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crisis that allowed firms to suspend payment of all labor-related taxes and fees. Comprehensive administrative data on all …
Persistent link: https://www.econbiz.de/10011300345
We study the importance of information technology (IT) in banking for entrepreneurship. Guided by a parsimonious model …. We present evidence consistent with banks’ IT adoption spurring entrepreneurship through a collateral channel …: entrepreneurship increases by more in IT-exposed counties when house prices rise. Further analysis suggests that IT improves banks …
Persistent link: https://www.econbiz.de/10015048384
We analyze gender discrimination in entrepreneurship finance. Access to finance is crucial for entrepreneurial success …
Persistent link: https://www.econbiz.de/10014388597
regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to … annual data from 1999 to 2011 drawn from 132 countries. The probability of a financial crisis fits an inverted U-shaped curve …
Persistent link: https://www.econbiz.de/10012030889
Using a novel way to identify relationship and transaction banks, we study how banks' lending techniques affect funding to SMEs over the business cycle. For 21 countries we link the lending techniques that banks use in the direct vicinity of firms to these firms' credit constraints at two...
Persistent link: https://www.econbiz.de/10010375321
We analyze gender bias in entrepreneurship finance. Access to finance is crucial for entrepreneurial success, yet women …
Persistent link: https://www.econbiz.de/10014578559
The current financial crisis has sparked intense debate about how weak banks should be resolved. Despite international … practiceʺ. But some of these lessons have proved hard to implement during the current crisis, and new policies have been … resolution methods in the US, UK and NZ. -- crisis resolution ; banks ; special resolution regime …
Persistent link: https://www.econbiz.de/10003891719
We examine to what extent banks' stock market values during the 2007-2012 financial crisis were driven by increases in …
Persistent link: https://www.econbiz.de/10010354063
We develop a model where banks invest in reserves and loans, and face aggregate liquidity shocks. Banks with liquidity shortage sell loans on the interbank market. Two equilibria emerge. In the no default equilibrium, all banks hold enough reserves and remain solvent. In the mixed equilibrium,...
Persistent link: https://www.econbiz.de/10010249670
The severity and depth of the recent financial crisis hit many by surprise. Despite warning signs, the financial system … bank manager monitoring the bank’s loan portfolio. The manager must be incentivized to warn the board before a crisis … conditions deteriorate when lenders notice an upcoming crisis. We discuss policies to improve information efficiency and give …
Persistent link: https://www.econbiz.de/10010467356