Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/268927 
Erscheinungsjahr: 
2021
Schriftenreihe/Nr.: 
JRC Working Papers in Economics and Finance No. 2021/8
Verlag: 
European Commission, Ispra
Zusammenfassung: 
What has been the impact of the Comprehensive Assessment (CA) carried out by the ECB on banks' resilience? Implementing a difference-indifference approach, we analyse a non-risk based measure defined as the ratio of Tier 1 capital over total assets of European banks' balance sheets during the years 2007-2018. This wide time span, compared to previous literature, allows a better analysis of CA's medium-term effects. We find that banks under the CA have a higher ratio, suggesting that the CA has contributed to foster banks' resilience. Importantly, this seems to have been achieved by banks increasing their capitalization level without shrinking their assets. In addition, this impact appears to be driven by banks located in countries where the regulatory environment and property rights are relatively less strong.
Schlagwörter: 
Comprehensive assessment
European banks
Financial stability
Regulation
JEL: 
G21
G28
Creative-Commons-Lizenz: 
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Dokumentart: 
Working Paper

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