Similar Search Results

Financial Repression in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714

Temin, Peter; Voth, Hans-Joachim - Barcelona Graduate School of Economics (Barcelona GSE) - 2005

If financial deepening aids economic growth, then financial repression should be harmful. We use a natural experiment in the change in the English usury laws in 1714 to analyze the effects of interest rate restrictions. We use a sample of individual loan transactions to demonstrate how the...

Persistent link: https://www.econbiz.de/10010851479

Monitoring Bank Performance in the Presence of Risk

Epure, Mircea; Lafuente, Esteban - Barcelona Graduate School of Economics (Barcelona GSE) - 2014

efficiency specifications, our proposal reflects the real banking technology and accurately models the relationship between …

Persistent link: https://www.econbiz.de/10010950600

Tail dependence of financial stocks and CDS markets: Evidence using copula methods and simulation-based inference

Silva, Paulo Pereira da; Rebelo, Paulo Tomaz; Afonso, … - Institut für Weltwirtschaft (IfW) - 2013

means that, surprisingly, the association between stock prices and spreads of the banking sector does not seem to surge in …

Persistent link: https://www.econbiz.de/10010956052

Internal Performance Evaluation: the Case of Bank Branches

Grifell-Tatjé, Emili; Marquès-Gou, P. - Barcelona Graduate School of Economics (Barcelona GSE) - 2005

This paper proposes a new approach for gauging the performance of branch managers of a financial institution by defining a Measure of Internal Performance (MIP). Our proposal is different from others existing in the literature in two main aspects. Firstly, it is consistent with the requirements...

Persistent link: https://www.econbiz.de/10010547183

How Resilient is the German Banking System to Macroeconomic Shocks?

Dovern, Jonas; Meier, Carsten-Patrick; Vilsmeier, Johannes - Institut für Weltwirtschaft (IfW) - 2008

Macro-stress testing studies often rely on rather short sample periods due to the limited availability of banking data …. They may fail to appropriately account for the cyclicality in the interaction between the banking system and macroeconomic … to model the interaction between the banking sector and the macroeconomy. Our identified-VAR analysis indicates that the …

Persistent link: https://www.econbiz.de/10005818895

A tale of two debt crises: a stochastic optimal control analysis

Stein, Jerome L. - Institut für Weltwirtschaft (IfW) - 2009

Banks should evaluate whether a borrower is likely to default. The author applies several techniques in the extensive mathematical literature of stochastic optimal control/dynamic programming to derive an optimal debt in an environment where there are risks on both the asset and liabilities...

Persistent link: https://www.econbiz.de/10008561122

Do mergers improve information? Evidence from the loan market

Panetta, Fabio; Schivardi, Fabiano; Shum, Matthew - Banca d'Italia - 2004

We examine the informational effects of M&As by investigating whether bank mergers improve banksï¿½ ability to screen borrowers. By exploiting a dataset in which we observe a measure of a borrowerï¿½s default risk that the lenders observe only imperfectly, we find evidence of these...

Persistent link: https://www.econbiz.de/10005770757