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How Has the Global Financial Crisis Affected Syndicated Loan Terms in Emerging Markets?: Evidence from China

Caporale, Guglielmo Maria; Lodh, Suman; Nandy, Monomita - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2015

This paper examines the impact of the recent global financial crisis on the cost of debt capital (syndicated loans) in a leading emerging market, namely China, using difference-in-differences and GARCH approaches. Before the crisis China adopted banking reforms allowing entry of foreign banks...

Persistent link: https://www.econbiz.de/10011276389

Demand Side Analysis of Microlending Markets in Germany

Kritikos, Alexander S.; Kneiding, Christoph; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

In developing and transition economies, microlending has become an effective instrument for providing micro businesses with the necessary financial resources to launch operations. In the industrialized countries, with their highly developed banking systems, however, there has been ongoing debate...

Persistent link: https://www.econbiz.de/10005018669

Financial Integration and Macroeconomic Stability: What Role for Large Banks?

Bremus, Franziska - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011

distribution of firm sizes. Given the highly skewed distribution of bank sizes, macroeconomic stability may thus be affected by …

Persistent link: https://www.econbiz.de/10009644901

Has Stock Markets' Reaction to Terrorist Attacks Changed throughout Time?: Comparative Evidence from a Large and a Small Capitalisation Market

Kollias, Christos; Manou, Efthalia; Papadamou, Stephanos; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

An expanding body of literature has addressed the question of the economic impact terrorist attacks have. A part of this literature has focused on the impact recent major terrorist hits had on financial markets. The question addressed by this paper is to what extent markets' reaction to major...

Persistent link: https://www.econbiz.de/10008694990

Big Banks and Macroeconomic Outcomes: Theory and Cross-Country Evidence of Granularity

Bremus, Franziska; Buch, Claudia M.; Russ, Katheryn N.; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013

. Using this framework, we show conditions under which idiosyncratic shocks to bank lending can generate aggregate … sector for many countries is indeed granular, as the right tail of the bank size distribution follows a power law. We then … concentration is associated with a positive and significant relationship between bank-level credit growth and aggregate growth of …

Persistent link: https://www.econbiz.de/10010722772

Rating Assignments: Lessons from International Banks

Caporale, Guglielmo Maria; Matousek, Roman; Stewart, Chris - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

This paper estimates ordered logit and probit regression models for bank ratings which also include a country index to … bank ratings assigned by Fitch Ratings are underpinned by fundamental quantitative financial analyses. Also, there is … strong evidence of a country effect. Our model is shown to provide accurate predictions of bank ratings for the period prior …

Persistent link: https://www.econbiz.de/10004963735

Evaluating Greek Equity Funds Using Data Envelopment Analysis

Babalos, Vassilios; Caporale, Guglielmo Maria; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

funds' operational efficiency for an oligopolistic and bank-dominated fund industry. Our results have significant …

Persistent link: https://www.econbiz.de/10004963857

Forecasting the Fragility of the Banking and Insurance Sector

Bernoth, Kerstin; Pick, Andreas - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

This paper considers the issue of forecasting financial fragility of banks and insurances using a panel data set of performance indicators, namely distance-to- default, taking unobserved common factors into account. We show that common factors are important in the performance of banks and...

Persistent link: https://www.econbiz.de/10004963890

EU Banks Rating Assignments: Is there Heterogeneity between New and Old Member Countries?

Caporale, Guglielmo Maria; Matousek, Roman; Stewart, Chris - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

We model EU countries' bank ratings using financial variables and allowing for intercept and slope heterogeneity. Our …

Persistent link: https://www.econbiz.de/10008494125

Macroeconomic Uncertainty and Bank Lending: The Case of Ukraine

Talavera, Oleksandr; Tsapin, Andriy; Zholud, Oleksandr - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006

Our study investigates the link between bank lending behavior and macroeconomic uncertainty. We develop a dynamic model … of a bank's value maximization that results in a negative relationship between loan to capital ratio and macroeconomic … in uncertainty is not uniform and depends on bank-specific characteristics. …

Persistent link: https://www.econbiz.de/10005068643