Showing 1 - 10 of 763
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
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
Bank capital requirements are based on a mix of market values and book values. We investigate the effects of a policy … banking organizations. Our analysis is based on security-level data on individual bank portfolios matched to bond …
Persistent link: https://www.econbiz.de/10011868435
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
the relationship between board structure (size and composition) and bank performance, as well as some determinants of … board structure. We document that mergers and acquisitions activity influences bank board composition, and we provide new … evidence that organizational structure is significantly related to bank board size. We argue that these factors may explain why …
Persistent link: https://www.econbiz.de/10003781557
bank reserves is determined by the size of the Federal Reserve’s policy initiatives and in no way reflects the initiatives …’ effects on bank lending. We also argue that a large increase in bank reserves need not be inflationary, because the payment of …. -- Bank reserves ; central bank liquidity facilities ; money multiplier …
Persistent link: https://www.econbiz.de/10003864590
We address two questions: (i) Are bank capital structure and value correlated in the cross section, and if so, how? (ii …) If bank capital does affect bank value, how are the components of bank value affected by capital? We first develop a … dynamic model with a dissipative cost of bank capital that is traded off against the benefits of capital: strengthened …
Persistent link: https://www.econbiz.de/10003947552
We find that competition from payday lenders leads depository institutions to raise overdraft fees and reduce the availability of “free” checking accounts. We attribute this rise in prices partly to adverse selection created by banks’ practice of charging a flat fee regardless of the...
Persistent link: https://www.econbiz.de/10003947557
We investigate whether the “stress test,” the extraordinary examination of the nineteen largest U.S. bank holding … companies conducted by federal bank supervisors in 2009, produced information demanded by the market. Using standard event study … bank opacity and the value of government monitoring of banks. -- Supervisory capital assessment program ; capital gap …
Persistent link: https://www.econbiz.de/10008657205
firm incentives in a post-reform financial system. -- Financial regulatory reform ; corporate governance ; bank charter … ; bank insolvency …
Persistent link: https://www.econbiz.de/10008657240