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Shadow banking : financial intermediation beyond banks
Adrian, Tobias; Chrétien, Edouard; Chui, Michael; … - Shadow Banking: Financial Intermediation beyond Banks …; … - 2018
Persistent link: https://www.econbiz.de/10011790739
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Does relationship matter? The choice of financial advisors
Francis, Bill B.; Hasan, Iftekhar; Sun, Xian - Suomen Pankki - 2012
Using a sample of U.S. mergers and acquisitions, this study evaluates how banking relationships influence acquirers’ choice of financial advisors. Specifically, it examines: i) acquirers’ previous relationships with advisors in various financial activities: M&A advisories, equity issuings...
Persistent link: https://www.econbiz.de/10010584390
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Simulation analyses and stress testing of payment networks
Leinonen (ed), Harry - Suomen Pankki - 2009
. Most of these were carried out using the payment and settlement system simulator BoF-PSS2 provided by the Bank of Finland …. The preliminary versions were presented at the annual simulator seminars arranged by the Bank in 2007 and 2008. The main …
Persistent link: https://www.econbiz.de/10008774214
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Simulation studies of liquidity needs, risks and efficiency in payment networks
Leinonen (ed), Harry - Suomen Pankki - 2007
techniques. Most have been carried out using the payment and settlement system simulator BoF-PSS2 provided by the Bank of Finland …. The preliminary versions were presented at the annual simulator seminars arranged by the Bank in 2005 and 2006. The main …
Persistent link: https://www.econbiz.de/10008774230
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The impact of CFO gender on bank loan contracting
Francis, Bill; Hasan, Iftekhar; Wu, Qiang - Suomen Pankki - 2011
decisions, we examine whether banks take into consideration the gender of CFOs when pricing bank loans. We find that in our … sample, firms under the control of female CFOs on average enjoy about 11% lower bank loan price than firms under the control …
Persistent link: https://www.econbiz.de/10009358946
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The cost of sin: The effect of social norms on audit pricing
Leventis, Stergios; Hasan, Iftekhar; Dedoulis, Emmanouil - Suomen Pankki - 2013
In this paper we provide evidence for the effects of social norms on audit pricing by studying companies belonging to the alcohol, firearms, gambling, military, nuclear power, and tobacco industries, which are often described as “sin” companies. We hypothesize that the disparities between...
Persistent link: https://www.econbiz.de/10010818972
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Banking after regulatory reforms - business as usual? : a joint publication with the Bank of Finland
Jokivuolle, Esa (ed., introduction);  … - SUERF/Bank of Finland Conference Banking after …; … - 2014
The 5th joint SUERF/Bank of Finland joint conference was held in Helsinki on 13 June 2013. The general theme of the …
Persistent link: https://www.econbiz.de/10011711934
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Bank ownership structure, SME lending and local credit markets
Hasan, Iftekhar; Jackowicz, Krzysztof; Kowalewski, Oskar; … - Suomen Pankki - 2014
In this paper, by employing a novel approach, we study the relationship between bank type and small-business lending in … a post-transition country. Using a unique dataset on bank branches and firm-level data, we find that local cooperative … domestic banks. Our results are important from a policy perspective, as they show that foreign bank entry and industry …
Persistent link: https://www.econbiz.de/10010945118
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Screening in the credit market when the collateral value is stochastic
Niinimäki, Juha-Pekka - Suomen Pankki - 2009
This theoretical paper explores screening with loan collateral when both the collateral value and the probability of project success fluctuate. Some model versions challenge the classic findings of Bester (1985) by showing that high-risk borrowers may in such case be more willing to pledge...
Persistent link: https://www.econbiz.de/10005014554
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Optimal bank transparency
Moreno, Diego; Takalo, Tuomas - Suomen Pankki - 2012
Consider a competitive bank whose illiquid asset portfolio is funded by short-term debt that has to be refinanced … of social externalities of bank failures further lowers the optimal level of transparency. Moreover, asset risk taking …
Persistent link: https://www.econbiz.de/10009651893