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The countercyclical capital buffer and the composition of bank lending
Auer, Raphael A.; Ongena, Steven - 2019
question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …
Persistent link: https://www.econbiz.de/10012064522
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Business cycles, credit cycles and bank holdings of sovereign bonds : historical evidence for Italy 1861 - 2013
Bartoletto, Silvana; Chiarini, Bruno; Marzano, Elisabetta; … - 2015
cycle comovement increases when credit embodies public bonds held by banks, a bank financing to the public sector. However …We propose a joint dating of the Italian business and credit cycle on a historical horizon, by applying a local turning … carry out some statistical tests for comovement between credit and business cycle and we propose a measure of asymmetry of …
Persistent link: https://www.econbiz.de/10010509572
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Loan loss pprovision : some empirical evidence for Italian banks
Caporale, Guglielmo Maria; Alessi, Matteo; Di Colli, Stefano - 2015
This paper uses data from a panel of more than 400 Italian banks for the period 2001 - 2012 to examine the main …
Persistent link: https://www.econbiz.de/10010496145
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How has the global financial crisis affected syndicated loan terms in emerging markets? : evidence from China
Caporale, Guglielmo Maria; Lodh, Suman; Nandy, Monomita - 2015
This paper examines the impact of the recent global financial crisis on the cost of debt capital (syndicated loans) in a leading emerging market, namely China, using difference-in-differences and GARCH approaches. Before the crisis China adopted banking reforms allowing entry of foreign banks...
Persistent link: https://www.econbiz.de/10010518789
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The dollar and corporate borrowing costs
Meisenzahl, Ralf R.; Niepmann, Friederike; … - 2020
We show that U.S. dollar movements affect syndicated loan terms for U.S. borrowers, even for those without trade exposure. We identify the effect of dollar movements using spread and loan amount adjustments during the syndication process. Using this high-frequency, within loan variation, we find...
Persistent link: https://www.econbiz.de/10012231575
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The loan puzzle : a study of loans to different groups in the USA.
Cafiso, Gianluca - 2020
We study loans from banking and non-banking lenders to different groups of borrowers in order to unveil significant differences on how those respond to a shock and evaluate possible alternative explanations for such differences. The objective is to gain insights useful to explain the loan...
Persistent link: https://www.econbiz.de/10012194423
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Foreign currency loans and credit risk : evidence from U.S. banks
Niepmann, Friederike; Schmidt-Eisenlohr, Tim - 2017
implies that firms do not perfectly hedge against exchange rate risk and that this risk translates into credit risk for banks …
Persistent link: https://www.econbiz.de/10011741340
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Global investors, the dollar, and U.S. credit conditions
Niepmann, Friederike; Schmidt-Eisenlohr, Tim - 2018
This paper documents that an appreciation of the U.S. dollar is associated with a reduction in the supply of commercial and industrial loans by U.S. banks. An increase in the broad dollar index by 2.5 points (one standard deviation) reduces U.S. banks' corporate loan originations by 10 percent....
Persistent link: https://www.econbiz.de/10011922169
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Lending cycles and real outcomes : costs of political misalignment
Bircan, Cagatay; Saka, Orkun - 2021
We document a strong political cycle in bank credit and industry outcomes in Turkey. In line with theories of tactical … lending and creates credit constraints for firms in opposition areas, which suffer drops in assets, employment and sales but …
Persistent link: https://www.econbiz.de/10012428972
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Uncertainty and the cost of bank vs. bond finance
Grimme, Christian - 2019
How does uncertainty affect the costs of raising finance in the bond market and via bank loans? Empirically, this paper … finds that heightened uncertainty is accompanied by an increase in corporate bond yields and a decrease in bank lending …
Persistent link: https://www.econbiz.de/10011958806