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corresponding imperfect substitutability between private and commercial credit for the entrepreneur's relationship bank is then …
Persistent link: https://www.econbiz.de/10012977947
We classify a large sample of banks according to the geographic diversification of their international syndicated loan … most stable source of funding, while foreign banks with little diversification are the most fickle. Our findings suggest …
Persistent link: https://www.econbiz.de/10012857888
bank segregations are effective in cleaning up balance sheets and promoting bank lending only if they combine … purchases are funded privately; (ii) smaller shares of the originating bank's assets are segregated; and (iii) asset segregation … problem associated with the creation of a bad bank …
Persistent link: https://www.econbiz.de/10012841855
This paper investigates the bank lending-channel of monetary policy (MP) surprises. To identify the effects of MP … this high-frequency identification strategy to comprehensive and matched bank-firm data from Brazil. The results are robust … across financial intermediaries, e.g. bank capital, are relevant. Firms connected to stronger banks mitigate about one third …
Persistent link: https://www.econbiz.de/10012864776
We document that banks reduce supply of jumbo mortgage loans when policy uncertainty increases in their headquarter states as measured by the timing of US gubernatorial elections. The reduction is larger for term-limited elections and close elections. We utilize high-frequency, geographically...
Persistent link: https://www.econbiz.de/10012850544
We show that banks reduce the supply of jumbo mortgage loans when policy uncertainty increases, as measured by the timing of US gubernatorial elections in banks' headquarter states. We use high-frequency, geographically granular loan-level data to address an identification problem arising from...
Persistent link: https://www.econbiz.de/10012859647
to idiosyncratic factors. In particular, the bank-specific credit growth rates - usually thought of as a measure of …
Persistent link: https://www.econbiz.de/10012997194
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 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