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Bank Ownership, Market Structure and Risk
Nicoló, Gianni De; Loukoianova, Elena - International Monetary Fund (IMF) - 2007
relationship between banks' risk of failure, market structure, bank ownership, and banks' screening and bankruptcy costs. These … model rationalizes this evidence if both state-owned and foreign banks have either larger screening and/or lower bankruptcy … costs than private domestic banks, banks' differences in market shares, screening or bankruptcy costs are not too large, and …
Persistent link: https://www.econbiz.de/10005826093
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The Costs of Sovereign Default
Borensztein, Eduardo; Panizza, Ugo - International Monetary Fund (IMF) - 2008
This paper evaluates empirically four types of cost that may result from an international sovereign default: reputational costs, international trade exclusion costs, costs to the domestic economy through the financial system, and political costs to the authorities. It finds that the economic...
Persistent link: https://www.econbiz.de/10005769045
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Bank Competition, Risk and Asset Allocations
Boyd, John H.; Nicoló, Gianni De; Jalal, Abu M. - International Monetary Fund (IMF) - 2009
We study a banking model in which banks invest in a riskless asset and compete in both deposit and risky loan markets. The model predicts that as competition increases, both loans and assets increase; however, the effect on the loans-to-assets ratio is ambiguous. Similarly, as competition...
Persistent link: https://www.econbiz.de/10008528611
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How Law Affects Lending
Haselmann, Rainer; Pistor, Katharina; Vig, Vikrant - Volkswirtschaftliche Fakultät, … - 2006
than changes in bankruptcy law, the essence of which is to provide an orderly liquidation or reorganization process in the …
Persistent link: https://www.econbiz.de/10005619459