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Affordability, financial innovation and the start of the housing boom
Dokko, Jane K.; Keys, Benjamin J.; Relihan, Lindsay E. - 2019
Persistent link: https://www.econbiz.de/10011986443
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Arbitraging the Basel securitization framework : evidence from German ABS investment
Efing, Matthias - 2015
This paper provides evidence for regulatory arbitrage within the class of assetbacked securities (ABS) based on individual asset holding data of German banks. I find that those banks operating with tight regulatory constraints pick the securities with the highest yield and lowest collateral...
Persistent link: https://www.econbiz.de/10011391709
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The determinants of CDS spreads : evidence from the model space
Pelster, Matthias; Vilsmeier, Johannes - 2016
We apply Bayesian Model Averaging and a frequentistic model space analysis to assess the pricing-determinants of credit default swaps (CDS). Our study focuses on the complete model space of plausible models covering most of the variables and specifications used elsewhere in the literature,...
Persistent link: https://www.econbiz.de/10011561899
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Collateral value and forbearance lending
Chen, Nan-kuang (contributor); Chu, Hsiao-lei (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001925490
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Identifying empty creditors with a shock and micro-data
Degryse, Hans; Gündüz, Yalın; O'Flynn, Kuchulain; … - 2021
Firms with credit-default swaps (CDS) traded on their debt may face "empty creditors" as hedged creditors have less … incentive to participate in firm restructuring. We test for the existence of empty creditors by employing an exogenous change to … of empty creditors is removed. This effect increases in the average CDS hedge position of a firm's creditors and in the …
Persistent link: https://www.econbiz.de/10012697959
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Moving in and out of financial distress : evidence for newly founded service sector firms
Kaiser, Ulrich - 2001
founded between 1994 and 1999. The estimation results indicate that the effect of limited liability depends upon firms …
Persistent link: https://www.econbiz.de/10013428391
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Do exposures to sagging real estate, subprime or conduits abroad lead to contraction and flight to quality in bank lending at home?
Ongena, Steven; Tümer-Alkan, Günseli; Westernhagen, … - 2015
We investigate how differential exposures by German banks to the US real estate market during the recent financial crisis affect their corporate lending in Germany. Using unique bank-level exposure data, we distinguish between three different types of bank exposures, i.e. direct exposure to the...
Persistent link: https://www.econbiz.de/10011280084
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Cross-border liquidity, relationships and monetary policy : evidence from the Euro area interbank crisis
Abbassi, Puriya; Bräuning, Falk; Fecht, Falko; … - 2014 - This version: November 2014
We analyze the impact of financial crises and monetary policy on the supply of wholesale funding liquidity, and also on the compositional supply effects through cross-border and relationship lending. For empirical identification, we draw on the proprietary bank-to-bank European interbank dataset...
Persistent link: https://www.econbiz.de/10010471858
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Intertemporal substitution in import demand and habit formation
De la Croix, David; Urbain, Jean-Pierre - 1996
Persistent link: https://www.econbiz.de/10000928032
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Nonparametric measurement of long-run growth in consumer welfare
Jaravel, Xavier; Lashkari, Danial - 2022
Persistent link: https://www.econbiz.de/10013332488