Turkish currency crisis – Spillover effects on European banks
نویسندگان
چکیده
منابع مشابه
Crisis performance of European banks – does management ownership matter?
Failure in bank corporate governance has been seen as a contributing factor to excessive risk-taking pre-crisis with devastating implications as risks realised during the financial crisis. Unfortunately, the empirical evidence on the impact of managerial incentives on bank crisis performance is scarce. Moreover, bank strategy has not previously been accounted for. Hence, this paper presents nov...
متن کامل1 Currency Crisis Models
There have been many currency crises during the postwar era (see Kaminsky and Reinhart, 1999). A currency crisis is an episode in which the exchange rate depreciates substantially during a short period of time. There is an extensive literature on the causes and consequences of a currency crisis in a country with a fixed or heavily managed exchange rate. The models in this literature are often c...
متن کاملDynamic Hedging in Currency Crisis
Garber and Spencer have argued that dynamic hedging may lead to perverse results when interest rates are used to defend an exchange rate. This paper shows that interest rate changes have little effects on dynamic hedgers when volatility is high.
متن کاملEffects of European Sovereign Debt (Leverage) Crisis on Bilateral Trade Flows
Outbreak of 2009 European sovereign debt (leverage) crisis has been one of the most crucial economic events of recent years. Accordingly, researchers devoted a great deal of efforts to elucidate origins and consequences of this crisis, particularly focusing on its potential effect on international trade flows. Yet in the literature, there have been rare studies on exploring the effects of sover...
متن کاملBanks’ Strategies and Cost of Money: Effects of the Financial Crisis on the European Electronic Overnight Interbank Market
We present an empirical analysis of the European electronic interbank market of overnight lending e-MID during the years 1999-2009. After introducing the market mechanism, we consider the activity, defined as the number of trades per day; the spreads, defined as the difference between the rate of a transaction and the key rates of the European Central Bank; the lending conditions, defined as th...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Borsa Istanbul Review
سال: 2019
ISSN: 2214-8450
DOI: 10.1016/j.bir.2019.07.003