Rating and financing subsidies for global systemically important banks

Kleinow, J.

Artykuł - szczegóły

Tytuł artykułu

Rating and financing subsidies for global systemically important banks

Autorzy

Kleinow J.

Treść / Zawartość

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Warianty tytułu

Ocena i finansowe dotacje dla banków o znaczeniu globalnym

Języki publikacji

Abstrakty

The international financial? This paper provides an empirical way for the identification and valuation of implicit crisis of 2007 - global systemically important banks receives debt funding cost advantages of more than 2011 showed that when it comes to the crunch, governments bail out their banks. The implicit insurance against insolvency results in better ratings and lower funding costs for banks. But what is the value of the bailout expectation for banks as perceived by market participants governmental rating and financing subsidies for banks by analysing the support imbedded in banks’ credit ratings. The results show remarkable rating and funding subsidies: A small group of so-called 590 basis points. European banks have a funding cost advantage of 134 basis points (or 3.3 rating notches), whereas listed banks receive 67 basis points (or 1.7 notches) of support.

W artykule przedstawiono wyniki badań dotyczące kryzysu finansowego z lat 2007-2011. W trakcie kryzysu, rządy podejmowały działania, aby ratować swoje banki. Badania dotyczyły wartości sum, które przekazano bankom i postrzegania przez społeczeństwo tego procesu.

Słowa kluczowe

banks bailout rating fund

banki bail out fundusz ratingowy

Wydawca

Wydawnictwo Politechniki Śląskiej

Czasopismo

Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska

Rocznik

2014

Tom

z. 71

Strony

163--180

Opis fizyczny

Bibliogr. 27 poz.

Twórcy

autor

Kleinow J.

Technische Universität Bergakademie Freiberg, Freiberg, Germany

Bibliografia

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Typ dokumentu

Bibliografia

Identyfikator YADDA

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