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External support and bank behaviour in the international syndicated loan market

Gadanecz, Blaise; Tsatsarōnēs, Kōstas; Altunbaş, Yener - Bank für Internationalen Zahlungsausgleich <Basel> - 2008

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 US dollar shortage in global banking and the international policy response

McGuire, Patrick M.; Peter, Goetz von - Bank for International Settlements / Monetary and … - 2009

Among the policy responses to the global financial crisis, the international provision of US dollars via central bank …

Persistent link: https://www.econbiz.de/10009138467

Mutual guarantee institutions and small business finance

Columba, Francesco; Gambacorta, Leonardo; Mistrulli, … - Bank for International Settlements / Monetary and …

A large body of literature has shown that small firms experience difficulties in accessing the credit market due to informational asymmetries. Banks can overcome these asymmetries through relationship lending, or at least mitigate their effects by asking for collateral. Small firms, especially...

Persistent link: https://www.econbiz.de/10009138470

Incentives and tranche retention in securitisation: a screening model

Fender, Ingo; Mitchell, Janet - Bank für Internationalen Zahlungsausgleich <Basel> - 2009

This paper examines the power of different contractual mechanisms to influence an originator’s choice of costly effort to screen borrowers when the originator plans to securitise its loans. The analysis focuses on three potential mechanisms: the originator holds a “vertical slice”, or...

Persistent link: https://www.econbiz.de/10009138474

Time to buy or just buying time? The market reaction to bank rescue packages

King, Michael R. - Bank für Internationalen Zahlungsausgleich <Basel> - 2009

This paper reviews the market reaction to bank rescue packages announced in six countries between October 2008 and … shareholders as seen in the movement of bank stock prices. Government interventions benefited creditors at the expense of … shareholders, with bank CDS spreads narrowing around the announcements in all cases. Despite a brief positive... …

Persistent link: https://www.econbiz.de/10009138478

A Framework for Assessing the Systemic Risk of Major Financial Institutions

Huang, Xin Xun; Zhou, Hao; Zhu, Haibin - Bank für Internationalen Zahlungsausgleich <Basel> - 2009

In this paper we propose a framework for measuring and stress testing the systemic risk of a group of major financial institutions. The systemic risk is measured by the price of insurance against financial distress, which is based on ex ante measures of default probabilities of individual banks...

Persistent link: https://www.econbiz.de/10009138492

Bank ties and firm performance in Japan: some evidence since FY2002

McGuire, Patrick M. - Bank für Internationalen Zahlungsausgleich <Basel> - 2009

bank served as the main bank. However, affiliation with a main bank - proxied by firm-bank loan and shareholding ties … bank ties are less profitable... …

Persistent link: https://www.econbiz.de/10009248805

Capital regulation, risk-taking and monetary policy: a missing link in the transmission mechanism?

Borio, Claudio E. V.; Zhu, Haibin - Bank für Internationalen Zahlungsausgleich <Basel> - 2008

Few areas of monetary economics have been studied as extensively as the transmission mechanism. The literature on this topic has evolved substantially over the years, following the waxing and waning of conceptual frameworks and the changing characteristics of the financial system. In this paper,...

Persistent link: https://www.econbiz.de/10009248818