Banking Beyond Banks and Money: A Guide to Banking Services by Paolo Tasca, Tomaso Aste, Loriana Pelizzon, Nicolas Perony

By Paolo Tasca, Tomaso Aste, Loriana Pelizzon, Nicolas Perony

Do you know the way banking and cash will appear like within the new electronic age?
This ebook collects the voices of best students, marketers, coverage makers and specialists who, via their services and prepared analytical abilities, are most sensible located to photograph from numerous angles the continuing technological revolution in banking and finance.
You will learn the way lending and borrowing can exist with out banks; how new kinds of funds can compete to higher serve various society wishes; how new applied sciences are banking the unbanked groups within the poorest components of the realm, and the way rules and small tasks may be financed through the crowds with no the necessity to depend upon banks. you'll learn the way, within the new electronic age, we'll have interaction with new self-organised and self reliant businesses that function with none human involvement, in accordance with a collection of programmed and incorruptible principles. you are going to examine that new enterprise types will emerge due to technology-enabled structures, upon which it is easy to construct new varieties of non-hierarchical cooperation among strangers. and you'll additionally study that new types of dangers and threats are rising that may destabilise our platforms and jeopardise the soundness of our monetary order.

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Extra resources for Banking Beyond Banks and Money: A Guide to Banking Services in the Twenty-First Century

Sample text

For the 82 banks, our base-line identification defines stressed banks as those that received equity support from the SoFFin. In October 2008, the German Federal government founded the Special Fund for Financial Market Stabilization (SoFFin) in response to the turmoil in the aftermath of the collapse of Lehman Brothers. The fund was designed to strengthen the capital base of German banks that were hit by taking over problematic positions and providing other guarantees. It had supported a total of 10 German banks since its inception, with a total volume of outstanding equity and guarantees of 192 billion Euros in 2009.

473 Yes Observations 22 20 42 Notes Descriptive statistics for the characteristics of the banks in the full sample (82 banks, 357 relationships), as well as separately for the different stress indicators. /ear. 221 No Mean Liquidity Landesbanken Table 2 (continued) Crowdfunding and Bank Stress 27 28 D. Blaseg and M. Koetter descriptive statistics of the CAMEL covariates, separated by the different stress indicators. Banks that are supported by the SoFFin or have an affiliation with a stressed Landesbank exhibit worse CAMEL profiles than non-supported or unaffiliated banks.

Table 7 shows the effect of the alternative bank stress indicators illustrated in Fig. 2. Column (1) replicates the baseline results with bank-specific controls. The alternative bank stress indicators in column (2) refer to the connection of one of the local savings banks with a stressed Landesbank, as in Puri et al. (2011). These authors show that local savings banks restricted loan supply when they were connected to a Landesbanken with substantial subprime exposure. We similarly include an indicator of whether a regional savings bank in our sample belonged to a stressed Landesbank.

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