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Passive Creditors
Schoors, Koen; Sonin, Konstantin - William Davidson Institute, University of Michigan - 2005
bad loans and special bank closure provisions, are interpreted in our framework. …
Persistent link: https://www.econbiz.de/10005677615
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Quality of Institutions, Credit Markets and Bankruptcy
Hainz, Christa - William Davidson Institute, University of Michigan - 2005
The number of firm bankruptcies is surprisingly low in economies with poor institutions. We study a model of bank …-firm relationship and show that the bank’s decision to liquidate bad firms has two opposing effects. First, the bank receives a payoff …
Persistent link: https://www.econbiz.de/10005651481
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Default Rates in the Loan Market for SMEs: Evidence from Slovakia
Fidrmuc, Jarko; Hainz, Christa; Malesich, Anton - William Davidson Institute, University of Michigan - 2006
Banks entering an emerging market face a lot of uncertainty about the risks involved in lending. We use a unique unbalanced panel of nearly 700 shortterm loans made to SMEs in Slovakia between January 2000 and June 2005. Of the loans granted, on average 6.0 per cent of the firms defaulted....
Persistent link: https://www.econbiz.de/10005652526
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Banking Passivity And Regulatory Failure In Emerging Markets: Theory And Evidence From The Czech Republic.
Hanousek, Jan; Roland, Gerard - William Davidson Institute, University of Michigan - 2001
We present a model of bank passivity and regulatory failure. Banks with low equity positions have more incentives to be … rates may act as an early warning signal of bank failure. We provide empirical evidence that the balance sheet information … collected by the Czech National Bank is not a better predictor of bank failure than higher deposit rates. This confirms the …
Persistent link: https://www.econbiz.de/10005784685
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POLICY REGIME CHANGE AND CORPORATE CREDIT IN BULGARIA: ASYMMETRIC SUPPLY AND DEMAND RESPONSES
Dobrinsky, Rumen; Markov, Nikolay - William Davidson Institute, University of Michigan - 2003
– affects the flow of bank credit to the corporate sector. An attempt is made to identify the determinants of corporate credit …
Persistent link: https://www.econbiz.de/10005207906
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Financial Development and Technology
Tadesse, Solomon - William Davidson Institute, University of Michigan - 2007
Research in development economics reveals that the bulk of cross-country differences in economic growth is attributable to differences in productivity. By some accounts, productivity contributes to more than 60 percent of countries’ growth in per capita GDP. I examine a particular channel...
Persistent link: https://www.econbiz.de/10005652518
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Governance and Performance of Microfinance Institutions in Central And Eastern Europe and the Newly Independent States
Hartarska, Valentina - William Davidson Institute, University of Michigan - 2004
This paper presents the first evidence on the impact of external governance mechanisms, board diversity and independence, and management compensation on outreach and sustainability of microfinance institutions in Central and Eastern Europe and the Newly Independent States. Results indicate that...
Persistent link: https://www.econbiz.de/10005652536
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Innovation, Information and Financial Architecture
Tadesse, Solomon - William Davidson Institute, University of Michigan - 2007
market-based systems have a general positive effect on innovations in all economic sectors, bank-based systems foster more … architecture. Thus, the relative performance of bank-based systems vis-à-vis market-based systems depends on the industrial …
Persistent link: https://www.econbiz.de/10005652649
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Implications of bank ownership for the credit channel of monetary policy transmission: Evidence from India
Bhaumik, Sumon Kumar; Dang, Vinh; Kutan, Ali M. - William Davidson Institute, University of Michigan - 2010
Many developing and emerging markets have high degrees of state bank ownership. In addition, the recent global … banks with different ownerships. In this paper, using bank-level data from India, we examine this issue and also test … types of banks to monetary policy initiatives of the central bank and the bank lending channel of monetary policy might be …
Persistent link: https://www.econbiz.de/10008606477
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Financial Development and Technology
Tadesse, Solomon - William Davidson Institute, University of Michigan - 2005
Research in development economics reveals that the bulk of cross-country differences in economic growth is attributable to differences in productivity. By some accounts, productivity contributes to more than 60 percent of countries’ growth in per capita GDP. I examine a particular channel...
Persistent link: https://www.econbiz.de/10005784702