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Banks in International Trade Finance : Evidence from the U.S

Niepmann, Friederike - 2013

Banks play a critical role in facilitating international trade, in particular by reducing the risk of trade transactions. This paper uses unique information on the trade finance business of U.S. banks to document new empirical patterns. The data reveal that banks' trade finance claims differ...

Persistent link: https://www.econbiz.de/10013075106

Banking across Borders

Niepmann, Friederike - 2013

Banking across borders has risen substantially over the past two decades. Yet there is significant heterogeneity in the international and global activities of banks across countries. This paper develops and tests a theoretical model that explains this variation from an international trade theory...

Persistent link: https://www.econbiz.de/10013089679

International Banking and Liquidity Risk Transmission : Lessons from Across Countries

Buch, Claudia M. - 2014

Activities of international banks have been at the core of discussions on the causes and effects of the international financial crisis. Yet we know little about the actual magnitudes and mechanisms for transmission of liquidity shocks through international banks, including the reasons for...

Persistent link: https://www.econbiz.de/10013053332

No Guarantees, No Trade : How Banks Affect Export Patterns

Niepmann, Friederike - 2014

This study provides evidence that shocks to the supply of trade finance have a causal effect on U.S. exports. The identification strategy exploits variation in the importance of banks as providers of letters of credit across countries. The larger a U.S. bank's share of the trade finance market...

Persistent link: https://www.econbiz.de/10013061073

The Myth of the Lead Arranger’s Share

Blickle, Kristian - 2020

We make use of Shared National Credit Program (SNC) data to examine syndicated loans in which the lead arranger retains no stake. We find that the lead arranger sells its entire loan share for 27 percent of term loans and 48 percent of Term B loans, typically shortly after syndication. In...

Persistent link: https://www.econbiz.de/10012834837

Looking Beyond the CEO : Executive Compensation at Banks

Demsetz, Rebecca S. - 2006

The literature on executive compensation at banks has proceeded largely under the assumption that a single elasticity can adequately describe the sensitivity of executive pay to firm performance, but theories of performance-based pay and tournament pay suggest that this assumption may be...

Persistent link: https://www.econbiz.de/10012735733

Financial Intermediary Balance Sheet Management

Adrian, Tobias - 2012

Conventional discussions of balance sheet management by nonfinancial firms take the set of positive net present value (NPV) projects as given, which in turn determines the size of the firm's assets. The focus is on the composition of equity and debt in funding such assets. In contrast, the...

Persistent link: https://www.econbiz.de/10013112974

Competition and Adverse Selection in the Small-Dollar Loan Market : Overdraft versus Payday Credit

Melzer, Brian; Morgan, Donald P. - 2010

We find that competition from payday lenders leads depository institutions to raise overdraft fees and reduce the … illuminate competition and pricing frictions in the large, yet largely unstudied, small-dollar loan market …

Persistent link: https://www.econbiz.de/10014204039

Credit Quantity and Credit Quality : Bank Competition and Capital Accumulation

Cetorelli, Nicola - 2009

This paper shows that bank competition has an intrinsically ambiguous effect on capital accumulation and economic … evidence gathered from recent empirical studies of how bank competition affects the real economy. Our results were obtained by … prospective entrepreneur is of low credit quality and where screening would therefore be especially beneficial, less competition …

Persistent link: https://www.econbiz.de/10013159013

Regulation, Subordinated Debt, and Incentive Features of CEO Compensation in the Banking Industry

John, Kose; Qian, Yiming; Mehran, Hamid - 2007

We study CEO compensation in the banking industry by considering banks' unique claim structure in the presence of two types of agency problems: the standard managerial agency problem and the risk-shifting problem between shareholders and debt holders. We empirically test two hypotheses derived...

Persistent link: https://www.econbiz.de/10014222462