constater que les facteurs macroéconomiques, tels que la croissance économique, le niveau d'inflation et les facteurs microéconomiques, telle que la qualité de gestion, jouent un rôle significatif dans l'augmentation des créances douteuses des ménages en Tunisie.

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“…We choose the third option, and create a new institution after two banks merge. For a detailed description of possible merger treatment procedures, see Merkl and Stolz (2006).…”

Section: B Datamentioning

confidence: 99%

Bank Risk Taking and Liquidity Creation Following Regulatory Interventions and Capital Support

et al. 2012

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During times of bank distress, authorities often engage in regulatory interventions and provide capital support to reduce bank risk taking. An unintended effect of such actions may be a reduction in bank liquidity creation, with possible adverse consequences for the economy as a whole. This paper tests hypotheses regarding the effects of regulatory interventions and capital support on bank risk taking and liquidity creation using a unique dataset over the period 1999-2009. We find that both types of actions are generally associated with statistically significant reductions in risk taking and liquidity creation in the short run and long run. While the effects of regulatory interventions are also economically significant, the effects of capital support are only economically significant in the long run. Thus, both types of actions have important intended and unintended consequences with implications for policymakers.

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Banks’ regulatory buffers, liquidity networks and monetary policy transmission

Cited by 41 publications

References 23 publications

Macroeconomic and bank-specific determinants of non-performing loans in Greece: A comparative study of mortgage, business and consumer loan portfolios

Macroeconomic and bank-specific determinants of non-performing loans in Greece: A comparative study of mortgage, business and consumer loan portfolios

Les déterminants des NPLs des ménages en Tunisie

Bank Risk Taking and Liquidity Creation Following Regulatory Interventions and Capital Support

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