What Happened to Global Banking after the Crisis?

Schoenmaker, Dirk

doi:10.2139/ssrn.2930568

Cited by 2 publications

(2 citation statements)

References 18 publications

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“…Scholars have not tackled such issues adequately. More capital may be costly, but it raises owners’ control and enhances market discipline leading to lower risk (Schoenmaker, 2017). National authorities should identify the number of SIBs before they subject them to any additional restrictive measures (Buch & Goldberg, 2020).…”

Section: Future Research Directionsmentioning

confidence: 99%

Systemically Important Bank: A Bibliometric Analysis for the Period of 2002 to 2022

2022

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This paper aims to analyzes the English-language literature related to Systemically Important Banks (SIBs) by applying the bibliometric methodology to present the current state of SIBs’ intellectual structure and emerging trends from a large quantity of data for the period 2002 to first 2 months of 2022 from Scopus, which is which is considered the most widely used database. SIBs are large and powerful, their contribution to economic growth is significant but their failure is usually systematic and contagious. Regulators subsidize them with public money to avoid systematic financial crises. It is striking that smaller banks do not receive the same treatment, which places them under competitive disadvantage. The bibliometric methodology helps in focusing on this issue for being a rigorous way for exploring and evaluating large volumes of data, identifying gaps, deriving unique research ideas, and resulting in a significant research impact. Therefore, we apply the bibliometric analysis to describe the field’s evolution and structure, including co-authorship, bibliographical coupling, and co-citation. The findings reveal that, the USA is the most relevant country, the University of Southeast is the most relevant institution, and the Journal of Banking and Finance is the most relevant journal. We contribute to the literature mainly by: (1) identifying the benchmark authors, locations of SIBs, and journals; (2) specifying the research streams and summarizing the most cited papers; and (3) identifying the research gaps and future directions.

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Section: Future Research Directionsmentioning

confidence: 99%

Systemically Important Bank: A Bibliometric Analysis for the Period of 2002 to 2022

2022

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“…The average G-SIB surcharge is 1.33 percent of risk-weighted assets. As the risk-weighted assets form about 34 percent of total assets for G-SIBs, the surcharge is then only 0.45 percent (= 34 percent * 1.33 percent) of total assets (Schoenmaker, 2017a).…”

Section: Reducing the Potential For Bank Contagionmentioning

confidence: 99%

A macro approach to international bank resolution

Schoenmaker¹

2019

Research Handbook on Cross-Border Bank Resolution

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In the aftermath of the Great Financial Crisis, regulators have rushed to strengthen banking supervision and implement bank resolution regimes. While such resolution regimes are welcome to reintroduce market discipline and reduce the reliance on taxpayer-funded bailouts, the effects on the wider banking system have not been properly considered. This paper proposes a macro approach to resolution, which should consider (i) the contagion effects of bail-in, and (ii) the continuing need for a fiscal backstop to the financial system. For bail-in to work, it is important that bail-inable bank bonds are largely held outside the banking sector, which is currently not the case. Stricter capital requirements could push them out of the banking system. The organisation of the fiscal backstop is crucial for the stability of the global banking system. Single-point-of-entry resolution of international banks is only possible for the very largest countries or for countries working together, including in terms of sharing the burden of a potential bank bailout. The euro area has adopted the latter approach in its Banking Union. Other countries have taken a stand-alone approach, which leads to multiple-point-of-entry resolution of international banks and contributes to fragmentation of the global banking system.

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What Happened to Global Banking after the Crisis?

Cited by 2 publications

References 18 publications

Systemically Important Bank: A Bibliometric Analysis for the Period of 2002 to 2022

Systemically Important Bank: A Bibliometric Analysis for the Period of 2002 to 2022

A macro approach to international bank resolution

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