Showing 1 - 10 of 381
generates a distribution of bank sizes arising from differences in banks' ability to generate revenue from loans and from …
Persistent link: https://www.econbiz.de/10011075119
In the mid-2000s, federal bank regulatory agencies became alarmed by steadily increasing concentrations of commercial … of macroprudential regulation to have a significant and broad influence on bank behavior. …
Persistent link: https://www.econbiz.de/10010886224
results by highlighting their sensitivity to the choice of policy instrument. For the second example, a central bank and a …
Persistent link: https://www.econbiz.de/10011075124
Using a novel dataset on central bank interventions to financial institutions, we examine the impact of capital … compensation investors demand for being exposed to the risk of large correlated drops in bank stock prices. DCRP is calculated … using options that provide a hedge against large drops in the price of a bank index and its individual components. We find …
Persistent link: https://www.econbiz.de/10010937978
Estimates of investor expectations of government support of large financial firms are often based on large financial firms' lower borrowing costs relative to smaller financial firms. Using pricing data on credit default swaps (CDS) and corporate bonds over the period 2004 to 2013, however, we...
Persistent link: https://www.econbiz.de/10011268455
We examine the role of firms' government connections, defined by government intervention in CEO appointment and the status of state ownership, in determining the severity of financial constraints faced by Chinese firms. We demonstrate that government connections are associated with substantially...
Persistent link: https://www.econbiz.de/10011269077
We formulate and test hypotheses about the role of bank type – small versus large, single-market versus multimarket … Survey of Small Business Finance (SSBF), we conduct two sets of tests. First, we test for the type of bank serving as the … "main" relationship bank for small businesses with different firm and owner characteristics. Second, we test for the …
Persistent link: https://www.econbiz.de/10010728891
, making the run self-fulfilling and negatively affecting investment. In this framework I study how central bank credit …
Persistent link: https://www.econbiz.de/10011268457
I revisit the Great Inflation and the Great Moderation. I document an immoderation in corporate balance sheet variables so that the Great Moderation is best described as a period of divergent patterns in volatilities for real, nominal and financial variables. A model with time-varying financial...
Persistent link: https://www.econbiz.de/10011075129
Estimated dynamic models of business cycles in emerging markets deliver counterfactual predictions for the country risk premium. In particular, the country interest rate predicted by these models is acyclical or procyclical, whereas it is countercyclical in the data. This paper proposes and...
Persistent link: https://www.econbiz.de/10011075149