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This paper attempts to answer the question whether the threat of systemic risk in banking exists only on a national or …
Persistent link: https://www.econbiz.de/10010298100
This paper attempts to assess the Europe-wide systemic risk in banking. We employ a bivariate GARCH model to estimate … interdependencies amongst the banking business in Europe and hence for the systemic risk potential. We employ several tests to assess … European banking business have become more similar and that the systemic risk potential has increased. …
Persistent link: https://www.econbiz.de/10010298129
Information economics has emerged as the primary theoretical lens for framing financing decisions in firm R&D investment. Successful outcomes of R&D projects are either ex-ante impossible to predict or the information is asymmetrically distributed between inventors and investors. As a result,...
Persistent link: https://www.econbiz.de/10010306611
We investigate the relationship between corporate and country sustainability on the cost of bank loans. We look into 470 loan agreements signed between 2005 and 2012 with borrowers based on 28 different countries across the world and operating in all major industries. Our principal findings...
Persistent link: https://www.econbiz.de/10010435307
adverse lending supply shock. The results contrast with recent evidence on the real effects of finance on firms' investment …
Persistent link: https://www.econbiz.de/10010226536
The banking system is highly interconnected and these connections can be conveniently represented as an interbank … contagion in the banking system and of how banks form connections when faced with the possibility of contagion and systemic risk …
Persistent link: https://www.econbiz.de/10010491738
study of the process of agencification in the energy and banking sector is insightful in the light of these expectations … to a weak agency operating in a relatively centralised policy space. Agencification in banking, by contrast, has led to a …
Persistent link: https://www.econbiz.de/10012223779
finance on firms' investment and employment decisions. …
Persistent link: https://www.econbiz.de/10012061065
The banking system is highly interconnected and these connections can be conveniently represented as an interbank … contagion in the banking system and of how banks form connections when faced with the possibility of contagion and systemic risk …
Persistent link: https://www.econbiz.de/10012061680
We show that banks that are facing relatively high locally non-diversifiable risks in their home region expand more across states than banks that do not face such risks following branching deregulation in the United States during the 1990s and 2000s. Further, our evidence shows that these banks...
Persistent link: https://www.econbiz.de/10012062181