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Hold-up in multiple banking: Evidence from SME lending
Brunner, Antje; Krahnen, Jan Pieter - 2010
estimation. The analysis allows to distinguish between rents that accrue due to single bank lending, rents that accrue due to …
Persistent link: https://www.econbiz.de/10010303753
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Bank mergers, competition and liquidity
Carletti, Elena; Hartmann, Philipp; Spagnolo, Giancarlo - 2006
We model the impact of bank mergers on loan competition, reserve holdings and aggregate liquidity. A merger changes the … distribution of bank sizes and aggregate liquidity needs. Mergers among large banks tend to increase aggregate liquidity needs and … thus the public provision of liquidity through monetary operations of the central bank. …
Persistent link: https://www.econbiz.de/10010298322
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The Basle scuritisation framework explained: The regulatory treatment of asset securitisation
Jobst, Andreas A. - 2005
The paper provides a comprehensive overview of the gradual evolution of the supervisory policy adopted by the Basle Committee for the regulatory treatment of asset securitisation. We carefully highlight the pathology of the new 'securitisation framework' to facilitate a general understanding of...
Persistent link: https://www.econbiz.de/10010298262
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Corporate debt restructuring: Evidence on lender coordination in financial distress
Brunner, Antje; Krahnen, Jan Pieter - 2001
In the recent theoretical literature on lending risk, the coordination problem in multicreditor relationships have been analyzed extensively. We address this topic empirically, relying on a unique panel data set that includes detailed credit-file information on distressed lending relationships...
Persistent link: https://www.econbiz.de/10010292626
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Why borrowers pay premiums to larger lenders: Empirical evidence from sovereign syndicated loans
Hallak, Issam - 2002
All other terms being equal (e.g. seniority), syndicated loan contracts provide larger lending compensations (in percentage points) to institutions funding larger amounts. This paper explores empirically the motivation for such a price design on a sample of sovereign syndicated loans in the...
Persistent link: https://www.econbiz.de/10010317368
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Multiple lenders and corporate distress: Evidence on debt restructuring
Brunner, Antje; Krahnen, Jan Pieter - 2006
In the recent theoretical literature on lending risk, the coordination problem in multi-creditor relationships have been analyzed extensively. We address this topic empirically, relying on a unique panel data set that includes detailed credit-file information on distressed lending relationships...
Persistent link: https://www.econbiz.de/10010317372
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Determinants of bank lending performance
Ewert, Ralf; Schenk, Gerald - 1998
During the last years the lending business has come under considerable competitive pressure and bank managers often … are able to explain the financial performance of bank lending activities. The analysis is based on the CFS-data-set that …
Persistent link: https://www.econbiz.de/10010317383
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Credit information in universal banking: A clinical study
Burghof, Hans-Peter; Henschel, Claudia - 1998
We studied information and interaction processes in six lending relationships between a universal bank and medium sized …, bank monitoring is based mainly on cheap, retrospective and internal data. In case of distress, more expensive, prospective … firm's investments might leave the bank in a very strong bargaining position and distort investment incentives. Therefore …
Persistent link: https://www.econbiz.de/10010317384
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Comparative analysis of alternative credit risk models: An application on German middle market loan portfolios
Kern, Markus; Rudolph, Bernd - 2001
In recent years new methods and models have been developed to quantify credit risk on a portfolio basis. CreditMetrics (tm), CreditRisk+, CreditPortfolio (tm) are among the best known and many others are similar to them. At first glance they are quite different in their approaches and...
Persistent link: https://www.econbiz.de/10010317401
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Countdown for the New Basle Capital Accord: Are German banks ready for the internal ratings-based approach?
Ewert, Ralf; Szczesny, Andrea - 2001
This paper uses a unique data set from credit files of six leading German banks to provide some empirical insights into their rating systems used to classify corporate borrowers. On the basis of the New Basle Capital Accord, which allows banks to use their internal rating systems to compute...
Persistent link: https://www.econbiz.de/10010317411