Economic policy uncertainty and bank stability: Does bank regulation and supervision matter in major European economies?
Motivated by the unprecedented high levels of recent economic policy uncertainty in Europe and the globe, this paper examines the relationship between economic policy uncertainty and bank stability, as well as the conditioning effects of bank regulation and supervision on this relationship. Using a...
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Định dạng: | Bài trích |
Ngôn ngữ: | eng |
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Journal of International Financial Markets, Institutions and Money
2021
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Truy cập trực tuyến: | https://www.sciencedirect.com/science/article/abs/pii/S1042443121001062?via%3Dihub https://dlib.phenikaa-uni.edu.vn/handle/PNK/2855 https://doi.org/10.1016/j.intfin.2021.101387 |
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oai:localhost:PNK-28552022-08-17T05:54:48Z Economic policy uncertainty and bank stability: Does bank regulation and supervision matter in major European economies? Thanh Cong Nguyen Economic policy uncertainty Bank stability Bank regulation and supervision Motivated by the unprecedented high levels of recent economic policy uncertainty in Europe and the globe, this paper examines the relationship between economic policy uncertainty and bank stability, as well as the conditioning effects of bank regulation and supervision on this relationship. Using a sample of more than 950 commercial banks in eight major European countries over the period 2005–2020, economic policy uncertainty has been consistently linked to a sharp decrease in bank stability, once other traditional drivers are controlled for. More importantly, this paper offers important insights into how strengthening bank regulation and supervision, particularly regulations on activity restrictions, capital stringency, official supervisory power, and private monitoring, cushions the adverse effects of policy uncertainty on bank stability. 2021-09-14T07:14:54Z 2021-09-14T07:14:54Z 2021 Bài trích https://www.sciencedirect.com/science/article/abs/pii/S1042443121001062?via%3Dihub https://dlib.phenikaa-uni.edu.vn/handle/PNK/2855 https://doi.org/10.1016/j.intfin.2021.101387 eng Journal of International Financial Markets, Institutions and Money |
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Digital Phenikaa |
collection |
Digital Phenikaa |
language |
eng |
topic |
Economic policy uncertainty Bank stability Bank regulation and supervision |
spellingShingle |
Economic policy uncertainty Bank stability Bank regulation and supervision Thanh Cong Nguyen Economic policy uncertainty and bank stability: Does bank regulation and supervision matter in major European economies? |
description |
Motivated by the unprecedented high levels of recent economic policy uncertainty in Europe and the globe, this paper examines the relationship between economic policy uncertainty and bank stability, as well as the conditioning effects of bank regulation and supervision on this relationship. Using a sample of more than 950 commercial banks in eight major European countries over the period 2005–2020, economic policy uncertainty has been consistently linked to a sharp decrease in bank stability, once other traditional drivers are controlled for. More importantly, this paper offers important insights into how strengthening bank regulation and supervision, particularly regulations on activity restrictions, capital stringency, official supervisory power, and private monitoring, cushions the adverse effects of policy uncertainty on bank stability. |
format |
Bài trích |
author |
Thanh Cong Nguyen |
author_facet |
Thanh Cong Nguyen |
author_sort |
Thanh Cong Nguyen |
title |
Economic policy uncertainty and bank stability: Does bank regulation and supervision matter in major European economies? |
title_short |
Economic policy uncertainty and bank stability: Does bank regulation and supervision matter in major European economies? |
title_full |
Economic policy uncertainty and bank stability: Does bank regulation and supervision matter in major European economies? |
title_fullStr |
Economic policy uncertainty and bank stability: Does bank regulation and supervision matter in major European economies? |
title_full_unstemmed |
Economic policy uncertainty and bank stability: Does bank regulation and supervision matter in major European economies? |
title_sort |
economic policy uncertainty and bank stability: does bank regulation and supervision matter in major european economies? |
publisher |
Journal of International Financial Markets, Institutions and Money |
publishDate |
2021 |
url |
https://www.sciencedirect.com/science/article/abs/pii/S1042443121001062?via%3Dihub https://dlib.phenikaa-uni.edu.vn/handle/PNK/2855 https://doi.org/10.1016/j.intfin.2021.101387 |
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1751856303797436416 |
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8.889492 |