Covid 19 And European Banking Performance

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COVID-19 and European Banking Performance

Author : Paul Wachtel,Ewa Miklaszewska
Publisher : Taylor & Francis
Page : 201 pages
File Size : 44,7 Mb
Release : 2023-07-26
Category : Business & Economics
ISBN : 9781000913576

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COVID-19 and European Banking Performance by Paul Wachtel,Ewa Miklaszewska Pdf

The monograph presents a comprehensive analysis of the impact of the COVID-19 pandemic on European banking, both at a macro and a micro level. It analyses the impact of the pandemic on bank stability, performance and credit policies, as well as their strategic adjustments to the challenges brought about by the COVID-19 pandemic. The initial chapters analyze the various governmental responses to the pandemic. Topics of discussion include the scale and scope of the wide range of public policies undertaken to mitigate the consequences of the crisis, and their efficiency in limiting the negative impact of the pandemic on the economy. The results suggest that the extensive public interventions have been largely successful in averting the possible disastrous consequences for the financial sector on a macro level. On a micro level, the COVID-19 pandemic has disrupted the restructuring and recovery of the banking industry started after the 2008 crisis which has had a significant impact on economies around the world, arguably leading to a negative long-lasting effect on sustainable development. To examine this, the book focuses on the impact of the pandemic on bank lending policies, bank stability and performance, and on competitive position of the banks vis a vis the FinTech sector. Offering a thorough overview of the issues that banks will have to face as a consequence of pandemic related macroeconomic and industry adjustments, the book will be of interest to scholars, researchers and students of banking and finance as well as banking specialists concerned with the impact of crises on financial markets, risks and resilience.

COVID-19 and European Banking Performance

Author : Paul Wachtel,Ewa Miklaszewska
Publisher : Unknown
Page : 0 pages
File Size : 43,7 Mb
Release : 2023
Category : BUSINESS & ECONOMICS
ISBN : 1000913600

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COVID-19 and European Banking Performance by Paul Wachtel,Ewa Miklaszewska Pdf

"The monograph presents a comprehensive analysis of the impact of the COVID-19 pandemic on European banking, both at a macro and a micro level. It analyses the impact of the pandemic on bank stability, performance and credit policies, as well as their strategic adjustments to the challenges brought about by the COVID-19 pandemic. The initial chapters analyse the various governmental responses to the pandemic. Topics of discussion include the scale and scope of the wide range of public policies undertaken to mitigate the consequences of the crisis, and their efficiency in limiting the negative impact of the pandemic on the economy. The results suggest that the extensive public interventions have been largely successful in averting the possible disastrous consequences for the financial sector on a macro level. On a micro level, the COVID-19 pandemic has disrupted the restructuring and recovery of the banking industry started after the 2008 crisis which has had a significant impact on economies around the world, arguably leading to a negative long-lasting effect on sustainable development. To examine this, the book focuses on the impact of the pandemic on bank lending policies, bank stability and performance, and on competitive position of the banks vis a vis the FinTech sector. Offering a thorough overview of the issues that banks will have to face as a consequence of pandemic related macroeconomic and industry adjustments, the book will be of interest to scholars, researchers and students of banking and finance as well as banking specialists concerned with the impact of crises on financial markets, risks and resilience"--

Banking, Risk and Crises in Europe

Author : Renata Karkowska,Zbigniew Korzeb,Anna Matysek-Jędrych,Paweł Niedziółka
Publisher : Taylor & Francis
Page : 142 pages
File Size : 53,6 Mb
Release : 2023-04-13
Category : Business & Economics
ISBN : 9781000865257

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Banking, Risk and Crises in Europe by Renata Karkowska,Zbigniew Korzeb,Anna Matysek-Jędrych,Paweł Niedziółka Pdf

European economies have been plagued by successive crises, from the Global Financial Crisis (GFC) to the COVID-19 pandemic, through to the economic and geopolitical instability in Ukraine. These events, the uncertainty they generate combined with dynamic technological progress and significant sociocultural changes, have profoundly modified the character of modern finance. Understanding what happened, what mechanisms worked, and the reaction of the banking sector, bank customers, and policymakers require an in-depth and structured analysis. This book critically assesses the impact of these events, notably the COVID-19 pandemic, on the performance of the banking sector in Europe and serves as a compendium of knowledge on recent changes in European banking from two perspectives: firstly, European banking transformation, analyzing the process of what has already taken place, in particular, the GFC and COVID-19 crises; secondly, the challenges facing the operations and strategic management of European banks. It identifies specific areas of impact on the activity of commercial banks and the determining factors that will shape the economic and financial condition of banks and their customers – borrowers – in the future. Risk management, particularly credit risk, is a key focus of this volume. Each chapter, implicitly or explicitly, address a variety of questions that can help the reader to understand the complex nature of the transformation of the banking sector. The book provides a structured reference for those concerned with the impact of volatility on the business models of modern banks. As such, it will find a broad audience among students, academics, banking, financial, business, and industry professionals, policymakers, and market regulators.

COVID-19: How Will European Banks Fare?

Author : Mr.Shekhar Aiyar,Mai Chi Dao,Mr.Andreas A. Jobst,Ms.Aiko Mineshima,Ms.Srobona Mitra,Mahmood Pradhan
Publisher : International Monetary Fund
Page : 114 pages
File Size : 49,8 Mb
Release : 2021-03-26
Category : Business & Economics
ISBN : 9781513572772

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COVID-19: How Will European Banks Fare? by Mr.Shekhar Aiyar,Mai Chi Dao,Mr.Andreas A. Jobst,Ms.Aiko Mineshima,Ms.Srobona Mitra,Mahmood Pradhan Pdf

This paper evaluates the impact of the crisis on European banks’ capital under a range of macroeconomic scenarios, using granular data on the size and riskiness of sectoral exposures. The analysis incorporates the important role of pandemic-related policy support, including not only regulatory relief for banks, but also policies to support businesses and households, which act to shield the financial sector from the real economic shock.

The Economic and Financial Impacts of the COVID-19 Crisis Around the World

Author : Allen N. Berger,Mustafa U. Karakaplan,Raluca A. Roman
Publisher : Elsevier
Page : 522 pages
File Size : 45,9 Mb
Release : 2023-09-05
Category : Business & Economics
ISBN : 9780443152733

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The Economic and Financial Impacts of the COVID-19 Crisis Around the World by Allen N. Berger,Mustafa U. Karakaplan,Raluca A. Roman Pdf

The Economic and Financial Impacts of the COVID-19 Crisis Around the World: Expect the Unexpected provides an informed, research-based in-depth understanding of the COVID-19 crisis, its impacts on households, nonfinancial firms, banks, and financial market participants, and the effectiveness of the reactions of governments and policymakers in the United States and around the world. It provides reflections and perspectives on the social costs and benefits of various policies undertaken and a toolkit of preventive measures to deal with crises beyond the COVID-19 crisis. Authors Allen N. Berger, Mustafa U. Karakaplan, and Raluca A. Roman apply their expertise to the research and data on the COVID-19 economic crisis as well as draw on their own rich research experience. They take a holistic approach that compares and contrasts this crisis with other economic and financial crises and assesses economic and financial behavior and government policies in the booms before crises and the aftermaths following them, as well as the crises themselves. They do all this with a keen eye on “Expecting the Unexpected future crises, and policies that might anticipate them and provide better outcomes for society. Serves as a compendium of available research and data on COVID-19, policies in response to the pandemic, and its effects on the real economy, banking sector, and financial markets Contextualizes the COVID-19 economic crisis by comparing it to two other global crises from the past: the Crash of 1929 and the Global Financial Crisis of 2007–2009 Helps illustrate how crises that originate in financial markets and in the banking sector differ from each other as well as from the COVID-19 crisis that harmed the real economy first Compares the policies and outcomes of nations to the COVID-19 pandemic and assesses their costs and benefits, with potential implications for prospective future crises

The Effect of Covid-19 on Loan Loss Provisions and Earnings Management of European Banks

Author : Merjona Lamaj
Publisher : Springer Nature
Page : 69 pages
File Size : 55,9 Mb
Release : 2023-01-12
Category : Business & Economics
ISBN : 9783658400606

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The Effect of Covid-19 on Loan Loss Provisions and Earnings Management of European Banks by Merjona Lamaj Pdf

This book examines the effect of Covid-19 on loan loss provisions (LLPs) and earnings management of European banks. Specifically, the author analyzes how the high flexibility offered by prudential authorities and standard setters in the context of Covid-19 affects banks’ use of discretion when accounting for loan loss provisions. She finds that during Covid-19 banks use discretionary LLPs to a greater extent than before Covid-19. This trend is more evident for banks located in countries that have implemented strong containment measures as a response to the Covid-19 pandemic. Moreover, while banks tend to overstate LLPs at the beginning of the pandemic, they do, on average, understate them during 2021. Finally, examining the direction of earnings management the author finds that during Covid-19 banks use upward earnings management, whereas before Covid-19 they engage in downward earnings management.

Handbook of Research on Global Aspects of Sustainable Finance in Times of Crises

Author : Gok, Ibrahim Yasar
Publisher : IGI Global
Page : 442 pages
File Size : 49,7 Mb
Release : 2021-11-19
Category : Business & Economics
ISBN : 9781799885030

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Handbook of Research on Global Aspects of Sustainable Finance in Times of Crises by Gok, Ibrahim Yasar Pdf

Sustainable finance has been one of the emerging areas of finance in the last decade. With its emphasis on any form of financial services that take environmental, social and governance (ESG) considerations into account in decision-making processes, it can help to improve social well-being, preserve the ecosystems and promote sustainable economic development. Furthermore, it can contribute to economic and financial resilience, along with enabling sustainable recovery against crises arising from physical or financial shocks. The Handbook of Research on Global Aspects of Sustainable Finance in Times of Crises discusses theory and concepts, focuses on practices and strategies, addresses the recent challenges and trends, and presents future prospects regarding sustainable finance. It provides a global look at sustainable finance in a variety of contexts, along with highlighting contemporary issues in light of crises such as the climate emergency and the COVID-19 pandemic. Covering a wide range of topics such as climate finance, green finance, social finance, ESG investing and responsible banking, the book is ideal for corporate managers, portfolio managers, investors, financial analysts, researchers, academicians, students and policymakers.

Financial Transformations Beyond The Covid-19 Health Crisis

Author : Sabri Boubaker,Duc Khuong Nguyen
Publisher : World Scientific
Page : 857 pages
File Size : 40,7 Mb
Release : 2022-05-18
Category : Business & Economics
ISBN : 9781800610798

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Financial Transformations Beyond The Covid-19 Health Crisis by Sabri Boubaker,Duc Khuong Nguyen Pdf

The COVID-19 global health pandemic, which started in late December 2019, forced many countries to adopt unusual measures such as social distancing and strict lockdowns. It changed many of our certainties and practices, including the foundations of the market-led version of capitalism, by bringing social and health considerations back to the forefront of firms' considerations, investors' strategies and governments' priorities. Under the effects of this unprecedented crisis, all sectors of finance and real economy have been seriously affected.Health uncertainties and their increasing consequences for human life and activities require stronger and faster actions to shape pathways towards sustainability and better resilience. The COVID-19 health crisis is a visible part of a greater iceberg: the World Health Organization has tracked, over recent years, a large number of epidemic events around the world, suggesting that many other similar diseases could appear and evolve in the future from epidemic to pandemic in a globalized world.Financial Transformations Beyond the COVID-19 Health Crisis was specifically designed to provide the readers with new results, recent findings and future outlook on the impacts of COVID-19 on financial markets, firm behaviors, and finance and investment strategies. It favors multidimensional perspectives and brings together conceptual, empirical and policy-oriented chapters, using quantitative and qualitative methods alike. This is a timely and comprehensive collection of theoretical, empirical and policy contributions from renowned scholars around the world, and provides the thoughts and insights required to rethink the financial sector in the event of new shocks of the same nature.

Real and Financial Sectors in Post-Pandemic Central and Eastern Europe

Author : Bojana Olgić Draženović,Vesna Buterin,Stella Suljić Nikolaj
Publisher : Springer Nature
Page : 194 pages
File Size : 53,8 Mb
Release : 2022-05-11
Category : Business & Economics
ISBN : 9783030998509

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Real and Financial Sectors in Post-Pandemic Central and Eastern Europe by Bojana Olgić Draženović,Vesna Buterin,Stella Suljić Nikolaj Pdf

This book offers new insights into the real and financial sectors in the post-pandemic European Union, with a specific focus on the countries of Central and Eastern Europe and a special reference to Croatia. The contributors examine the timeliness, justification, and appropriateness of the measures taken in response to the deteriorating economic conditions and the associated outcomes. They further discuss various aspects of economic, financial, and energy policy. While doing so, they focus on two important issues. The first is an analysis and assessment of the financial development and performance of the real sector. The second is an insight into the institutional dimensions of the COVID-19 pandemic, including the discussion of obstacles and opportunities for recovery in the near future. The topics covered in this book include, but are not limited to, unconventional monetary policy, financial cycles, fiscal incentives, institutional development and institutional quality, the banking system, real estate markets, competitiveness, pension systems, financial regulation, energy markets, environmental, social, and governance (ESG) factors, as well as agricultural policy. Therefore, this volume will appeal to researchers, students, and scholars of finance and economics, as well as policy-makers interested in a better understanding of real and financial sectors, economic policy, and post-pandemic economic development in Central and Eastern Europe.

Creating Value and Improving Financial Performance

Author : Paul Wachtel,Giovanni Ferri,Ewa Miklaszewska
Publisher : Springer Nature
Page : 293 pages
File Size : 50,7 Mb
Release : 2023-03-21
Category : Business & Economics
ISBN : 9783031248764

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Creating Value and Improving Financial Performance by Paul Wachtel,Giovanni Ferri,Ewa Miklaszewska Pdf

This book discusses the transformation of the banking industry, particularly after a number of recent shocks: 2008 financial crisis, 2012 Euro-sovereign crisis, the pandemic COVID-19 crisis, the technological revolution, and reputational problems in banking due to climate risk and ESG (Environmental, Social and Governance) metrics. The book emphasizes two post-pandemic issues: the role of financial education and inclusive finance, and responsible banking and ESG priorities. Individual chapters analyse how the pandemic shed new light on social and governance responsibilities: Major issues include the importance and efficiency of financial education, and the impact of ESG programs on firms’ value, banks’ probability of default, bank business models and reputation risk. The book also addresses investors’ behaviour and the factors which may bias financial disclosure and reporting. By addressing whether the post-2008 crisis bank restructuring has effectively created a resilient and sustainable banking system – mostly from the European market’s perspective – the book will be of interest to researchers, academics, policy makers, and professionals of banking and financial institutions.

Handbook of Research on Reinventing Economies and Organizations Following a Global Health Crisis

Author : Costa, Teresa Gomes da,Lisboa, Inês,Teixeira, Nuno Miguel
Publisher : IGI Global
Page : 554 pages
File Size : 54,5 Mb
Release : 2021-06-11
Category : Business & Economics
ISBN : 9781799869276

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Handbook of Research on Reinventing Economies and Organizations Following a Global Health Crisis by Costa, Teresa Gomes da,Lisboa, Inês,Teixeira, Nuno Miguel Pdf

Due to the global health crisis, economies had to adapt to combat pandemic situations. In the present pandemic crisis, new legislation, methods, labor approaches, values, and social behaviors have emerged with a huge impact in all organizations. However, countries have applied different solutions, procedures, and rules to deal with crises. Therefore, the impact has been different per country. Organizations need to understand their customers and businesses not only to increase operational efficiency but also to increase stakeholder’s satisfaction and their competitiveness in a sustainable way. Customers are becoming more exigent and markets more complex, calling for the need for higher differentiation. This was enhanced in this pandemic situation, and to survive, organizations needed to change and adapt to the new normal. The Handbook of Research on Reinventing Economies and Organizations Following a Global Health Crisis deals with management and economic issues, particularly with the reinvention of businesses and economies due to the pandemic situation and the relevance of entrepreneurship, innovation, and intensive knowledge used to deal with these changes. This book emphasizes the challenges, difficulties, and opportunities for the success of businesses and economies in periods of crisis and provides information for dealing with entrepreneurship and innovation, networks, and complementarities to recover businesses. The chapters also point out possible opportunities, challenges, and risks in the process of recovery highlighting innovation, internationalization, technology, and intensive knowledge in promoting economies and companies’ competitiveness. This book is ideal for entrepreneurs, managers, economists, directors, shareholders, researchers, academicians, and students interested in how businesses reinvent and recover following a global health crisis.

Investigating Diversity in the Banking Sector in Europe: The Performance and Role of Savings Banks

Author : Anonim
Publisher : CEPS
Page : 215 pages
File Size : 44,7 Mb
Release : 2009
Category : Banks and banking, Cooperative
ISBN : 9789290798682

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Investigating Diversity in the Banking Sector in Europe: The Performance and Role of Savings Banks by Anonim Pdf

"This book investigates the merits of a diverse banking system with a special focus on the performance and role of cooperative banks in seven European countries where they are prominent (Austria, Finland, France, Germany, Italy, the Netherlands and Spain). The theoretical and empirical arguments that are developed in this book tend to support the view that it is economically beneficial to have stakeholder-value banks with a dual bottom-line function, such as cooperative banks. For those who accept this premise, it would suggest that policy-makers should not take or support actions that could jeopardise this valuable element of the financial system in various countries in Europe and of the emerging integrated European financial system."--Publisher description.

COVID-19 and the Resilience of European Firms

Author : Mercedes Teruel,Sofia Amaral-Garcia,Péter Bauer,Alexander Coad,Clemens Domnick,Péter Harasztosi,Rozália Pál
Publisher : Unknown
Page : 0 pages
File Size : 46,7 Mb
Release : 2022
Category : Electronic
ISBN : 9286153929

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COVID-19 and the Resilience of European Firms by Mercedes Teruel,Sofia Amaral-Garcia,Péter Bauer,Alexander Coad,Clemens Domnick,Péter Harasztosi,Rozália Pál Pdf

We analyse how the COVID-19 crisis impacted firms' employment levels and digitalisation efforts differently depending on their pre-crisis productivity, digitalisation and growth performance. We match the EIB Investment Survey with firm-level financial statements from the ORBIS database for 27 EU Member States and the United Kingdom. Following the sales decline during the crisis, we show that: (1) Higher productivity firms are less prone to reduce the number of employees both in the short and in the long term; (2) High-growth enterprises are also less prone to reduce the number of employees in the long term; (3) Firms in highly digitalised sectors are less likely to reduce the number of employees; (4) Firms are more likely to increase their use of digital technologies, especially those that were already more digitalised before the crisis.

Corporate Liquidity and Solvency in Europe during COVID-19: The Role of Policies

Author : Mr.Christian H Ebeke,Nemanja Jovanovic,Ms.Laura Valderrama,Jing Zhou
Publisher : International Monetary Fund
Page : 48 pages
File Size : 43,7 Mb
Release : 2021-03-02
Category : Business & Economics
ISBN : 9781513570914

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Corporate Liquidity and Solvency in Europe during COVID-19: The Role of Policies by Mr.Christian H Ebeke,Nemanja Jovanovic,Ms.Laura Valderrama,Jing Zhou Pdf

The spread of COVID-19, containment measures, and general uncertainty led to a sharp reduction in activity in the first half of 2020. Europe was hit particularly hard—the economic contraction in 2020 is estimated to have been among the largest in the world—with potentially severe repercussions on its nonfinancial corporations. A wave of corporate bankruptcies would generate mass unemployment, and a loss of productive capacity and firm-specific human capital. With many SMEs in Europe relying primarily on the banking sector for external finance, stress in the corporate sector could easily translate into pressures in the banking system (Aiyar et al., forthcoming).

The Impact of COVID-19 on Financial Markets and the Real Economy

Author : Ştefan Cristian Gherghina
Publisher : Mdpi AG
Page : 0 pages
File Size : 50,5 Mb
Release : 2023-06-09
Category : Business & Economics
ISBN : 3036577963

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The Impact of COVID-19 on Financial Markets and the Real Economy by Ştefan Cristian Gherghina Pdf

This reprint comprises 17 papers published in the Special Issue entitled "The Impact of COVID-19 on Financial Markets and the Real Economy", centered on socioeconomic models affected by the pandemic (Vasin, 2022); the COVID-19 impact on various sectors or the economy as a whole, for instance in Canada (Singh et al., 2022), China (Habibi et al., 2022), Slovakia (Svabova et al., 2022), the United States (Rodousakis & Soklis, 2022) or Vietnam (Huynh et al., 2021; Nguyen et al., 2022); the benefits of teleworking on the continuity of operations across various sectors (Santos et al., 2022); research of the tourism and recreational possibilities of Russia and Kazakhstan's cross-border regions and the threats these areas faced during the pandemic (Tanina et al., 2022), the impact of the new coronavirus infection on the Russian labor market (Rodionov et al., 2022); the factors driving young Vietnamese people's intention to use financial technology in the context of the COVID-19 outbreak (Khuong et al., 2022) or those influencing access to credit for informal labor sector (Vu and Ho, 2022); predicting and analyzing Jordanian insurance firms' performance (Altarawneh et al., 2022) or developing an early warning system for solvency risk in the banking industry (Hidayat et al., 2022) during the COVID-19 pandemic; the impact of the pandemic on European stock markets (Keliuotyte-Staniuleniene and Kviklis, 2022); the drivers of cross-border mergers and acquisitions during the pandemic (Lee et al., 2021); examining the financial and fiscal variables of Ecuadorian economic groups (Tulcanaza-Prieto and Morocho-Cayamcela, 2021).