Table Of ContentPALGRAVE MACMILLAN STUDIES IN
BANKING AND FINANCIAL INSTITUTIONS
SERIES EDITOR: PHILIP MOLYNEUX
The Business
of Banking
Models, Risk and Regulation
Edited by Giusy Chesini,
Elisa Giaretta and Andrea Paltrinieri
Palgrave Macmillan Studies in Banking and
Financial Institutions
Series editor
Philip Molyneux
University of Sharjah
Sharjah, UAE
The Palgrave Macmillan Studies in Banking and Financial Institutions
series is international in orientation and includes studies of banking
systems in particular countries or regions as well as contemporary themes
such as Islamic Banking, Financial Exclusion, Mergers and Acquisitions,
Risk Management, and IT in Banking. The books focus on research and
practice and include up to date and innovative studies that cover issues
which impact banking systems globally.
More information about this series at
http://www.springer.com/series/14678
Giusy Chesini Elisa Giaretta
(cid:129)
Andrea Paltrinieri
Editors
The Business
of Banking
Models, Risk and Regulation
Editors
GiusyChesini AndreaPaltrinieri
Department ofEconomics Department ofEconomic and Statistical
University ofVerona Sciences
Verona, Italy University ofUdine
Udine, Italy
Elisa Giaretta
Department ofBusinessAdministration
University ofVerona
Verona, Italy
Palgrave Macmillan Studiesin Banking andFinancial Institutions
ISBN978-3-319-54893-7 ISBN978-3-319-54894-4 (eBook)
DOI10.1007/978-3-319-54894-4
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Acknowledgements
First and foremost, we would like to thank all our contributors, whose
biographies are provided in this volume, without which the edited book
would not have been possible.
Also, we want to express our gratitude to all participants of the 2016
—
Wolpertinger Conference organized by the European Association of
University Teachers of Banking and Finance in September 2016 at the
—
UniversityofVerona fortheirinsightfulcommentsaboutallthepapers
included in this volume.
We would also like to show our gratitude to Professor Philip
Molyneux(ProfessorofBankingandFinanceandDeanoftheCollegeof
Business, Law, Education and Social Sciences), editor in chief of the
Palgrave Macmillan Studies in Banking and Financial Institution Series,
for approving our book proposal and for his support during the process.
Also, many thanks to the Palgrave Macmillan team, Aimee Dibbens
and Natasha Denby, for their support during the publishing process.
Special thanks to the institutions which kindly supported the
Wolpertinger Conference in Verona and so contributed to make it a
pleasant and fruitful event: Banco Popolare, Unicredit (Verona), and
S&P Global Market Intelligence.
v
vi Acknowledgements
Finally, as conference organizers, we would like to thank Steven
Ongena, Professor at the University of Zurich, for giving a plenary
“ ”
speech at the conference on Relationship Lending Reloaded and the
“
otherspeakersattheJackRevellSessionon TheFinancialSysteminthe
”
Macroeconomy (Cesare Bisoni, University of Modena; Maurizio
Faroni, General Director at Banco Popolare; Phil Molyneux, Bangor
Business School; and Greg Udell, Indiana University).
Contents
1 Introduction 1
Giusy Chesini, Elisa Giaretta and Andrea Paltrinieri
2 Interest Rates and Net Interest Margins: The Impact
of Monetary Policy 5
Paula Cruz-García, Juan Fernández de Guevara
and Joaquín Maudos
3 The Swedish Mortgage Market: Bank Funding, Margins,
and Risk Shifting 35
Viktor Elliot and Ted Lindblom
“
4 Incapability or Bad Luck? Testing the Bad
”
Management Hypothesis in the Italian Banking
System 55
Fabrizio Crespi and Mauro Aliano
vii
viii Contents
5 Why Do US Banks React Differently to Short Selling
Bans? 79
Daniele Angelo Previati, Giuseppe Galloppo, Mauro Aliano
and Viktoriia Paimanova
6 Reputational Risk in Banking: Important to Whom? 109
Ewa Miklaszewska and Krzysztof Kil
7 The Business Model of Banks: A Review of the
Theoretical and Empirical Literature 131
Stefano Cosma, Riccardo Ferretti, Elisabetta Gualandri,
Andrea Landi and Valeria Venturelli
8 On European Deposit Protection Scheme(s) 169
Milena Migliavacca
9 A Technical Approach to Deposit Guarantee Schemes 203
Francesca Arnaboldi
Index 235
Notes on Contributors
Mauro Aliano is an Assistant Professor of Banking and Finance at the
University of Cagliari, Faculty of Economics, Law and Political Sciences.
fi
He is a specialist in applying statistics techniques for analyzing nancial
fi
markets, in methods for analyzing nancial instruments and in portfolio
models. In 2012, he was a research fellow at the University of Rome Tor
Vergata.
Francesca Arnaboldi is Associate Professor of Banking and Finance at
the University of Milan, Italy. She holds an MSc in Financial
Management from the University of London, CeFIMS, and a Ph.D. in
Finance from the University of Bologna. She has been a visiting scholar
at Stern School of Business, New York University. She is a member
of the CEFIN (Centre for Research in Banking and Finance), University
of Modena and Reggio Emilia and of the Centre for Banking Research,
Cass Business School, City University. Her main areas of interest are
fi
international banking, bank competition and performance, nancial
innovation, bank regulation, and supervision.
ix
