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The real effects of bank distress : evidence from bank bailouts in Germany
Bersch, Johannes; Degryse, Hans; Kick, Thomas; Stein, Ingrid - 2019
sheets. We find that a distressed bank bailout, which is subject to restructuring and deleveraging conditions, leads to a …How does bank distress impact their customers' probability of default and trade credit availability? We address this … question by looking at a unique sample of German firms from 2000 to 2011. We follow their firm-bank relationships through times …
Persistent link: https://www.econbiz.de/10012103361
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The real effects of bank distress : evidence from bank bailouts in Germany
Bersch, Johannes; Degryse, Hans; Kick, Thomas; Stein, Ingrid - 2019
sheets. We find that a distressed bank bailout, which is subject to restructuring and deleveraging conditions, leads to a …How does bank distress impact their customers' probability of default and trade credit availability? We address this … question by looking at a unique sample of German firms from 2000 to 2011. We follow their firm-bank relationships through times …
Persistent link: https://www.econbiz.de/10012108717
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Non-performing loans, cost of capital, and lending supply : lessons from the eurozone banking crisis
Chiesa, Gabriella; Mansilla-Fernández, José Manuel - 2018
Persistent link: https://www.econbiz.de/10011882187
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Judicial efficiency and lending quality
D'Apice, Vincenzo; Fiordelisi, Franco; Puopolo, Giovanni W. - 2020
Persistent link: https://www.econbiz.de/10012503284
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Many a little makes a mickle : macro portfolio stress test for small and medium-sized German banks
Busch, Ramona; Koziol, Philipp; Mitrovic, Marc - 2015
We develop a macroeconomic portfolio stress test that is specifically geared towards small and medium-sized banks. We combine a credit risk stress test which simulates credit impairments via a CreditMetrics type multi-factor portfolio model with an income stress test in the form of dynamic panel...
Persistent link: https://www.econbiz.de/10011308474
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Credit risk connectivity in the financial industry and stabilization effects of government bailouts
Bosma, Jakob; Koetter, Michael; Wedow, Michael - 2012
that failed during the 2007/2008 crisis. Excess equity returns in response to bank bailouts are overall negative and …
Persistent link: https://www.econbiz.de/10009566462
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Risky firms and fragile banks : implications for macroprudential policy
Gasparini, Tommaso; Lewis, Vivien; Moyen, Stéphane; … - 2024
Increases in firm default risk raise the default probability of banks while decreasing output and inflation in US data. To rationalize the empirical evidence, we analyse firm risk shocks in a New Keynesian model where entrepreneurs and banks engage in a loan contract and both are subject to...
Persistent link: https://www.econbiz.de/10014501102
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The start-up decision under default risk
Comincioli, Nicola; Panteghini, Paolo; Vergalli, Sergio - 2021
This study introduces a real option model to investigate how fiscal policy affects a representative firm's investment decision and to measure its welfare effects. On the one hand, the effects of financial instability on the optimal investment timing and on the probability of default are studied....
Persistent link: https://www.econbiz.de/10012654165
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Identifying empty creditors with a shock and micro-data
Degryse, Hans; Gündüz, Yalın; O'Flynn, Kuchulain; … - 2021
bank-firm CDS net notional and credit exposures we find that the probability of default for CDS firms drops when the effect …
Persistent link: https://www.econbiz.de/10012697959
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Business tax policy under default risk
Comincioli, Nicola; Vergalli, Sergio; Panteghini, Paolo - 2019
In this article we use a stochastic model with one representative firm to study business tax policy under default risk. We will show that, for a given tax rate, the government has an incentive to reduce (increase) financial instability and default costs if its objective function is welfare (tax...
Persistent link: https://www.econbiz.de/10012006573