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Multiple-bank lending: Diversification and free-riding in monitoring
Cerasi, Vittoria; Daltung, Sonja - Center for Financial Studies - 2004
of greater diversification in terms of higher monitoring dominates the costs of free-riding and duplication of efforts …
Persistent link: https://www.econbiz.de/10010986458
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Multiple-bank lending: diversification and free-riding in monitoring
Carletti, Elena; Cerasi, Vittoria; Daltung, Sonja - Center for Financial Studies - 2004
benefit of greater diversification in terms of higher monitoring dominates the costs of free-riding and duplication of efforts …
Persistent link: https://www.econbiz.de/10005138839
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Do consumers choose the right credit contracts?
Agarwal, Sumit; Chomsisengphet, Souphala; Liu, Chunlin; … - Center for Financial Studies - 2005
A number of studies have pointed to various mistakes that consumers might make in their consumption-saving and financial decisions. We utilize a unique market experiment conducted by a large U.S. bank to assess how systematic and costly such mistakes are in practice. The bank offered consumers a...
Persistent link: https://www.econbiz.de/10010958552
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Credit market competition and capital regulation
Allen, Franklin; Carletti, Elena; Marquez, Robert - Center for Financial Studies - 2005
Market discipline for financial institutions can be imposed not only from the liability side, as has often been stressed in the literature on the use of subordinated debt, but also from the asset side. This will be particularly true if good lending opportunities are in short supply, so that...
Persistent link: https://www.econbiz.de/10010958587
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Credit information in universal banking: A clinical study
Burghof, Hans-Peter; Henschel, Claudia - Center for Financial Studies - 1998
We studied information and interaction processes in six lending relationships between a universal bank and medium sized firms. The study is based on the credit files of the respective firms. If no problems occur in these lending relationships, bank monitoring is based mainly on cheap,...
Persistent link: https://www.econbiz.de/10010958602
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Credit risk transfer and contagion
Allen, Franklin; Carletti, Elena - Center for Financial Studies - 2005
Some have argued that recent increases in credit risk transfer are desirable because they improve the diversification … with banking and insurance sectors, we show that credit risk transfer can be beneficial when banks face uniform demand for … of risk. Others have suggested that they may be undesirable if they increase the risk of financial crises. Using a model …
Persistent link: https://www.econbiz.de/10010958684
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Determinants of bank lending performance
Ewert, Ralf; Schenk, Gerald - Center for Financial Studies - 1998
express concern regarding its profitability vis-a-vis other activities. This paper tries to empirically identify factors that …
Persistent link: https://www.econbiz.de/10010958749
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Credit Market Competition and Capital Regulation
Allen, Franklin; Carletti, Elena; Marquez, Robert - Center for Financial Studies - 2005
Market discipline for financial institutions can be imposed not only from the liability side, as has often been stressed in the literature on the use of subordinated debt, but also from the asset side. This will be particularly true if good lending opportunities are in short supply, so that...
Persistent link: https://www.econbiz.de/10005176435
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Credit Risk Transfer and Contagion
Allen, Franklin; Carletti, Elena - Center for Financial Studies - 2005
Some have argued that recent increases in credit risk transfer are desirable because they improve the diversification … with banking and insurance sectors, we show that credit risk transfer can be beneficial when banks face uniform demand for … of risk. Others have suggested that they may be undesirable if they increase the risk of financial crises. Using a model …
Persistent link: https://www.econbiz.de/10005120774
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Do Consumers Choose the Right Credit Contracts?
Agarwal, Sumit; Chomsisengphet, Souphala; Liu, Chunlin; … - Center for Financial Studies - 2005
A number of studies have pointed to various mistakes that consumers might make in their consumption-saving and financial decisions. We utilize a unique market experiment conducted by a large U.S. bank to assess how systematic and costly such mistakes are in practice. The bank offered consumers a...
Persistent link: https://www.econbiz.de/10005022421