BazEkon - Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie

BazEkon home page

Meny główne

Autor
Penczar Marta (University of Gdansk, Poland), Liszewska Monika (University of Gdansk, Poland), Kujawski Lech (University of Gdansk, Poland)
Tytuł
The Impact of Funding Structure on EU Banking Sector Stability
Źródło
Zeszyty Naukowe SGGW w Warszawie. Polityki Europejskie, Finanse i Marketing, 2020, nr 24 (73), s. 143-154, tab., bibliogr. 26 poz.
Scientific Journals Warsaw University of Life Sciences - SGGW. European Policies, Finance and Marketing
Słowa kluczowe
Sektor bankowy, Stabilność finansowa, Struktura finansowania przedsiębiorstw, Ryzyko bankowe
Banking sector, Financial sustainability, Structure of corporate financing, Banking risk
Uwagi
Klasyfikacja JEL: G01, G21, G28
summ.
Firma/Organizacja
Unia Europejska (UE)
European Union (EU)
Abstrakt
In our article, we analyze the impact of the funding structure on the banking sector stability in EU countries. Our findings show that after the GFC, there are four main funding models in EU banking sectors. We document that the funding structure is an important factor determining the stability of the banking sector. We point out that there are other features of the banking business model as well as macroeconomic indicators that influence the banking sectors risk. (original abstract)
Pełny tekst
Pokaż
Bibliografia
Pokaż
  1. Allen, L., Jagtiani, J.: The Risk Effects of Combining Banking, Securities, and Insurance Activities, "Journal of Economics and Business", 52(6), pp. 485-497, 2000.
  2. Altunbas Y., Manganelli S., Marques-Ibanez D.: Bank risk during the financial crisis, Working Paper Series No 1394, November 2011, European Central Bank.
  3. Ayadi, R., De Groen, W. P.: Banking Business Models Monitor 2015: Europe, 2015.
  4. Baltagi, B.: Econometric Analysis of Panel Data. 5th edition. John Wiley and Sons ltd. 2013.
  5. Blundell R., Bond S.: Initial conditions and moment restrictions in dynamic panel data models, "Journal of Econometrics", 87, 1998.
  6. Brunnermeier, M. K., Dong, G., Palia, D.: Banks ' Non-Interest Income and Systemic Risk, AFA 2012 Chicago Meetings Paper, 2012.
  7. Calomiris C.W. : Building an incentive-compatible safety net, "Journal of Banking and Finance", 23,1499-1519, 1999.
  8. Croissant Y., Millo G.: Panel Data Econometrics in R: The plm Package, Vol. 27, Issue 2, 2008.
  9. Davis, E., Karim, D.: Comparing Early Warning Systems for Banking Crisis, "Journal of Financial Stability", 4(2), pp. 89-120, 2008.
  10. DeJonghe, O.: Back to the Basics in Banking? A Micro-analysis of Banking System Stability, "Journal of Financial Intermediation", 19(3), 2010, pp. 387-417.
  11. Demirgüç-Kunt A., Huizinga H.: Bank Activity and funding strategies: The impact on risk and returns, "Journal of Financial Economics", 98, 2010, pp. 626-650.
  12. ECB: Financial Stability Review, November 2018.
  13. Gonzales-Hermosillo B., Oura H., Changes in bank funding patterns and financial stability risks, in Global Financial stability report: Transition challenges to stability, IMF (2013).
  14. Goodhart C.A.E.: A framework for assessing financial stability?, "Journal of banking & finance", 30, 2006, pp. 3415-3422.
  15. Hausman, J.: Specification Tests in Econometrics. Econometrica, 46(6), 1978, 1251-1271.
  16. Honda Y.: Testing the Error Components Model With Non-Normal Disturbances, "Review of Economic Studies, 52(4), 1985, 681-690.
  17. Huang, R., Ratnovski, L., The dark side of bank wholesale funding, Journal of Financial Intermediation, 20, 2010, 248-263; Acharya, V. V., Gale, D., Yorulmazer, T., Rollover Risk and Market Freeze, Journal of Finance 66, 2011, 1177-1209.
  18. Köhler M.: Which banks are more risky? The impact of business models on bank stability, "Journal of Financial Stability", 16, 2015, pp. 195-212.
  19. Kok Ch., Móré C., Petrescu M.: Recent Trends in Euro Area Banks' Business Models and Implications for Banking Sector Stability, "Financial Stability Review, European Central Bank, vol. 1, 2016.
  20. Li X., Tripe D., Malone Ch.: Measuring bank risk: An exploration of z-score, 2017.
  21. Mergaerts F., Vander Vennet R.: Business models and bank performance: A long-term perspective, "Journal of Financial Stability", 22, 2016, pp. 57-75.
  22. Nadya J., Kick T.: Determinants of Banking System Stability: A Macro-Prudential Analysis, 2012.
  23. Niedziółka P.: Kredytowe instrumenty pochodne a stabilność finansowa, Oficyna Wydawnicza Szkoła Główna Handlowa, Warszawa, 2011.
  24. Strobel F.: Bank insolvency risk and Z-score measures with unimodal returns, Applied Economics Letters. 18. 1683-1685. 10.1080/13504851.2011.558474, 2011.
  25. Szczepańska O., Sotomska-Krzysztofik P., Pawliszyn M., Pawlikowski A.: Instytucjonalne uwarunkowania stabilności finansowej na przykładzie wybranych krajów, "Materiały i Studia", Zeszyt Nr 173, Narodowy Bank Polski, Warszawa 2004.
  26. Wagner, W.: The Liquidity of Bank Assets and Banking Stability, "Journal of Banking and Finance", 31(1), pp. 121-39, 2007.
Cytowane przez
Pokaż
ISSN
2081-3430
Język
eng
URI / DOI
http://dx.doi.org/10.22630/PEFIM.2020.24.73.34
Udostępnij na Facebooku Udostępnij na Twitterze Udostępnij na Google+ Udostępnij na Pinterest Udostępnij na LinkedIn Wyślij znajomemu