Showing 1 - 10 of 466
mechanism, we set up a causal mediation analysis to prove that the judicial system affects banks credit risk exposure both …
Persistent link: https://www.econbiz.de/10012485338
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
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
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 … this comovement, which proves to be weaker in recessions. We find evidence that credit and business cycle are poorly …
Persistent link: https://www.econbiz.de/10010509572
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
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
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
African panel data for 111 individual banks in 29 countries over 2000 - 2008 provides strong evidence for these predictions …
Persistent link: https://www.econbiz.de/10010424751
guarantees for German Landesbanken which results in lower credit ratings, higher funding costs, and a loss in franchise value …
Persistent link: https://www.econbiz.de/10010257239
Motivated by the world-wide surge of FinTech lending, we analyze the implications of lenders' information technology adoption for financial stability. We estimate bank-level intensity of IT adoption before the global financial crisis using a novel dataset that provides information on hardware...
Persistent link: https://www.econbiz.de/10012158713