| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16893 |
| DP16893 Voluntary Support and Ring-Fencing in Cross-border Banks | |
| Gyöngyi Lóránth; Jing Zeng; Anatoli Segura | |
| 发表日期 | 2022-01-12 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We study supervisory interventions in cross-border banks under different institutional architectures in a model in which a bank may provide voluntary support to an impaired subsidiary using resources in a healthy subsidiary. While a supranational architecture permits voluntary support, a national architecture gives rise to inefficient ring-fencing of a healthy subsidiary when there is high correlation between the subsidiaries’ assets. The enhanced cross-subsidiary support allowed by a supranational architecture affects banks’ risk-taking, leading to a convergence of the subsidiary risk of banks with heterogeneous fundamentals. Finally, the objective to minimize national expected deposit insurance costs is achieved through a supranational architecture for riskier banks, but not so for safer banks even in situations in which it would be aggregate welfare improving. |
| 主题 | Financial Economics |
| 关键词 | Multinational bank Supervisory intervention Supranational supervision Voluntary support Ring-fencing |
| URL | https://cepr.org/publications/dp16893 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545821 |
| 推荐引用方式 GB/T 7714 | Gyöngyi Lóránth,Jing Zeng,Anatoli Segura. DP16893 Voluntary Support and Ring-Fencing in Cross-border Banks. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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