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participate in the interbank market because they have different marginal costs of obtaining funds from the central bank. In the … they need to hold to obtain funds from the central bank. Banks with relatively low marginal costs act as intermediaries … between the central bank and banks with relatively high marginal costs. The necessary positive spread between the interbank …
Persistent link: https://www.econbiz.de/10010316343
Theoretically, bank's loan monitoring activity hinges critically on its capitalisation. To proxy for monitoring … governance of the firm. Exploiting granular bank-firm relationships observed in the syndicated loan market, we document …
Persistent link: https://www.econbiz.de/10011960400
. Using administrative plant and bank data, we test whether APPs impinge on industry dynamics in terms of plant entry and exit …
Persistent link: https://www.econbiz.de/10012649293
banks to collect loans in a nonmonotonic way, a bank may be forced to exceed capital requirements. Moreover, high capital …
Persistent link: https://www.econbiz.de/10010263472
Depositenrefinanzierung der Bank zwar die Finanzierungskosten senkt, jedoch das Unternehmen dazu zwingt, vornehmlich im Heimatland zu …
Persistent link: https://www.econbiz.de/10010269964
The paper discusses the role of the concept of special and differential treatment in the framework of regional trade agreements for the development of a competition regime. After a discussion of the main characteristics and possible shortfalls of those concepts, three case countries are assessed...
Persistent link: https://www.econbiz.de/10010269953
Credit default swaps (CDSs) can create empty creditors who potentially force borrowers into inefficient bankruptcy but also reduce shareholders' incentives to default strategically. We show theoretically and empirically that the presence and the effects of empty creditors on firm outcomes depend...
Persistent link: https://www.econbiz.de/10011867825
Ein wichtiges Instrument des Risikocontrollings stellt die Unterlegung von Risiken mit Eigenkapital- bzw. Liquiditätsreserven dar. Hierfür ist es erforderlich, für alle wesentlichen Einzelrisiken Wahrscheinlichkeitsverteilungen der möglichen Verluste zu bestimmen, auf deren Grundlage die...
Persistent link: https://www.econbiz.de/10010263484
listed Euro area banks from 2007 to 2014. Bank stability is significantly affected by complexity, whereas the direction of … when evaluating the implications of bank complexity. …
Persistent link: https://www.econbiz.de/10011482145
Bankruptcy restructuring procedures are used in most legal systems to decide the fate of businesses facing financial hardship. We study how bargaining failures in such procedures impact the economic performance of participating firms in the context of Croatia, which introduced a 'pre-bankruptcy...
Persistent link: https://www.econbiz.de/10012622367