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This paper analyzes the effects of the financial crisis on credit supply by using highly detailed data on bank … borrowers’ risk, by exploiting multiple lending. We find evidence of a contraction of credit supply, associated to low bank …' productivity and interest rates at bank-firm level. …
Persistent link: https://www.econbiz.de/10008509918
This paper discusses the role that macroeconomic uncertainty plays in banks� decisions on the optimal asset allocation. Using a portfolio model recently proposed in the literature, the paper aims at disentangling how Italian banks choose between loans and risk-free assets when uncertainty...
Persistent link: https://www.econbiz.de/10005609339
banks are faced with the upcoming Basel III reform. Economic trends continue to exert pressure on the traditional bank …
Persistent link: https://www.econbiz.de/10011100363
In December 2010 the Basel Committee on Banking Supervision published a set of new regulations for banks in response to the financial crisis. This paper aims at evaluating the possible effects of the new framework on banks� available regulatory capital and risk-weighted assets and assessing...
Persistent link: https://www.econbiz.de/10011100377
In 2007 the new framework for capital adequacy of banks (Basel 2), defined in 2004 by the Basel Committee for Banking Supervision, will replace the 1988 Accord (Basel 1) in all major countries. In the last years the Committee has carried out several impact studies in order to simulate the...
Persistent link: https://www.econbiz.de/10005113685
undesired effects and distortions. Finally, we briefly review the recent evolution of bank lending to the private sector. We …
Persistent link: https://www.econbiz.de/10004964392
This paper explores the implications of systemic risk in Credit Structured Finance (CSF). Risk measurement issues loomed large during the 2007-08 financial crisis, as the massive, unprecedented number of downgrades of AAA senior bond tranches inflicted severe losses on banks, calling into...
Persistent link: https://www.econbiz.de/10008677911
Persistent link: https://www.econbiz.de/10000938549
Persistent link: https://www.econbiz.de/10000989452
We empirically characterize the sectoral distribution of firm size for a set of European countries, finding substantial differences. We then study the relationship between productivity growth at the sectoral level and size structure. We find a positive and robust association between average firm...
Persistent link: https://www.econbiz.de/10005113537