LIBOR. We show that transition to risk-free reference rates may exacerbate this friction. The adverse impact on credit …

show that transition to risk-free reference rates may exacerbate this friction. The adverse impact on credit supply is …

Using unique data of a survey among small and medium-sized German banks, we analyze various aspects of risk management … rate risk and to credit risk are remunerated, that banks' try to stabilize the mid-term net interest margin with exposure … to interest rate risk and that they act as if they have a risk budget which they allocate either to interest rate risk or …

This paper proposes a model that associates borrower credit risk with the cash flow method to assess the economic value … lending standards of the institution, captured in the model by the expected and unexpected losses of the contract according to …

Mutual fund risk-taking via active portfolio rebalancing varies both in the crosssection and over time. In this paper …, I show that the same is true for funds' off- balance sheet risk-taking, even after controlling for on-balance sheet … information. In the empirical application, I show that German equity funds have increased their risk-taking via synthetic leverage …

be used to support counterparty level default risk model results showing higher risk for SME's which can be seen in …Purpose: SME sector credit risk has received attention in research from several dimensions of the financial system. SME … current research on the area, we approach SME risk from perspective of FIs own risk assessments and compare it to how SME risk …