Showing 1 - 10 of 65
This paper analyzes the relationship between the terms on bank loans and local crime rates, employing a sample of over 300,000 bank-firm relationships. Controlling for firm, market and bank characteristics the results show that where the crime rate is higher borrowers pay higher interest rates,...
Persistent link: https://www.econbiz.de/10005092587
variable, the one related to the increasingly important phenomenon of international migrations, namely emigrants' remittances …
Persistent link: https://www.econbiz.de/10005770755
Why do some countries suffer from backward financial institutions and weak corporate governance rules? We show that, even if, overall, the economy would benefit corporate governance reforms, not all the agents would stand to gain from the improvement. In particular, entrepreneurs and firms that...
Persistent link: https://www.econbiz.de/10005609341
Why do some states default on their debt more often than others? We argue that sovereign default is the outcome of a political struggle among different groups of citizens. It is more likely to happen if: (i) domestic debt-holders are relatively weak; (ii) the the political costs of the financial...
Persistent link: https://www.econbiz.de/10005113601
We study the effects of anti-competitive service regulation by examining whether OECD countries with less anti-competitive regulation see a better economic performance of manufacturing industries using less-regulated services more intensively. Our results indicate that lower service regulation...
Persistent link: https://www.econbiz.de/10005113605
of data on banks’ balance sheets, central banks and money market funds; on interest rates on deposits and loans; on non …
Persistent link: https://www.econbiz.de/10011277926
enterprises, as captured by the assessment of credit standards provided by the banks participating in the Eurosystem Bank Lending … Survey (BLS banks). For Italy, we combine the information provided by the relatively small panel of large banking groups … participating in the Eurosystem survey with the replies obtained from the non-overlapping and wider group of banks participating in …
Persistent link: https://www.econbiz.de/10011265439
This paper tests the role of different banks� liquidity funding structures in explaining the bank failures that occurred in the United States between 2007 and 2009. The results highlight that funding is indeed a significant factor in explaining banks� probability of default. By...
Persistent link: https://www.econbiz.de/10009350682
Brothers demise to help banks retain access to wholesale funding. We describe the evolution and the pattern of bond issuance … new market, namely the significant �tiering� of the spreads paid by banks at issuance, finding that they mainly …
Persistent link: https://www.econbiz.de/10008626021
steeper than the one approved by the Basel Committee. Finally the difference between the spread/rating relation of banks and …
Persistent link: https://www.econbiz.de/10005113515