State Aid and Deposit Guarantee Schemes. The CJEU Decision on Tercas and the Role of DGSs in Banking Crises

2019 ◽  
Author(s):  
Andrea Vignini
Keyword(s):  
Banking Crises ◽  
State Aid ◽  
Deposit Guarantee Schemes

The persistent effect of banking crises on investment and the role of financial markets

2014 ◽  
Vol 6 (1) ◽  
pp. 64-77 ◽  
Author(s):  
Felix Rioja ◽  
Fernando Rios-Avila ◽  
Neven Valev
Keyword(s):  
Financial Markets ◽  
Financial Development ◽  
Banking Crisis ◽  
Banking Crises ◽  
Output Growth ◽  
Long Term Effects ◽  
Content Type ◽  
Negative Effect

Purpose – While the literature studying the effect of banking crises on real output growth rates has found short-lived effects, recent work has focused on the level effects showing that banking crises can reduce output below its trend for several years. This paper aims to investigate the effect of banking crises on investment finding a prolonged negative effect. Design/methodology/approach – The authors test to see whether investment declines after a banking crisis and, if it does, for how long and by how much. The paper uses data for 148 countries from 1963 to 2007. Econometrically, the authors test how banking crises episodes affect investment in future years after controlling for other potential determinants. Findings – The authors find that the investment to GDP ratio is on average about 1.7 percent lower for about eight years following a banking crisis. These results are robust after controlling for credit availability, institutional characteristics, and a host of other factors. Furthermore, the authors find that the size and duration of this adverse effect on investment varies according to the level of financial development of a country. The largest and longer-lasting decrease in investment is found in countries in a middle region of financial development, where finance plays its most important role according to theory. Originality/value – The authors contribute by finding that banking crisis can have long-term effects on investment of up to nine years. Further, the authors contribute by finding that the level of development of the country's financial markets affects the duration of this decrease in investment.

scholarly journals The Role of Macroeconomic Shocks in Banking Crises

2002 ◽  
Author(s):  
Jarmo Pesola
Keyword(s):  
Banking Crises ◽  
Macroeconomic Shocks

Banking Crises and State Aid Discipline

2016 ◽  
pp. 154-164
Author(s):  
Giuseppe Boccuzzi
Keyword(s):  
Banking Crises ◽  
State Aid

The Role of Institutional and State Aid Policies in Average Student Debt

2014 ◽  
Vol 655 (1) ◽  
pp. 123-142 ◽  
Author(s):  
James Monks
Keyword(s):  
Financial Aid ◽  
Media Coverage ◽  
State Aid ◽  
Student Debt ◽  
Student Aid ◽  
Financial Aid Policy ◽  
Average Student ◽  
The Cost ◽  
Debt Levels

Rising college student debt levels have received considerable media coverage and have even prompted policy proposals that link rising student debt with tuition inflation. This article examines the role of state aid policies coupled with tuition and financial aid policy and academic outcomes in determining variation in average student debt. A focus solely on tuition as the culprit in rising student debt misses the significant role that state and institutional financial aid policies and student outcomes play in determining debt levels across higher education institutions. Specifically, colleges and universities being need-blind in admissions, meeting-full-need, limiting loans, and graduating students in high paying majors can have a larger impact on student debt levels than can the cost of attendance. Similarly, higher state-provided student aid significantly lowers average student debt at public universities.

The Role of Household and Business Credit in Banking Crises

CFA Digest ◽  
2010 ◽  
Vol 40 (2) ◽  
pp. 23-25
Author(s):  
Johann U. de Villiers
Keyword(s):  
Banking Crises

The role of State aid law in energy

2020 ◽  
pp. 123-139
Author(s):  
Ignacio Herrera Anchustegui ◽  
Christian Bergqvist
Keyword(s):  
State Aid
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