Academic Journal
How effective are bad bank resolutions? New evidence from Europe
| العنوان: | How effective are bad bank resolutions? New evidence from Europe |
|---|---|
| المؤلفون: | Marcella Lucchetta |
| المساهمون: | Lucchetta, Marcella |
| سنة النشر: | 2023 |
| المجموعة: | Università Ca’ Foscari Venezia: ARCA (Archivio Istituzionale della Ricerca) |
| مصطلحات موضوعية: | bad banks, resolutions, lending, non-performing loans, rescue packages, recapitalisations, Settore SECS-P/02 - Politica Economica, Settore SECS-P/01 - Economia Politica, Settore SECS-P/05 - Econometria, Settore SECS-P/11 - Economia degli Intermediari Finanziari |
| الوصف: | The paper studies the effectiveness of bank resolutions using a comprehensive database on banks headquartered in 18 European countries over the period 2000–19. By means of difference-in-differences methodology, we find that impaired asset segregations – otherwise known as bad banks – have been more effective than state-funded recapitalisations of distressed banks. While recapitalised banks seem to have used the injected funds mainly to clean up their balance sheets by reducing problem loans and cutting down on lending, banks that segregated assets increased progressively their lending after the creation of the bad bank. For both types of banking crisis interventions, we find a significant ex-post reduction in the cost of bank funding and shift towards deposit funding. |
| نوع الوثيقة: | article in journal/newspaper |
| وصف الملف: | ELETTRONICO |
| اللغة: | English |
| ردمك: | 978-1-57230-892-3 1-57230-892-3 |
| Relation: | info:eu-repo/semantics/altIdentifier/wos/WOS:001037020600001; volume:67; journal:JOURNAL OF FINANCIAL STABILITY; https://hdl.handle.net/10278/5023600; info:eu-repo/semantics/altIdentifier/scopus/2-s2.0-85163798989; https://www.sciencedirect.com/science/article/abs/pii/S1572308923000530 |
| DOI: | 10.1016/j.jfs.2023.101153 |
| الاتاحة: | https://hdl.handle.net/10278/5023600 https://doi.org/10.1016/j.jfs.2023.101153 https://www.sciencedirect.com/science/article/abs/pii/S1572308923000530 |
| Rights: | info:eu-repo/semantics/openAccess |
| رقم الانضمام: | edsbas.CAAB50F3 |
| قاعدة البيانات: | BASE |
| ردمك: | 9781572308923 1572308923 |
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| DOI: | 10.1016/j.jfs.2023.101153 |