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This paper analyzes the determinants of spreads on syndicated bank lending to emerging markets, treating the loan … interpretation of bank finance as dominating that segment of international financial markets characterized by the most pronounced …
Persistent link: https://www.econbiz.de/10012471681
efficiency concerns implied by Shari’ah constraints. Greater risk sharing among cooperative bank stakeholders, using mechanisms …
Persistent link: https://www.econbiz.de/10012667506
The following paper describes the emergence of cooperative mortgage credit associations, called "Landschaften" in 18th century Prussia, and thereby tells the history of mortgage-covered bonds. Landschaften facilitated the refinancing of loans for Prussian estates by issuing covered bonds...
Persistent link: https://www.econbiz.de/10012459502
presence on bank stability is positive on average but insignificant in some specifications …
Persistent link: https://www.econbiz.de/10014400786
of distress, complicating the bank resolution process ?specially for large banks?and may not provide adequate incentives …
Persistent link: https://www.econbiz.de/10014401640
This paper explains the continuing success of European cooperative banks through evolving comparative advantages. It points out that a cooperative is built around an intergenerational endowment without final owners, which creates particular governance challenges. Risks include the use of the...
Persistent link: https://www.econbiz.de/10014400126
Banks that enjoyed generous external financial support tended to under-price risk in theinternational syndicated loan market and did not show signs of innovation in their loanparticipations. Loans arranged by such banks had on average lower spreads (controlling forrisk and other characteristics)...
Persistent link: https://www.econbiz.de/10009248827
In the wake of the Asian financial crisis, many regimes in Asia adopted stricter provisioning requirements, as well as discretionary measures, with the objective of increasing provisioning in good times in response to rising levels of risk. Based on a final sample of 240 banks in 12 Asian...
Persistent link: https://www.econbiz.de/10013066258
This paper investigates how monetary policy affects bank profitability. We use data for 109 large international banks … short-term rates and the slope of the yield curve (the "interest rate structure", for short), on the one hand, and bank … that, over time, unusually low interest rates and an unusually flat term structure erode bank profitability …
Persistent link: https://www.econbiz.de/10013014487
types of long-term debt securities. By investigating at the individual bank level, we are able to test explicitly a broad … country and bank-specific financial characteristics as explanatory variables. With respect to the country determinants, our … bond issuance, while for banks from the euro area periphery central bank liquidity substituted for unsecured long-term debt …
Persistent link: https://www.econbiz.de/10013014489