Warianty tytułu
Języki publikacji
Abstrakty
The article explores whether the TBTF status influences interest costs reported by banks in Central European countries. We use a comprehensive dataset covering the period from 1994 to 2009 and the different methods of identifying TBTF banks. After controlling for other determinants of interest costs, we find very little evidence that the big banks in Central European countries incur lower interest costs. Our results are robust to the changes in the estimation procedures. (original abstract)
Słowa kluczowe
Czasopismo
Rocznik
Numer
Strony
208--220
Opis fizyczny
Twórcy
autor
- Akademia Leona Koźmińskiego w Warszawie
autor
- Akademia Leona Koźmińskiego w Warszawie
autor
- BGŻ SA
Bibliografia
- Athavale M. (2000), Uninsured deposits and the too-big-to-fail policy in 1984 and 1991, "American Business Review", vol. 18 (2) p. 123-128.
- Balasubramnian B., Cyrce K.B. (2011), Market discipline of banks: Why are yield spread on bank-issued subordinated notes and debentures not sensitive to banks risks ?, "Journal of Banking and Finance", vol. 35, p. 21-35.
- Ellis D.M., Flannery M.J. (1992), Does the debt market assess large banks' risk ? Time series evidence from money center CDs, "Journal of Monetary Economics", vol. 30, p. 481-502.
- Hasan I, Jackowicz K., Kowalewski O., Koz³owski £. (2012), Market discipline during crisis: Evidence from bank depositors in transition countries, Wharton Financial Institution Center Working Paper 12-12.
- Jackowicz K., Kowalewski O., Kozłowski Ł. (2012), Do depositors react to the conditions of banks' foreign owners? The univariate evidence from Central European countries, "Studia Ekonomiczne Uniwersystetu Ekonomicznego w Katowicach", issue 104, p. 137-144.
- Karas A., Schoors K. (2012), Bank network, interbank liquidity runs and the identitication of banks that are Too InterConnected to Fail, Second CInST Banking Workshop, Moscow.
- Krause A., Ginsante S. (2012), Interbank lending and the spread of bank failures: A network model of systemic risk, Journal of Economic Behavior and Organization, doi.org/10.1016/j.jebo.2012.05.015.
- Markose S., Giansante S., Shaghaghi A.R. (2012), 'Too interconnected to fail' financial network of US CDS market: Topological fragility and systemic risk, "Journal of Economic Behavior and Organization", http://dx.doi.org/10.1016/j.jebo.2012.05.016.
- Oliveira R.F., Schiozer R.F., Barros L.A.B. (2011), Financial crisis and cross-border too big to fail perception, Midwest Finance Association 2012 Annual Meetings Paper. Available at SSRN: http://dx.doi.org/10.2139/ssrn.1787661.
- Pop A., Pop D. (2009), Requiem for market discipline and the specter of TBTF in Japanese banking, "The Quarterly Review of Economics and Finance", vol. 49, p. 1429-1459.
- Völz M., Vedow M. (2011), Market discipline and too-big-to-fail in the CDS market: Does banks' size reduce market discipline ?, "Journal of Empirical Finance", vol. 18, p. 195-210.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171289865