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affected banks and by non-affected non-bank financial institutions (NBFIs)? To answer this question, we apply a difference … that insurance companies, financial enterprises, and factoring companies - but not leasing companies - and Non-EBA banks … expand their corporate lending relative to EBA banks. In particular, NBFIs use the opportunity to expand their credit …
Persistent link: https://www.econbiz.de/10014384399
We exploit variation in the share of seniors across European banking markets to construct an IV for banks’ dependence … funding via targeted longer-term refinancing operations (TLTRO). This effect is stronger when banks face less competition …. Long-term central bank funding further motivates banks to reduce their dependence on debt issuance and increase their money …
Persistent link: https://www.econbiz.de/10014320568
bank (G-SIB) envisaged by regulators has an impact on the CDS prices of these banks. We find evidence that the CDS spreads …
Persistent link: https://www.econbiz.de/10012179673
decreases over time. We study how regulatory tightenings inherent in this period, and addressing systemically important banks … (SIBs) in general and complexity more specifically, alter banks’ choices of complexity and risk. Banks reduce their … able to lower their idiosyncratic risk more than other banks. The overall complexity-risk nexus is lower after regulatory …
Persistent link: https://www.econbiz.de/10012510180
transforms existing financial claims against ultimate borrowers that have been originated by traditional banks. Based on … non-financial private sector had been originated by shadow banks. Consequently, dampening credit creation by the …
Persistent link: https://www.econbiz.de/10011456517
banks in the time period between 1995 and 2013, before the Basel III liquidity regulation to address excessive maturity …. Using a dataset that contains information on critical events of German banks, we find that financing loans using fewer … customer deposits would have been associated with a higher probability of financial distress for savings banks and credit …
Persistent link: https://www.econbiz.de/10011608695
highlight an opposite effect: higher profitability loosens bank borrowing constraints. This enables profitable banks to take …
Persistent link: https://www.econbiz.de/10012020122
We study how contingent capital affects banks' risk choices. When triggered in highly levered states, going …
Persistent link: https://www.econbiz.de/10011874283
Financial repression lowers the return on government debt and contributes, all else equal, towards its liquidation. However, its full effect on the debt-to-GDP ratio hinges on how repression impacts the economy at large because it alters investment and saving decisions. We develop and estimate a...
Persistent link: https://www.econbiz.de/10014559288
When assessing future growth prospects, does it matter how the economy grows now? In other words, does the current structure of demand affect future growth? This question is analyzed in our paper by using global and EU panel data. The result is quite striking: consumption-led growth - either in...
Persistent link: https://www.econbiz.de/10014551580