Showing 1 - 10 of 22
We allocate banks to distinct business models by experimenting with various combinations of balance sheet characteristics as inputs in cluster analysis. Using a panel of 178 banks for the period 2005-15, we identify a retail-funded and a wholesale-funded commercial banking model that are robust...
Persistent link: https://www.econbiz.de/10012941236
. Many empirical studies suggest that financial reform promoted bank competition in most mature and emerging economies …. However, some earlier studies that adopted conventional approaches to measure competition concluded that bank competition in … specifications and estimation methods. All in all, our analysis suggests that bank lending markets in China have been more …
Persistent link: https://www.econbiz.de/10013059565
shocks. Much less is known about how lending relationships and bank-specific characteristics affect the functioning of the … investigate how bank-specific characteristics (size, liquidity, capitalization, funding structure) and the bank-firm relationship …
Persistent link: https://www.econbiz.de/10013067112
panel database of South Dakota bank stockholders from 1910-1934 to study bank stockholder growth as well as its effect on … bank composition and risk. Overall, the average number of stockholders in a bank rose from 8 to 21 over the period with … with a subsequent increase in a bank's proportion of loans-to-assets, but no direct effect on bank closure outside of this …
Persistent link: https://www.econbiz.de/10013462689
their compensation to remain in the bank. We isolate withdrawals due to liquidity needs, deterioration of fundamentals, and … expiration of time deposits around unexpected uncertainty events and high-frequency microdata from a large Greek bank. Deposit … remain in the bank during episodes of high uncertainty. Our findings provide new insights into the design of interventions …
Persistent link: https://www.econbiz.de/10013362023
Banks' shadow, or money creation by banks beyond traditional loans, plays an important role in China's money-creation process, posing a number of challenges to monetary policy operations and financial risk management. This paper analyzes the money-creation mechanisms of China's shadow banking...
Persistent link: https://www.econbiz.de/10012859643
We examine the effect of negative nominal interest rates on bank profitability and behavior using a cross-country panel …
Persistent link: https://www.econbiz.de/10012480657
The largest commercial bank stocks, ranked by total size of the balance sheet, have significantly lower risk …-adjusted returns than small- and medium-sized bank stocks, even though large banks are significantly more levered. We uncover a size … factor in the component of bank returns that is orthogonal to the standard risk factors, including small-minus-big, which has …
Persistent link: https://www.econbiz.de/10012462104
The paper elicits a mechanism by which private leverage choices exhibit strategic complementarities through the reaction of monetary policy. When everyone engages in maturity transformation, authorities have little choice but facilitating refinancing. In turn, refusing to adopt a risky balance...
Persistent link: https://www.econbiz.de/10012463512
During extreme financial crises, all of a sudden, the financial world that was once rife with profit opportunities for financial institutions (banks, for short) becomes exceedingly complex. Confusion and uncertainty follow, ravaging financial markets and triggering massive flight-to-quality...
Persistent link: https://www.econbiz.de/10012463652