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The effect of financial innovation on European banks' risk

Authordc.contributor.authorOtero González, Luis 
Authordc.contributor.authorRodríguez Gil, Luis Ignacio 
Authordc.contributor.authorMartorell Cunill, Onofre 
Authordc.contributor.authorMerigó Lindahl, José 
Admission datedc.date.accessioned2017-03-01T18:49:10Z
Available datedc.date.available2017-03-01T18:49:10Z
Publication datedc.date.issued2016
Cita de ítemdc.identifier.citationJournal of Business Research. Volumen: 69 Número: 11 Páginas: 4781-4786 Número especial: SIes_ES
Identifierdc.identifier.other1873-7978
Identifierdc.identifier.urihttp://repositorio.uchile.cl/handle/2250/142823
Abstractdc.description.abstractThis study examines the effect of the use of securitization and credit derivatives on the risk profile of European banks. Using information from 134 listed European banks during the period of 2006-2010, the results show that securitization and trading with credit derivatives have a negative effect on financial stability. The main findings also show the dominance of trading positions over hedging positions for credit derivatives. The results of this study support the higher capital requirements of the new Basel III international banking regulations. Furthermore, accounting measures do not readily indicate market risks, and thus the results support central banks' use of market-solvency measures to monitor financial stability. (C) 2016 Elsevier Inc. All rights reserved.es_ES
Lenguagedc.language.isoenes_ES
Type of licensedc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
Link to Licensedc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
Sourcedc.sourceJournal of Business Researches_ES
Keywordsdc.subjectBasel IIIes_ES
Keywordsdc.subjectEuropean bankses_ES
Keywordsdc.subjectCredit derivativeses_ES
Keywordsdc.subjectSecuritizationes_ES
Títulodc.titleThe effect of financial innovation on European banks' riskes_ES
Document typedc.typeArtículo de revistaes_ES
Catalogueruchile.catalogadorC. R. B.es_ES
Indexationuchile.indexArtículo de publicación ISIes_ES


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Attribution-NonCommercial-NoDerivs 3.0 Chile
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivs 3.0 Chile