Open Access. Powered by Scholars. Published by Universities.®
Finance and Financial Management Commons™
Open Access. Powered by Scholars. Published by Universities.®
- Discipline
- Keyword
-
- Financial Crises (2)
- Pension funds (2)
- Bank organization; bank-firm relationships; retail lending (1)
- Camel ratings (1)
- Deposit insurance (1)
-
- Early warning systems (1)
- East Asian ®nancial crisis (1)
- Financial Regulation (1)
- Financial crisis (1)
- Financial fragility (1)
- Ratings (1)
- Small business finance (1)
- Systemic Risk (1)
- Systemic risk; financial institutions; event study; regulatory reforms; capital adequacy (1)
- ®nancial sector fragility (1)
Articles 1 - 5 of 5
Full-Text Articles in Finance and Financial Management
The Importance Of Being Systemically Important Financial Institutions, Paola Bongini, Laura Nieri
The Importance Of Being Systemically Important Financial Institutions, Paola Bongini, Laura Nieri
Paola Bongini
We investigate whether financial markets reacted to the regulatory changes implied by the publication of the SIFI list and the new rules designed to address the too-big-to-fail problem of systemic banks. Using event study methodology applied to a sample of 70 of the world’s largest banks, we assess whether the stock prices of SIFIs reacted significantly and differently from those of other large banks not deemed to be systemically important, following the release of information regarding: the methodology used to identify SIFIs and their new capital requirements; the disclosure of the first list of 29 SIFIs; the publication of the …
The Role Of Pension Funds In A Global Economy (In Italian), Paola Bongini, Gregorio Impavido
The Role Of Pension Funds In A Global Economy (In Italian), Paola Bongini, Gregorio Impavido
Paola Bongini
No abstract provided.
Ownership, Bank Organization And Retail Lending In A Low Income Area, Paola Bongini, Laura Nieri, Maria Luisa Di Battista, Simone Rossi
Ownership, Bank Organization And Retail Lending In A Low Income Area, Paola Bongini, Laura Nieri, Maria Luisa Di Battista, Simone Rossi
Paola Bongini
The focus of this study is on the organizational features of banks operating in the South of Italy, namely major Italian banking groups and local independent banks. In our opinion, in order to evaluate the allocative and operational efficiency of the Southern Italian banking system, the issue to be addressed relates to the potential heterogeneous behavior between banks which are “truly local” – i.e. those banks whose real decisional centres are located in the Southern regions – with respect to those banks operating in the South but which have their decisional centres located in the Centre-North of the country (“outer …
How Good Is The Market At Assessing Bank Fragility? A Horse Race Between Different Indicators, Paola Bongini, Luc Laeven, Giovanni Majononi
How Good Is The Market At Assessing Bank Fragility? A Horse Race Between Different Indicators, Paola Bongini, Luc Laeven, Giovanni Majononi
Paola Bongini
For a sample of individual banks, active in the East Asian countries during the years 1995-1998, we explore the performance of three sets of indicators of bank fragility computed on the basis of publicly available information. We compare the behavior of traditional “early warning” indicators, based on balance sheet information, with that of implicit deposit insurance premia, based on the stock prices dynamics, and with the behavior of credit rating agencies’ assessments. We find significantly different patterns among the three groups of indicators in their ability of forecasting financial distress at both a specific point in time and through time. …
The Political Economy Of Distress In East Asian Financial Institutions, Paola Bongini, Stijn Claessens, Giovanni Ferri
The Political Economy Of Distress In East Asian Financial Institutions, Paola Bongini, Stijn Claessens, Giovanni Ferri
Paola Bongini
The 1997±1999 East Asian crisis is an interesting case for studying the determinants of distress and closure of ®nancial institutions. Of a sample of 283 ®nancial institutions from Indonesia, Korea, Malaysia, the Philippines, and Thailand, 120 experienced distress, and by July 1999, 38 were closed. We ®nd that traditional, CAMEL-type ®nancial data for 1996 help predict distress and closure. ``Connections''Ðwith industrial groups or in¯uential familiesÐincreased the likelihood of distress, however, suggesting that supervisors had granted selective prior forbearance from prudential regulations. Since closure was more, not less, likely with connections, the closure processes themselves appear transparent. We also ®nd evidence …