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estimated while controlling for the macroeconomic environment. An increase in bank' balance sheet risk is shown to increase the …
Persistent link: https://www.econbiz.de/10013097610
explain about two-thirds of the variation of bank capitalization over the business cycle. We estimate that provisioning …
Persistent link: https://www.econbiz.de/10012868670
overnight unsecured loans. Using proprietary bank-level data, we find that interbank rate uncertainty significantly raises … positions and greater access to central bank funding …
Persistent link: https://www.econbiz.de/10013315349
riskier borrowers and towards safer ones in the household sector, making them in general safer but also less profitable. This …
Persistent link: https://www.econbiz.de/10013404671
Recent policy discussion includes the introduction of diversification requirements for sovereign bond portfolios of European banks. In this paper, we evaluate the possible effects of these constraints on risk and diversification in the sovereign bond portfolios of the major European banks....
Persistent link: https://www.econbiz.de/10012838336
We offer a theoretical framework to analyze corporate lending when loan officers must be incentivized to prospect for loans and to transmit the soft information they obtain in that process. We explore how this multi-task agency problem shapes loan officers' compensation, banks' use of soft...
Persistent link: https://www.econbiz.de/10013106196
We study the functioning of secured and unsecured interbank markets in the presence of credit risk. The model generates empirical predictions that are in line with developments during the 2007-2009 financial crises. Interest rates decouple across secured and unsecured markets following an...
Persistent link: https://www.econbiz.de/10013155115
We explore whether the transparency in banks' lending activities enhances the harmonization of credit terms that a bank … Central Bank, which requires repo borrowing banks that pledge their asset-backed securities as collateral to disclose granular … similar interest rate, loan-to-collateral-value ratio and maturity compared to same-purpose loans issued by the same bank in …
Persistent link: https://www.econbiz.de/10012843214
This paper studies the causal effect of gender bias on access to bank credit. We extract an exogenous measure of gender … are more frequently discouraged from applying for bank credit and more likely to rely on informal finance. At the same …
Persistent link: https://www.econbiz.de/10013019627
We use a unique dataset of ratings for euro area corporate loans from commercial banks’ internal rating-based (IRBs) systems and central banks’ in-house credit assessment systems (ICASs) to investigate whether banks’ IRB ratings underestimate the credit risk of their corporate loan...
Persistent link: https://www.econbiz.de/10013217542