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After publishing its first report in September 1997, the Own Funds Working Group, in agreement with the European Committee of Central Balance Sheet Offices, decided to continue its work in order to gain a better understanding of the differences in financing structures between countries. To this...
Persistent link: https://www.econbiz.de/10005413207
liberalization in developed nations. The difficulties borne by the banking sectors spread out in some Asian and Latin American …, then we study some institutional and conceptual solutions. We try to identify the micro-economic banking dimension as a … driving force for the growth. The role of banking system is described in a development process usually facing the apology of …
Persistent link: https://www.econbiz.de/10005134804
liberalization in developed nations. The difficulties borne by the banking sectors spread out in some Asian and Latin American …, then we study some institutional and conceptual solutions. We try to identify the micro-economic banking dimension as a … driving force for the growth. The role of banking system is described in a development process usually facing the apology of …
Persistent link: https://www.econbiz.de/10005561583
bank affiliates are strongly influenced by the capital allocation and credit steering mechanisms of the parent bank. The … credit growth of subsidiaries therefore potentially depends on the financial health of the foreign based parent bank. …’ credit supply towards large multinational corporations. Instead, increased competition and the improvement of subsidiaries …
Persistent link: https://www.econbiz.de/10005125553
commercial bank in Argentina between 1999 and 2001. Using detailed hand collected data on credit approvals, as well as perceived … reduces the number of complaints the bank receives from its clients. Alternative explanations and several tests are … structure was meaningful and productive from the bank's financial perspective. I find that cross-selling measures and bank …
Persistent link: https://www.econbiz.de/10005077034
-defined bank lending rationed and non rationed firms, interfirm credit received is, if ever, only slightly more expensive than bank … credit. Cross-section econometric analysis, besides establishing the greater reactivity of credit received rather than … granted to the external funds implicit cost, finds that the discount offered for early payments affects significantly credit …
Persistent link: https://www.econbiz.de/10005076953
horizon dynamic contracting model between a borrower and a lender with the following features: The borrower, is credit … possibility of financing projects, (ii) the economy exhibits investment cycles, (iii) credit is rationed if either the lender has …
Persistent link: https://www.econbiz.de/10005413259
This paper analyzes sequential games of double-sided Bertrand competition in the deposit and credit markets, when banks …
Persistent link: https://www.econbiz.de/10005550896
This paper presents an overlapping generations model with technology choice and credit market imperfections, in order … credit rationing, however, this technological switch widens inequality. Therefore, risk-averse agents would not be willing to …
Persistent link: https://www.econbiz.de/10005118853
Some empirical investigations are pointing to the fact that high-tech firms are subject to credit rationing to a higher … extent than the average. This excess of credit rationing may not be due to information asymmetries, but rather to the … inability of credit institutions to screen projects in novel fields. This article provides a model of this phenomenon and …
Persistent link: https://www.econbiz.de/10005561669