Liquidity Risk, Efficiency and New Bank Business Models

Editors: Santiago Carbó Valverde, Pedro Jesús Cuadros Solas, Francisco Rodríguez Fernández



This collection provides an overview of the latest research topics in the academic study of finance and banking to enrich our understanding of recent trends and research tendencies

Empirical studies offer a clear framework to illuminate the novel research that is being conducted in the post-financial crisis period

Contributors hail from a wide range of European countries and universities to offer a varied and holistic view of topics such as liquidity risk and efficiency, and new bank business models

The papers are the product of vibrant and extensive discussions at the Wolpertinger Conference, 2015

This book provides insight into current research topics in finance and banking in the aftermath of the financial crisis. In this volume, authors present empirical research on liquidity risk discussed in the context of Basel III and its implications. Chapters also investigate topics such as bank efficiency and new bank business models from a business diversification perspective, the effects on financial exclusion and how liquidity mismatches are related with the bank business model. This book will be of value to those with an interest in how Basel III has had a tangible impact upon banking processes, particularly with regard to maintaining liquidity, and the latest research in financial business models.

Table of contents

Front Matter
Pages i-xxi

Introduction
Pages 1-4

A Note on Regulatory Arbitrage: Bank Risk, Capital Risk, Interest Rate Risk and ALM in European Banking
Pages 5-33

Basel III, Liquidity Risk and Regulatory Arbitrage
Pages 35-55

OTC Derivatives and Counterparty Credit Risk Mitigation: The OIS Discounting Framework
Pages 57-91

Diversification and Connections in Banking: First Findings
Pages 93-125

Banking System and Financial Exclusion: Towards a More Comprehensive Approach
Pages 127-161

Small and Medium-Sized Banks in Central and Eastern European Countries
Pages 163-203

Stock Returns and Bank Ratings in the PIIGS
Pages 205-239

Value Creation Drivers in European Banks: Does the Capital Structure Matter?
Pages 241-272

Liquidity Mismatch, Bank Borrowing Decision and Distress: Empirical Evidence from Italian Credit Co-Operative Banks
Pages 273-299

Back Matter
Pages 301-305

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