Showing 1 - 10 of 76
The observed high levels of banks’ operating efficiency, profi ts and market values in the years before the financial crisis raise reasonable doubts about the information content of conventional performance measures for the accurate assessment of the efficiency of banking intermediation. In...
Persistent link: https://www.econbiz.de/10010862248
. Many empirical studies suggest that financial reform promoted bank competition in most mature and emerging economies …. However, some earlier studies that adopted conventional approaches to measure competition concluded that bank competition in … specifications and estimation methods. All in all, our analysis suggests that bank lending markets in China have been more …
Persistent link: https://www.econbiz.de/10010862252
The aim of this paper is twofold. First, we present an up-to-date assessment of the differences across euro area countries in the distributions of various measures of debt conditional on household characteristics. We consider three different outcomes: the probability of holding debt, the amount...
Persistent link: https://www.econbiz.de/10010862266
Do laws to protect borrowers curb foreclosures? This question is addressed by analysing the impact of foreclosure laws on default rates at state level in the US mortgage market. Using panel data techniques, we find a statistically significant effect of regulation on the different stages of the...
Persistent link: https://www.econbiz.de/10010862277
during the period 2004-2010. The proposed framework allows to estimate with bank level data both the standard credit risk …
Persistent link: https://www.econbiz.de/10010862283
Cross-border bank flows are experiencing a protracted contraction after the global financial crisis, in stark contrast …, it was defined by large cross-border bank flows. The current trend could imply a growing relevance of banks …
Persistent link: https://www.econbiz.de/10010862295
Following the increase in private-sector indebtedness before the 2008 Great Recession, balance sheet adjustment by the most indebted agents will be a necessary condition for achieving balanced growth. This paper analyses the deleveraging of the non-financial private sector in four countries that...
Persistent link: https://www.econbiz.de/10010862297
models spatial price competition between bank branches jointly with banks’ decisions on the opening or closing of branches …, the paper i) uses a new measure of bank productivity; ii) provides a productivity differences-based explanation of the … distance between bank branches and bank customers; and iii) shows how the intensity of market competition may be unaffected …
Persistent link: https://www.econbiz.de/10010941711
This paper studies how financial innovation in sovereign debt markets can increase a country’s level of private investment and welfare. I propose a model where public debt has a liquidity purpose for the domestic private sector and is demanded as a saving vehicle by more patient international...
Persistent link: https://www.econbiz.de/10011255225
(VLTROs) conducted by the Eurosystem in December 2011 and February 2012 for the case of Spain. To do so we use bank-firm level …-sheet strength and by including bank fixed effects. Our findings suggest that the VLTROs had a positive moderately-sized effect on … the supply of bank credit to firms, providing evidence of a bank lending channel in the context of unconventional monetary …
Persistent link: https://www.econbiz.de/10011261909