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Bank Funding Strategies

The Use of Bonds and the Bail-in Effect

  • Fabrizio Crespi
  • Danilo V. Mascia

Table of contents

  1. Front Matter
    Pages i-xx
  2. Fabrizio Crespi, Danilo V. Mascia
    Pages 1-47
  3. Fabrizio Crespi, Danilo V. Mascia
    Pages 49-67
  4. Fabrizio Crespi, Danilo V. Mascia
    Pages 69-91
  5. Back Matter
    Pages 117-147

About this book

Introduction

This book illustrates the importance of bonds as a funding tool available to banks. After providing the reader with an overview of the funding strategies adopted during the last ten years by European banks, the book offers a deep focus on the Italian banking industry. Notably, the authors illustrate how bonds have been a primary funding choice for Italian banks, as well as a preponderant asset in Italian households’ portfolios. Furthermore, they highlight the consequences of the adoption of the Bank Recovery and Resolution Directive (BRRD) on the yields offered by bonds of Italian banks. Finally, they conclude the volume with the illustration of very recent case studies about the application of the BRRD to some problematic banks in Italy and the related side effects generated to bank bondholders. All the analyses presented in the book are supported by the use of quantitative data.

Keywords

Banking European Banks Deposits Cerificates Bonds Equity Bank funding strategies Fixed rate bonds Zero-coupon bonds convertible bonds inflation-indexed bonds subordinated bonds Risks Bank rescue

Authors and affiliations

  • Fabrizio Crespi
    • 1
  • Danilo V. Mascia
    • 2
  1. 1.Department of Economics and BusinessUniversity of CagliariCagliariItaly
  2. 2.Department of Economics and BusinessUniversity of CagliariCagliariItaly

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-69413-9
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2018
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-69412-2
  • Online ISBN 978-3-319-69413-9
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking