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2011/2021: TOTAL economic MELTDOWN

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  1. [verwijderd] 2 september 2011 23:36
    quote:

    henk38 schreef op 2 september 2011 23:29:

    de banken gaan goed rood maandag

    Banken krijgen zware klappen, deze ook nog bij. Zie Goldman Report (sheet 5):

    European bank stress tests reveal that the 90 banks tested have about €680 billion in exposure to sovereign debt in Greece, Ireland, Italy, Portugal and Spain

    www.businessinsider.com/here-are-deta...
  2. [verwijderd] 2 september 2011 23:40
    THE PRICE OF LIQUIDITY
    THE EFFECTS OF MARKET
    CONDITIONS AND BANK
    CHARACTERISTICS 1

    www.ecb.int/pub/pdf/scpwps/ecbwp1376.pdf

    Comparing these two tables reveals that the average bidder di ers substantially on two
    key dimensions from the average nonbidder. First, category by category, bidders are larger
    than nonbidders by both asset size and reserve requirements. For example, for bidding
    private banks these measures average to (in euros) 22,794 million (asset size) and 132.43
    million (average daily reserve requirement). The corresponding numbers for nonbidders
    are 1,478 million and 6.99 million.
    Second, bidders are shorter liquidity than nonbidders. For bidders, the average normalized
    net excess reserves is negative for all bank categories; for nonbidders it is positive.
    So, by this measure, bidders are short going into the auctions, while nonbidders are long.
    For example, for private banks, the average normalized net excess reserves is -243.82%,
    with a median of -83.39%. For nonbidders, the mean and median are 210.83% and 24.93%,
    respectively. The average ful llment is also smaller for bidders than it is for nonbidders.
    Thus, nonbidders are comparatively small and long, while bidders are comparatively large
    and short.
    With respect to the nancial health variables, things are less clear-cut. For all bank
    types, nonbidders have larger mean and median ROA than bidders. So, by this measure,
    nonbidders can be said to be nancially more healthy. However, across the di erent bank
    types, there are both positive and negative di erences between bidders and nonbidders
    with respect to mean and median write-o s and provisions. The same holds true for the
    equity ratio. For private banks that bid in at least one auction, the mean (median) writeo
    s and provisions, ROA, and equity ratio are 0.35% (0.21%), 0.34% (0.21%), and 4.96%
    (4.06%), respectively. The corresponding numbers for nonbidders are 0.73% (0.31%),
    0.89% (0.25%), and 13.8% (8.58%).
    The tables also show signi cant di erences across bank categories. In Table 1 (bidders),
    Landesbanks and cooperative central banks are substantially larger than the other
    categories, including the private banks. Mean asset values are (in euros) 96,918 million for
    Landesbanks and 60,320 million for cooperative central banks, as compared with 22,794
    million for private banks, 2,092 million for savings banks, 678 million for cooperatives,
  3. [verwijderd] 2 september 2011 23:41
    and 2,256 million for branches of foreign banks. So, on average by asset value, Landesbanks
    and cooperative central banks are up to 4.5 times larger than private banks. At the same
    time, private banks are approximately 10 times larger than savings and foreign banks,
    which in turn are approximately three times as large as cooperatives. The smallest asset
    value in the sample is 26 million (a cooperative), and the largest value is 267,591 million
    (a domestic private bank).
    Di erences also are apparent in liquidity status among bidding banks. For example,
    private domestic banks have a mean ful llment of 100.25%. Savings banks and cooperatives
    have similar mean ful llments, 102.65% and 102.94%, respectively. The mean ful llment
    across foreign institutions is 142.30%. Landesbanks have the lowest ful llment, 82.44%,
    and cooperative central banks have a ful llment of 99.00%. So, on average, as measured by
    ful llment, German private banks, savings banks, and cooperatives are slightly long, and
    cooperative central banks and, in particular, Landesbanks are short going into the auctions.
    However, taking into account maturing repos, all categories of banks are on average short
    going into the auctions, as seen by the negative mean and median normalized net excess
    reserves. There is substantial variation across individual banks. The normalized net excess
    reserves varies from ??3; 739:82% (a private bank) to 968:01% (a foreign bank).
    3.3. Pricing and bidding measures and statistics
    Table 3 reports on various pricing and bidding variables, by bank type. The table
    draws on all banks that bid at least once. For each bank, we measure the relevant variables
    rst for each individual demand schedule (i.e., across the bidders' set of bids in a given
    auction). Then we average across demand schedules for each bank to obtain a population
    of bank-level observations, whose summary statistics are reported in the table.
    To benchmark bids and rates paid in the main re nancing operations, we use the twoweek
    Eonia swap rate taken as the midpoint of the bid and ask from Reuters quotations
    at 9:15 a.m. on the auction day.
  4. [verwijderd] 2 september 2011 23:52
    De weerspiegeling van de media is echt om mensen gerust te stelle
    Maar het is intern zo diep verrot, er is maar één uitweg,dat is w3 openen en gaan en alles achter ons laten.
    De Bildenberg heeft gesproken welke zondebok moet zijn. En we gaan de oorlog verklaren aan ..... en dan is het over.
  5. [verwijderd] 2 september 2011 23:55
    Eco,

    leuke bijdrage!

    ff kijken of ik het begrijp:

    grotere banken hebben een netto schuld
    kleinere banken zijn solvabel
    Grote banken gaan short en kleine banken gaan long.

    To big to fail doet ook hier dus zijn werk!

    Alle grote banken die nu nog gered moeten worden moeten tot SNS size opgehakt worden.
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