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The Emergence of Information Sharing in Credit Markets
Brown, Martin; Zehnder, Christian - Schweizerische Nationalbank (SNB) - 2008
We examine how asymmetric information and competition in the credit market affect voluntary information sharing between … lenders. We study an experimental credit market in which information sharing can help lenders to distinguish good borrowers … credit market increases the frequency of information sharing between lenders significantly. Competition between lenders …
Persistent link: https://www.econbiz.de/10005069893
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The Emergence of Information Sharing in Credit Markets
Brown, Martin; Zehnder, Christian - Schweizerische Nationalbank (SNB) - 2008
We examine how asymmetric information and competition in the credit market affect voluntary information sharing between … lenders. We study an experimental credit market in which information sharing can help lenders to distinguish good borrowers … credit market increases the frequency of information sharing between lenders significantly. Competition between lenders …
Persistent link: https://www.econbiz.de/10008925050
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Daytime is money
Kraenzlin, Sébastien; Nellen, Thomas - Schweizerische Nationalbank (SNB) - 2010
-versus-payment substitute credit risk with liquidity risk which in turn increases the value of intraday liquidity. The analysis is central bank …
Persistent link: https://www.econbiz.de/10008515787
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Bank Capital Buffer and Risk Adjustment Decisions
Jokipii, Terhi; Milne, Alistair - Schweizerische Nationalbank (SNB) - 2009
Building an unbalanced panel of United States (US) bank holding company (BHC) and commercial bank balance sheet data from 1986 to 2006, we examine the relationship between short-term capital buffer and portfolio risk adjustments. Our estimations indicate that the relationship over the sample...
Persistent link: https://www.econbiz.de/10008500803
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Banking and Transparency: Is More Information Always Better?
Allenspach, Nicole - Schweizerische Nationalbank (SNB) - 2009
This paper shows that transparency in banking can be harmful from a social planner’s point of view. According to our model, enhancing transparency above a certain level may lead to the inefficient liquidation of a bank. The reason lies in the nature of a standard deposit contract: its payoff...
Persistent link: https://www.econbiz.de/10008471877
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Credit Reporting, Relationship Banking, and Loan Repayment
Brown, Martin; Zehnder, Christian - Schweizerische Nationalbank (SNB) - 2006
This paper examines the impact of credit reporting on the repayment behavior of borrowers. We implement an experimental … credit market in which loan repayment is not third-party enforceable. We then compare market outcome with a public credit … registry to that without a credit registry. This experiment is conducted for two market environments: first, a market in which …
Persistent link: https://www.econbiz.de/10005091275
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Information Sharing and Credit: Firm-Level Evidence from Transition Countries
Brown, Martin; Jappelli, Tullio; Pagano, Marco - Schweizerische Nationalbank (SNB) - 2007
We investigate whether information sharing among banks has affected credit market performance in the transition … information sharing is associated with improved availability and lower cost of credit to firms. This correlation is stronger for … environments. In cross-sectional estimates, we control for variation in country-level aggregate variables that may affect credit …
Persistent link: https://www.econbiz.de/10005091286
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Why 'Basel II' May Need a Leverage Ratio Restriction
Blum, Juerg - Schweizerische Nationalbank (SNB) - 2007
We analyze regulatory capital requirements where the amount of required capital depends on the level of risk reported by the banks. It is shown that if the supervisors have a limited ability to identify or to sanction dishonest banks, an additional risk-independent leverage ration restriction...
Persistent link: https://www.econbiz.de/10005091308
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Access policy and money market segmentation
Kraenzlin, Sébastien Philippe; Nellen, Thomas - Schweizerische Nationalbank (SNB) - 2012
We analyse deviations between interest rates paid in the Swiss franc unsecured money market and the respective Libor rate. First, banks that have access to the secured interbank market and the SNB's monetary policy operations pay less than banks without access. Second, domestically unchartered,...
Persistent link: https://www.econbiz.de/10010583705
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Why 'Basel II' May Need a Leverage Ratio Restriction
Blum, Jürg M. - Schweizerische Nationalbank (SNB) - 2007
We analyze regulatory capital requirements where the amount of required capital depends on the level of risk reported by the banks. It is shown that if the supervisors have a limited ability to identify or to sanction dishonest banks, an additional risk-independent leverage ration restriction...
Persistent link: https://www.econbiz.de/10008917446