Showing 71 - 80 of 207
This paper uses a unique data set on more than 600,000 mortgage contracts to estimate a credit supply function which allows for risk-heterogeneity. Non-linearity is modelled using quantile regressions. We propose an instrumental variable approach in which changes in the tax treatment of housing...
Persistent link: https://www.econbiz.de/10008695862
Recent macro developments in the euro area have highlighted the interactions between fiscal policy, sovereign debt, and financial fragility. We take a structural macroeconomic model with frictions in the financial intermediation process, in line with recent research, but introduce asset choice...
Persistent link: https://www.econbiz.de/10009625616
We investigate how the lending activities of a multinational bank’s affiliates located abroad are affected by funding … a disadvantage in the crisis, as inter-bank and capital markets froze. Besides, the more an affiliate abroad takes … recourse to intra-bank funding in the crisis, the more it becomes dependent on a stable deposit and long-term wholesale funding …
Persistent link: https://www.econbiz.de/10009625687
This paper studies the impact of bank regulation and taxation in a dynamic model where banks are exposed to credit and … an inverted U–shaped relationship between capital requirements and bank lending, efficiency, and welfare, with their … welfare costs than taxes on non-deposit liabilities. -- Bank Regulation ; Taxation ; Dynamic Banking Model …
Persistent link: https://www.econbiz.de/10009528883
This paper examines the international credit portfolios of German banks. We construct a bank-country panel from a … unique dataset for a representative set of countries and ask why banks leave diversification opportunities unexploited in … some countries. Controlling for bank heterogeneity, we analyse the deviations of actual portfolios from a mean …
Persistent link: https://www.econbiz.de/10009656123
A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy, lenders may charge higher interest rates or...
Persistent link: https://www.econbiz.de/10009008042
Our paper addresses firm size as a driver of systematic credit risk in loans to small and medium enterprises (SMEs). Key contributions are the use of a unique data set of SME lending by over 400 German banks and relating systematic risk to the size dependence of regulatory capital requirements....
Persistent link: https://www.econbiz.de/10009751062
We examine the role of bank balance sheet strength in the transmission of financial sector shocks to the real economy … bank credit. We find that banks with strong balance sheets were better able to maintain lending during the crisis. In … that strong bank balance sheets are key for the recovery of credit following crises, and provide support for regulatory …
Persistent link: https://www.econbiz.de/10010128760
We use a unique dataset with bank clients’ security holdings for all German banks to examine how macroeconomic shocks … credit-supply shocks which arise from reductions in borrowing abilities during bank distress. We document heterogeneous …-supply shocks at the bank level (caused by bank distress) result in lower concentration, for both households and non …
Persistent link: https://www.econbiz.de/10010258831
We explore the concept of global liquidity based on a factor model estimated using a large set of financial and macroeconomic variables from 24 advanced and emerging market economies. We measure global liquidity conditions based on the common global factors in the dynamics of liquidity...
Persistent link: https://www.econbiz.de/10009720899