This paper uses longitudinal data to perform tests of asymmetric information in the French automobile insurance market …).We demonstrate that the result of the test depends crucially on how the dynamic process between insurance claims and contract choice … distinguish from adverse selection using a multivariate dynamic panel data model.Experience rating appears to lead high risk …

This paper empirically analyzes moral hazard in car insurance using a dynamic theory of an insuree's dynamic risk (ex …

How do banks react to increased interbank competition?Recent banking theory offers conflicting predictions about the …

empirical relation between collateral and loan risk. We posit that certain economic characteristics of collateral may be … associated with the empirical dominance of different risk-collateral channels implied by economic theory, namely the “lender … selection,” “borrower selection,” “risk-shifting,” and “loss mitigation” channels. Each of these four channels has different …

structure of loan returns can have signi.cant in.uence on the cost of issuing equity since it a.ects the variance of a banks …

allocation in emerging markets. We investigate the impact of the mode of foreign entry (greenfield or takeover) on banks …

In this paper we use credit rating data from two Swedish banks to elicit evidence on these banks’ loan monitoring … the Swedish credit bureau. We test the banks’ abilility to forecast the credit bureau’s ratings and vice versa. We show … that one of the banks has a superior predictive ability relative to the credit bureau. This is evidence that bank credit …

of institutions - banks and non-bank financial institutions - have a (significantly different) impact on local economic …

firms.We study the effect on loan conditions of geographical distance between firms, the lending bank, and all other banks … with the distance between the firm and competing banks.The effect of distance on the loan rate is statistically significant …

We propose a new method for measuring the quality of banks credit portfolios. This method makes use of information … varying quality. The method allows us to derive a credit risk indicator (CRI), which is the perceived share of high risk … subprime crisis. This suggests that the market was aware of their (average) exposure to high risk credit. …