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In the last two decades the European financial markets have become more market oriented. We analyze the economic and political forces that have triggered these changes as well as their likely welfare implications. We also try to assess whether this trend will continue. Based on our analysis, we...
Persistent link: https://www.econbiz.de/10012469104
By looking at how an East Asian currency moves when the yen fluctuates sharply against the US dollar, we sometimes find that the reaction has been much more significant than would be suggested by the econometric estimates of the weight of the yen in nominal exchange rate determination. Moreover,...
Persistent link: https://www.econbiz.de/10012473118
A lending boom is reflected in the composition of bank liabilities when traditional retail deposits (core liabilities …
Persistent link: https://www.econbiz.de/10012460232
We study a bank run in India in which private bank branches experience sudden and considerable loss of deposits that … on bank-firm relationships and branch balance sheets. The flight to safety is not a flight to quality. Lending shrinks …
Persistent link: https://www.econbiz.de/10013435119
Bank distress was a defining feature of the Great Depression in the United States. Most banks, however, weathered the … aggregate commercial bank lending between 1929 and 1932, more than twice as much as attributed to the failure of banks …
Persistent link: https://www.econbiz.de/10015056137
macroeconomic and bank regulatory reform. Bank regulatory policy promoted privatization, financial liberalization, and free entry …. Argentina's bank regulatory system now is widely regarded as one of the two or three most successful among emerging market …
Persistent link: https://www.econbiz.de/10012471046
Is bank capital structure designed to extract deposit subsidies? We address this question by studying capital structure … banks finance themselves primarily with short-term debt and originate long-term loans. However, shadow bank debt is provided … primarily by informed and concentrated lenders. (4) Shadow bank leverage increases substantially with size, and the …
Persistent link: https://www.econbiz.de/10012482083
focus of static models on value destruction of deposit outflow and bank run. Our model predictions on bank valuation and … environment, and reveals new aspects of deposit market power that has unique implications on bank franchise value …
Persistent link: https://www.econbiz.de/10012482516
that centers on the existence of an increasingly efficient market for bank shares. The stock market was important because …
Persistent link: https://www.econbiz.de/10012462885
. Using branch-level deposit rate data, we find little evidence for market discipline as rates are similar across bank … correlated with loan growth in other states in which their bank has some presence, suggesting internal capital markets help … reallocate the bank's funding …
Persistent link: https://www.econbiz.de/10011955520