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Do Banks Pass Through Credit Expansions? The Marginal Profitability of Consumer Lending During the Great Recession

Agarwal, Sumit - 2015

We examine the ability of policymakers to stimulate household borrowing and spending during the Great Recession by reducing banks' cost of funds. Using panel data on 8.5 million U.S. credit card accounts and 743 credit limit regression discontinuities, we estimate the marginal propensity to...

Persistent link: https://www.econbiz.de/10013013488

Credibility for Sale

Dellas, Harris - 2013

We develop a sovereign debt model with official and private creditors where default risk depends on both the level and the composition of liabilities. Higher exposure to official lenders improves incentives to repay but carries extra costs, such as reduced ex-post flexibility. The model implies...

Persistent link: https://www.econbiz.de/10013078524

Information Asymmetry, Education Signals and the Case of Ethnic and Native Germans

Hornig, Stephan O.; Rottmann, Horst; Wapler, Rüdiger - 2021

whether the signalling value differs between the migrants and non-migrants in the German labour market. Starting from the …

Persistent link: https://www.econbiz.de/10013316355

Electoral Cycles in Savings Bank Lending

Englmaier, Florian - 2013

We provide evidence that German savings banks – where local politicians are by law involved in their management – systematically adjust lending policies in response to local electoral cycles. The different timing of county elections across states and the existence of a control group of...

Persistent link: https://www.econbiz.de/10013075619

Credit Misallocation During the European Financial Crisis

Schivardi, Fabiano - 2017

Do banks with low capital extend excessive credit to weak firms, and does this matter for aggregate efficiency? Using a unique data set that covers almost all bank-firm relationships in Italy in the period 2004-2013, we find that, during the Eurozone financial crisis: (i) Under-capitalized banks...

Persistent link: https://www.econbiz.de/10012958446

A Micro Data Aproach to the Identification of Credit Crunches

Rottmann, Horst - 2013

This paper presents a micro data approach to the identification of credit crunches. Using a survey among German firms which regularly queries the firms' assessment of the current willingness of banks to extend credit we estimate the probability of a restrictive credit supply policy by time...

Persistent link: https://www.econbiz.de/10013094402

How Do Banks and Households Manage Interest Rate Risk? Evidence from the Swiss Mortgage Market

Basten, Christoph - 2017

We exploit a unique data set that features both un-intermediated mortgage requests and independent offers from multiple … current mortgage payments over the risk of possible hikes in future mortgage payments. We also provide evidence that banks do … influence the contracted mortgage rate fixation periods, trading off their own exposure to interest rate risk against the …

Persistent link: https://www.econbiz.de/10012946926

Betting the House

Jorda, Oscar - 2015

Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of modern economic history in the advanced economies. We...

Persistent link: https://www.econbiz.de/10013030308

Default Predictors and Credit Scoring Models for Retail Banking

Kočenda, Evžen - 2013

This paper develops a specification of the credit scoring model with high discriminatory power to analyze data on loans at the retail banking market. Parametric and non- parametric approaches are employed to produce three models using logistic regression (parametric) and one model using...

Persistent link: https://www.econbiz.de/10013095290

On the Roles of Different Foreign Currencies in European Bank Lending

Krogstrup, Signe - 2015

We draw on a new data set on the use of Swiss francs and other currencies by European banks to assess the patterns of foreign currency bank lending. We show that the patterns differ sharply across foreign currencies. The Swiss franc is used predominantly for lending to residents, especially...

Persistent link: https://www.econbiz.de/10013013086

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