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The effect of bank supervision on risk taking : evidence from a natural experiment
Kandrac, John; Schlusche, Bernd - 2017
In this paper, we exploit a natural experiment in which thrifts in several states witnessed an exogenous reduction in supervisory attention to assess the effect of supervision on financial institutions' willingness to take risk. We show that the affected institutions took on much more risk than...
Persistent link: https://www.econbiz.de/10011710132
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The Credit Card Act and consumer finance company lending
Elliehausen, Gregory E.; Hannon, Simona M. - 2017
consistent with the hypothesis that the act's restrictions on risk management practices contributed to a large decline in bank …
Persistent link: https://www.econbiz.de/10011710086
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Understanding bank and nonbank credit cycles : a structural exploration
Durdu, Ceyhun Bora; Zhong, Molin - 2019
We explore the structural drivers of bank and nonbank credit cycles using an estimated medium-scale macro model that … allows for bank and nonbank financial intermediation. We posit economy-wide aggregate and sectoral disturbances to … potentially drive bank and nonbank credit growth. We find that sectoral shocks affecting the balance sheets of entrepreneurs who …
Persistent link: https://www.econbiz.de/10012181042
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The effect of banks' financial position on credit growth : evidence from OECD countries
Rappoport, David E. - 2016
This paper presents empirical evidence on the effect of banks' financial position on credit growth using a sample of 29 OECD countries. The failure of the exogeneity assumption of explanatory variables is addressed using dynamic panel type instruments. The empirical results show that among...
Persistent link: https://www.econbiz.de/10011579142
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Policy uncertainty and bank mortgage credit
Kara, Gazi I.; Yook, Youngsuk - 2019
We document that banks reduce supply of jumbo mortgage loans when policy uncertainty increases as measured by the timing of US gubernatorial elections in banks' headquarter states. The reduction is larger for more uncertain elections. We utilize high-frequency, geographically granular loan data...
Persistent link: https://www.econbiz.de/10012182102
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Why are banks not recapitalized during crises?
Crosignani, Matteo - 2017
, in the context of the eurozone periphery, the increase in domestic government bond holdings, the reduction of bank credit …
Persistent link: https://www.econbiz.de/10011710170
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The rise of shadow banking : evidence from capital regulation
Irani, Rustom M.; Iyer, Rajkamal; Meisenzahl, Ralf R.; … - 2018
We investigate the connections between bank capital regulation and the prevalence of lightly regulated nonbanks (shadow …
Persistent link: https://www.econbiz.de/10011932226
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Financing affordable and sustainable homeownership with fixed-COFI mortgages
Passmore, Stuart Wayne; Hafften, Alexander H. von - 2018 - Current draft 1/9/2018
The 30-year fixed-rate fully amortizing mortgage (or "traditional fixed-rate mortgage") was a substantial innovation when first developed during the Great Depression. However, it has three major flaws. First, because homeowner equity accumulates slowly during the first decade, homeowners are...
Persistent link: https://www.econbiz.de/10011803801
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The costs and benefits of liquidity regulations : lessons from an idle monetary policy tool
Curfman, Christopher J.; Kandrac, John - 2019
We investigate how liquidity regulations affect banks by examining a dormant monetary policy tool that functions as a liquidity regulation. Our identification strategy uses a regression kink design that relies on the variation in a marginal high-quality liquid asset (HQLA) requirement around an...
Persistent link: https://www.econbiz.de/10012181216
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Half-full or half-empty? : financial institutions, CDS use, and corporate credit risk
Caglio, Cecilia; Darst, R. Matthew; Parolin, Eric - 2018 - Current version: January 31, 2018
We construct a novel U.S. data set that matches bank holding company credit default swap (CDS) positions to detailed U …
Persistent link: https://www.econbiz.de/10011932424