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Who Needs Credit and Who Gets Credit in Eastern Europe?
Brown, Martin; Ongena, Steven; Yesin, Pınar Ayşe Yeşin; … - Schweizerische Nationalbank (SNB) - 2010
Based on survey data covering 8,387 firms in 20 countries we compare credit demand and credit supply for firms in … Eastern Europe to those for firms in selected Western European countries. We find that, while 30% of firms do not need credit … in Eastern Europe, their need for credit is higher than in Western Europe. The firm-level determinants of credit needs in …
Persistent link: https://www.econbiz.de/10008523823
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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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Who Needs Credit and Who Gets Credit in Eastern Europe?
Brown, Martin; Ongena, Steven; Yesin, Pınar Ayşe Yeşin; … - Schweizerische Nationalbank (SNB) - 2010
Based on survey data covering 8,387 firms in 20 countries we compare credit demand and credit supply for firms in … Eastern Europe to those for firms in selected Western European countries. We find that, while 30% of firms do not need credit … in Eastern Europe, their need for credit is higher than in Western Europe. The firm-level determinants of credit needs in …
Persistent link: https://www.econbiz.de/10008925062
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Foreign Currency Borrowing by Small Firms
Brown, Martin; Ongena, Steven; Yesin, Pınar Ayşe Yeşin - Schweizerische Nationalbank (SNB) - 2009
credit risk. We then test the implications of our model by using a 2005 survey with responses from 9,655 firms in 26 …
Persistent link: https://www.econbiz.de/10004991322
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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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The Impact of Banking Sector Stability on the Real Economy
Monnin, Pierre; Jokipii, Terhi - Schweizerische Nationalbank (SNB) - 2010
This article studies the relationship between the degree of banking sector stability and the subsequent evolution of real output growth and inflation. Adopting a panel VAR methodology for a sample of 18 OECD countries, we find a positive link between banking sector stability and real output...
Persistent link: https://www.econbiz.de/10008515788
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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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Banks and Real Estate Prices
Hott, Christian - Schweizerische Nationalbank (SNB) - 2009
The willingness of banks to provide funding for real estate purchases depends on the creditworthiness of their borrowers. Beside other factors, the creditworthiness of borrowers depends on the development of real estate prices. Real estate prices, in turn, depend on the demand for homes which is...
Persistent link: https://www.econbiz.de/10008481994