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Financial Protectionism : the First Tests

Rose, Andrew K. - 2011

We provide the first empirical tests for financial protectionism, defined as a nationalistic change in banks' lending behaviour, as the result of public intervention, which leads domestic banks either to lend less or at higher interest rates to foreigners. We use a bank-level panel data set...

Persistent link: https://www.econbiz.de/10012461585

This Time Is the Same : Using Bank Performance in 1998 to Explain Bank Performance During the Recent Financial Crisis

Fahlenbrach, Rüdiger - 2011

We investigate whether a bank's performance during the 1998 crisis, which was viewed at the time as the most dramatic crisis since the Great Depression, predicts its performance during the recent financial crisis. One hypothesis is that a bank that has an especially poor experience in a crisis...

Persistent link: https://www.econbiz.de/10012461620

Illiquid Banks, Financial Stability, and Interest Rate Policy

Diamond, Douglas W. - 2011

Do low interest rates alleviate banking fragility? Banks finance illiquid assets with demandable deposits, which …

Persistent link: https://www.econbiz.de/10012461664

Dividends and Bank Capital in the Financial Crisis of 2007-2009

Acharya, Viral V. - 2011

equity. The dwindling pool of common equity in the banking system may have been one reason for the continued reluctance by …

Persistent link: https://www.econbiz.de/10012461761

The Domestic and International Effects of Interstate U.S. Banking

Ghironi, Fabio - 2010

This paper studies the domestic and international effects of the transition to an interstate banking system implemented …. Interstate banking reduces the degree of local monopoly power of financial intermediaries. We show that the an economy that … the U.S. and international business cycle after the U.S. began its transition to interstate banking …

Persistent link: https://www.econbiz.de/10012462044

Size Anomalies in U.S. Bank Stock Returns : A Fiscal Explanation

Gandhi, Priyank - 2010

The largest commercial bank stocks, ranked by total size of the balance sheet, have significantly lower risk-adjusted returns than small- and medium-sized bank stocks, even though large banks are significantly more levered. We uncover a size factor in the component of bank returns that is...

Persistent link: https://www.econbiz.de/10012462104

Why Did Bank Stocks Crash During COVID-19?

Acharya, Viral V.; Engle, Robert F.; Steffen, Sascha - National Bureau of Economic Research - 2021

We study the crash of bank stock prices during the COVID-19 pandemic. We find evidence consistent with a "credit line drawdown channel". Stock prices of banks with large ex-ante exposures to undrawn credit lines as well as large ex-post gross drawdowns decline more. The effect is attenuated for...

Persistent link: https://www.econbiz.de/10012496112

Branch Expansion versus Digital Banking : The Dynamics of Growth and Inequality in a Spatial Equilibrium Model

Ji, Yan; Teng, Songyuan; Townsend, Robert M. - National Bureau of Economic Research - 2021

potential role of digital banking in substantially reducing regional heterogeneity …

Persistent link: https://www.econbiz.de/10012496136

Merchants of Death : The Effect of Credit Supply Shocks on Hospital Outcomes

Aghamolla, Cyrus; Karaca-Mandic, Pinar; Li, Xuelin; … - National Bureau of Economic Research - 2021

This study examines the link between credit supply and hospital health outcomes. Using detailed data on hospitals and the banks that they borrow from, we use bank stress tests as exogenous shocks to credit access for hospitals that have lending relationships with tested banks. We find that...

Persistent link: https://www.econbiz.de/10012510587

Are Bigger Banks Better? Firm-Level Evidence from Germany

Huber, Kilian - National Bureau of Economic Research - 2021

The effects of large banks on the real economy are theoretically ambiguous and politically controversial. I identify quasi-exogenous increases in bank size in postwar Germany. I show that firms did not grow faster after their relationship banks became bigger. In fact, opaque borrowers grew more...

Persistent link: https://www.econbiz.de/10012533316