Showing 1 - 10 of 446
When firms borrow in foreign currency but collect revenues in local currency, exchange rate changes can affect their ability to repay their debt. Using loan-level data from U.S. banks' regulatory filings, this paper studies the effect of exchange rate changes on firms’ loan payments. A 10...
Persistent link: https://www.econbiz.de/10011741340
Do macroprudential regulations on residential lending influence commercial lending behavior too? To answer this question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential mortgages on which extra capital requirements were...
Persistent link: https://www.econbiz.de/10012064522
loan from a fintech lender than a traditional bank. Among conventional lenders, smaller banks were much less likely to lend … to show that the disparity is not primarily explained by differences in pre-existing bank or credit relationships, firm …
Persistent link: https://www.econbiz.de/10012643529
Bank distress can have severe negative consequences for the stability of the financial system, the real economy, and … public finances. Regimes for restructuring and restoring banks financed by bank levies and fiscal backstops seek to reduce … these costs. Bank levies attempt to internalize systemic risk and increase the costs of leverage. This paper evaluates the …
Persistent link: https://www.econbiz.de/10010257339
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
capital standards, and cost of bank equity determine credit reallocation, sectoral expansion and trade patterns. …
Persistent link: https://www.econbiz.de/10011941557
Japanese banking crisis. By leveraging a unique dataset merging firm-level financial statements and bank balance sheets, the …
Persistent link: https://www.econbiz.de/10014334373
Switzerland. For identification, we compare changes in the behavior of banks that had different fractions of their central bank …
Persistent link: https://www.econbiz.de/10011795014
We study the investor behavior on a leading peer-to-business lending platform and find evidence of two new investment biases - a default shock bias and a deep market bias. First, we find investors to stop investing in new loans and to cease from diversifying their portfolio after experiencing a...
Persistent link: https://www.econbiz.de/10011863582
financing, especially long-term lending. -- small and medium enterprises, bank finance, financial constraints, banking market …
Persistent link: https://www.econbiz.de/10003850504