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-dealers when they are more profitable. These results allow for a better understanding of banks' credit risk management …
Persistent link: https://www.econbiz.de/10012941795
The network pattern of financial linkages is important in many areas of banking and finance. Yet bilateral linkages are often unobserved, and maximum entropy serves as the leading method for estimating counterparty exposures. This paper proposes an efficient alternative that combines...
Persistent link: https://www.econbiz.de/10013047534
This paper provides evidence that interbank markets are tiered rather than flat, in the sense that most banks do not lend to each other directly but through money center banks acting as intermediaries. We capture the concept of tiering by developing a core-periphery model, and devise a procedure...
Persistent link: https://www.econbiz.de/10013094187
regulatory capital buffer requirements for banks. The gap between the ratio of credit-to-GDP and its long-term backward …-wide vulnerabilities that typically lead to banking crises. Other indicators, such as credit spreads, are better in indicating the release … phase as they are contemporaneous signals of banking sector distress that can precede a credit crunch …
Persistent link: https://www.econbiz.de/10013067138
) in 2011. We find that US firms experience a reduction in credit lines but not in term loans from EU banks. In addition …, US firms are able to compensate for the reduction in credit lines from EU banks by securing liquidity facilities from US …
Persistent link: https://www.econbiz.de/10012836875
surprises on credit supply, I take the changes in interest rate derivatives immediately after each MP announcement and bring … of the effects of contractionary MP on credit and about two thirds on employment …
Persistent link: https://www.econbiz.de/10012864776
This paper focuses on the recent changes in banking systems and how bank-specific characteristics have affected credit … supply in five Latin American countries (Brazil, Chile, Colombia, Mexico and Peru). We use detailed credit registry data and … funding, and a commercial business model generally supply more credit. Such banks are also more sheltered from monetary and …
Persistent link: https://www.econbiz.de/10012864779
to liquidity risk contracted their supply of credit more sharply. I contribute to the identification of this effect by … important determinant of the contraction of credit in the mortgage market, but as separate from the precipitous fall in credit …
Persistent link: https://www.econbiz.de/10013039970
We study the impact of bank credit supply on firm output and productivity. By exploiting a matched firm-bank database … which covers all the credit relationships of Italian corporations over more than a decade, we measure idiosyncratic supply …-side shocks to firms' credit availability. We use our data to estimate a production model augmented with financial frictions and …
Persistent link: https://www.econbiz.de/10012923261
This paper uses loan-level data from Peru's credit registry to determine how the role of bank-specific characteristics … (i.e. bank size, liquidity, capitalization, funding, revenue, and profitability) may affect the supply of credit in …. Finally, we assess how the link between bank-specific characteristics and credit supply is affected by global financial …
Persistent link: https://www.econbiz.de/10014104725