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Relationship Banking and SMEs: A Theoretical Analysis
Baas, Timo; Schrooten, Mechthild - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2005
-term relationship between borrower and bank exists. The paper offers a theoretical explanation why SME managers consider external …
Persistent link: https://www.econbiz.de/10005068707
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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
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Banking Competition, Good or Bad?: The Case of Promoting Micro and Small Enterprise Finance in Kazakhstan
Schäfer, Dorothea; Siliverstovs, Boriss; Terberger, Eva - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2005
the European Bank for Reconstruction and Development for Kazakhstan, and investigate which strategy contributes more to …
Persistent link: https://www.econbiz.de/10005068666
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How Do Insured Deposits Affect Bank Risk?: Evidence from the 2008 Emergency Economic Stabilization Act
Lambert, Claudia; Noth, Felix; Schüwer, Ulrich - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013
$100,000 to $250,000 per depositor and bank. For some banks, the amount of insured deposits increased significantly; for …
Persistent link: https://www.econbiz.de/10011128840
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Loan Loss Provision: Some Empirical Evidence for Italian Banks
Caporale, Guglielmo Maria; Alessi, Matteo; Colli, Stefano Di - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2015
This paper uses data from a panel of more than 400 Italian banks for the period 2001 – 2012 to examine the main determinants of loan loss provision (LLP), which are classified as either discretionary (income smoothing, capital management,signalling) or non-discretionary (related to the...
Persistent link: https://www.econbiz.de/10011196045
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Entrepreneurship, Windfall Gains and Financial Constraints: The Case of Germany
Schäfer, Dorothea; Talavera, Oleksandr - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2005
In this paper we investigate the link between entrepreneurship and financial constraints. We develop a dynamic partial equilibrium model of an individual utility maximization that predicts that the person is more likely to start her business when financial constraints are eased. We test this...
Persistent link: https://www.econbiz.de/10005068829
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Asymmetric Information and Roll-over Risk
König, Philipp; Pothier, David - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014
How do banks choose their debt maturity structure when credit markets are subject to information frictions? This paper proposes a model of equilibrium maturity choice with asymmetric information and endogenous roll-over risk. We show that in the presence of public signals about firms'...
Persistent link: https://www.econbiz.de/10011266595
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Price Discovery and Trade Fragmentation in a Multi-Market Environment: Evidence from the MTS System
Caporale, Guglielmo Maria; Girardi, Alessandro - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011
This paper proposes new metrics for the process of price discovery on the main electronic trading platform for euro-denominated government securities. Analysing price data on daily transactions for 107 bonds over a period of twenty-seven months, we find a greater degree of price leadership of...
Persistent link: https://www.econbiz.de/10009228758
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The Effects of Terrorism and War on the Oil and Prices Stock Indices Relationship
Kollias, Christos; Kyrtsou, Catherine; Papadamou, Stephanos - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011
This paper, investigates the effect war and terrorism, have on the covariance between oil prices and the indices of four major stock markets - the American S&P500 and the European DAX, CAC40 and FTSE100 - using nonlinear BEKK-GARCH type models. Findings reported herein indicate that the...
Persistent link: https://www.econbiz.de/10009399078
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Do Wealthier Households Save More?: The Impact of the Demographic Factor
Belke, Ansgar; Dreger, Christian; Ochmann, Richard - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012
This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using pooled cross sections of German consumption survey data. Different components of wealth are distinguished, as their impact on the savings rate is not homogeneous. On average, the...
Persistent link: https://www.econbiz.de/10010551077