By Joseph Falzon (eds.)
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Extra resources for Bank Stability, Sovereign Debt and Derivatives
D. H. Schmidt, E. P. de Groen (2010) ‘Investigating diversity in the banking sector in Europe: key developments, performance and role of cooperative banks’, Brussels: Centre for European Policy Studies Banking and Finance, no. 28. J. Caprio and R. ’ World Bank Policy Research Working Paper, no. 2325. Basel Committee on Banking Supervision (BCBS) (2010) Basel 3: A Global Regulatory Framework for Liquidity Risk Measurement, Standards and Monitoring, Basel, December. , O. De Jonghe and G. Schepens (2011) ‘Bank competition and stability: cross-country heterogeneity’, European Banking Center Discussion Paper, Tilburg University, no.
Finally, in Ireland, South Korea and Sweden, commercial banks turned out to be the most stable in times of crisis. 4 identifies 11 countries where our proxy for banking systemic stability augmented from the pre-crisis to the crisis period, namely: Australia, Canada, the Czech Republic, Finland, Germany, Japan, Poland, Portugal, Slovenia, South Korea and Switzerland, while 15 countries registered a drop in LN_Z. 693). 3 Bank-specific items of data are extracted annually from the BankScope Database, including proxies for bank size (natural logarithm of a bank’s total assets in millions of euros: SIZE), liquidity risk (the ratio of net loans to deposits and short-term funding: LIQ), lending behavior (the ratio of net loans to total assets: CRED), efficiency (the cost-to-income ratio: CIR) and diversification (the ratio of non-interest income to net operating revenue: ID).
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