Similar Search Results

Shock Absorbers or Transmitters? The Role of Foreign Banks During COVID-19

Sen, Anamika; Yao, Weijia; Yépez, Juan F. - 2022

This paper studies whether bank ownership influenced lending behavior during the COVID-19 shock. It finds that, similar … to previous episodes of financial distress, foreign banks appear to have played a shock-transmitting role, as there was a … COVID-19 shock and the impact of lockdowns on economic activity, foreign banks were found to lend at a higher rate than …

Persistent link: https://www.econbiz.de/10014239345

Sovereign Wealth Funds : Aspects of Governance Structures and Investment Management

Al-Hassan, Abdullah - 2013

This paper presents in a systematic (normative) manner the salient features of a SWF‘s governance structure, in relation to its objectives and investment management that can ensure its efficient operation and enhance its financial performance. In this context, it distinguishes among the...

Persistent link: https://www.econbiz.de/10013071922

Procyclical Behavior of Institutional Investors During the Recent Financial Crisis : Causes, Impacts, and Challenges

Papaioannou, Michael G. - 2013

This paper (i) provides evidence on the procyclical investment behavior of major institutional investors during the global financial crisis; (ii) identifies the main factors that could account for such behavior; (iii) discusses the implications of procyclical behavior; and (iv) proposes a...

Persistent link: https://www.econbiz.de/10013074694

Does Prolonged Monetary Policy Easing Increase Financial Vulnerability?

Cecchetti, Stephen G. - 2017

Using firm-level data for approximately 1,000 bank and nonbank financial institutions in 22 countries over the past 15 years we study the impact of prolonged monetary policy easing on risk-taking behavior. We find that the leverage ratio, as well as other measures of firm-level vulnerability,...

Persistent link: https://www.econbiz.de/10012956487

Fintech in Financial Inclusion : Machine Learning Applications in Assessing Credit Risk

Bazarbash, Majid - 2019

Recent advances in digital technology and big data have allowed FinTech (financial technology)lending to emerge as a potentially promising solution to reduce the cost of credit and increasefinancial inclusion. However, machine learning (ML) methods that lie at the heart of FinTech credithave...

Persistent link: https://www.econbiz.de/10012868469

The Riskiness of Credit Allocation and Financial Stability

Brandao-Marques, Luis - 2019

We explore empirically how the time-varying allocation of credit across firms with heterogeneous credit quality matters for financial stability outcomes. Using firm-level data for 55 countries over 1991-2016, we show that the riskiness of credit allocation, captured by Greenwood and Hanson...

Persistent link: https://www.econbiz.de/10012859862

Corporate Liquidity and Solvency in Europe During COVID-19 : The Role of Policies

Ebeke, Christian; Jovanovic, Nemanja; Valderrama, Laura; … - 2021

The spread of COVID-19, containment measures, and general uncertainty led to a sharp reduction in activity in the first half of 2020. Europe was hit particularly hard—the economic contraction in 2020 is estimated to have been among the largest in the world—with potentially severe...

Persistent link: https://www.econbiz.de/10013226439

Measuring Off-Balance-Sheet Leverage

Breuer, Peter - 2021

The simultaneous unwinding of leveraged positions can trigger financial market turbulence. Although balance-sheet measures of leverage are available, it is useful to construct a measure of leverage that incorporates both on- and off-balance-sheet activities. This paper provides measures of...

Persistent link: https://www.econbiz.de/10013212029

Central Bank Participation in Currency Options Markets

2021

This paper analyzes whether and how central banks can use currency options to lower exchange rate volatility and maintain (implicit) target zones in foreign exchange markets. It argues that selling rather than buying options will result in market makers dynamically hedging their long option...

Persistent link: https://www.econbiz.de/10013212109

Fintech Credit Risk Assessment for SMEs : Evidence from China

Huang, Yiping; Zhang, Longmei; Li, Zhenhua; Qiu, Han; … - 2021

Promoting credit services to small and medium-size enterprises (SMEs) has been a perennial challenge for policy makers globally due to high information costs. Recent fintech developments may be able to mitigate this problem. By leveraging big data or digital footprints on existing platforms,...

Persistent link: https://www.econbiz.de/10013315099

1
2
3
4
5
6
7
8
9
10
Next
Last