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The Deposit Business at Large vs. Small Banks
Avernas, Adrien d'; Eisfeldt, Andrea L.; Huang, Can; … - National Bureau of Economic Research - 2023
The deposit business differs at large versus small banks. We provide a parsimonious model and extensive empirical evidence supporting the idea that much of the variation in deposit-pricing behavior between large and small banks reflects differences in "preferences and technologies." Large banks...
Persistent link: https://www.econbiz.de/10014436996
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Banks’ Internal Capital Markets and Deposit Rates
Ben-David, Itzhak - 2015
A common view is that deposit rates are determined primarily by supply: depositors require higher deposit rates from risky banks, thereby creating market discipline. An alternative perspective is that market discipline is limited (e.g., due to deposit insurance and/or enhanced capital...
Persistent link: https://www.econbiz.de/10011955520
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FinTech as a Financial Liberator
Buchak, Greg; Hu, Jiayin; Wei, Shang-jin - National Bureau of Economic Research - 2021
A binding interest rate cap on household savings is a common form of financial repression in developing economies and typically benefits banks. Using proprietary data from a leading Chinese FinTech company, we study Fintech's role in ending financial repression in China through the introduction...
Persistent link: https://www.econbiz.de/10012696357
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Corporate Misreporting and Bank Loan Contracting
Graham, John R. - 2007
This paper is the first to study the effect of financial restatement on bank loan contracting. Compared with loans initiated before restatement, loans initiated after restatement have significantly higher spreads, shorter maturities, higher likelihood of being secured, and more covenant...
Persistent link: https://www.econbiz.de/10012464938
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What Determines the Structure of Corporate Debt Issues?
Julio, Brandon - 2007
Publicly-traded debt securities differ on a number of dimensions, including quality, maturity, seniority, security, and convertibility. Finance research has provided a number of theories as to why firms should issue debt with different features; yet, there is very little empirical work testing...
Persistent link: https://www.econbiz.de/10012464940
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The Availability and Utilization of 401(k) Loans
Beshears, John - 2011
We document the loan provisions in 401(k) savings plans and how participants use 401(k) loans. Although only about 22% of savings plan participants who are allowed to borrow from their 401(k) have such a loan at any given point in time, almost half had used a 401(k) loan over a longer,...
Persistent link: https://www.econbiz.de/10012461539
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Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence
Blanchard, Olivier - 2015
currency and reduce net exports. Emerging market policy makers however believe that inflows lead to credit booms and rising …
Persistent link: https://www.econbiz.de/10012457050
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The International Transmission of Credit Bubbles : Theory and Policy
Ventura, Jaume - 2015
environment is conducive to countries experiencing credit bubbles that have large macroeconomic effects at home and are quickly … and domestic effects of these credit bubbles. This paper extends that framework to two-country setting and studies the … channels through which credit bubbles are transmitted across countries. We find that there are two main channels that work …
Persistent link: https://www.econbiz.de/10012457733
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Long-Run Price Elasticities of Demand for Credit : Evidence from a Countrywide Field Experiment in Mexico
Karlan, Dean - 2013
The long-run price elasticity of demand for credit is a key parameter for intertemporal modeling, policy levers, and … number of borrowers is also elastic. Credit bureau data does not show evidence of crowd-out. Competitors do not respond by …
Persistent link: https://www.econbiz.de/10012459555
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Syndicated Loan Spreads and the Composition of the Syndicate
Lim, Jongha - 2012
The past decade has seen significant changes in the structure of the corporate lending market, with non-bank institutional investors playing larger roles than they historically have played. These non-bank institutional lenders typically have higher required rates of return than banks, but invest...
Persistent link: https://www.econbiz.de/10012460303