Showing 1 - 10 of 19
costs for banks of the increase in capital requirements under Basel III. We bring empirical evidence on this issue by …-2012, controlling for risk-taking as well as a range of variables including the business model. We find that an increase in capital … significant increase in other business line activities. Looking at revenue and cost components, the positive effect of capital on …
Persistent link: https://www.econbiz.de/10010929769
This empirical analysis aims at assessing the effect of the economic climate and the intensity of capital utilisation … on companies’ capital retirement behaviour. It is conducted using individual company data, as well as original data on … database is, to our knowledge, unique for the empirical analysis of the intensity of capital utilisation on firms’ capital …
Persistent link: https://www.econbiz.de/10009294782
This paper examines the sensitivity of non-financial corporate lending to banks' capital ratio and their supervisory … capital requirements. We use a unique database for the French banking sector between 2003 and 2011 combining confidential bank …-level Bank Lending Survey answers with the discretionary capital requirements set by the supervisory authority. We find that on …
Persistent link: https://www.econbiz.de/10010815964
, mark up and the expected degree of capacity utilization (resp. capital) increases (resp. decreases) with the firm internal …This paper shows that, with pre-set price and capital decisions of firms facing uncertainty and credit rationing, price …
Persistent link: https://www.econbiz.de/10005036217
perfect capital markets on a large balanced panel data of 4025 french firms. First, the quadratic parameterization of …
Persistent link: https://www.econbiz.de/10005487054
, mark up and the expected degree of capacity utilization (resp. capital) increases (resp. decreases) with the firm internal …This paper shows that, with pre-set price and capital decisions of firms facing uncertainty and credit rationing, price …
Persistent link: https://www.econbiz.de/10005487059
Persistent link: https://www.econbiz.de/10005781195
A large part of the term structure literature interprets the first underlying factors as a level factor, a slope factor, and a curvature factor. In this paper we consider factor models interpretable as a level factor model, a level and a slope factor model, respectively. We prove that such...
Persistent link: https://www.econbiz.de/10009421798
Henry Thornton (1760-1815), whose major work - An Enquiry into the Nature and Effects of the Paper Credit of Great Britain - is celebrating its bicentennary in 2002, is considered today to be one of the most prominent classical monetary economist, in particular with regard to its seminal...
Persistent link: https://www.econbiz.de/10005056526
In this paper we give a precise definition of long-run causality in a multivariate non-stationary, possibly cointegrated, framework. A variable is said to be causal for another in the long-run if knwoledge of the past of the former improves long-run predictions of the latter. In a VAR framework,...
Persistent link: https://www.econbiz.de/10005036190