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The role of commercial real estate investments in the banking crisis of 1985-92
Cole, Rebel A.; Fenn, George W. - Volkswirtschaftliche Fakultät, … - 1996
period during which more than 1,300 banks failed. Bank failures are fundamentally important because of the unique role played … during this period. First, commercial real estate was only a factor in the bank failures of 1988-92. Second, construction … loans played a much larger role in bank failures than permanent loans, and the relationship is strongest with construction …
Persistent link: https://www.econbiz.de/10008615013
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Recovery Rates and Macroeconomic Conditions: The Role of Loan Covenants
Zhang, Zhipeng - Volkswirtschaftliche Fakultät, … - 2009
recovery rates on lagged macroeconomic conditions. That is, bank loan contracts established in economic recessions have tight …
Persistent link: https://www.econbiz.de/10008565429
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Depression as a Nash Equilibrium Consisting of Strategies of Choosing a Pareto Inefficient Transition Path
Harashima, Taiji - Volkswirtschaftliche Fakultät, … - 2009
This paper shows that a Nash equilibrium consisting of strategies of choosing a Pareto inefficient transition path is selected by households even without frictions as a result of the revealed government failure in supervision of financial markets. The Pareto inefficiency causes the generation of...
Persistent link: https://www.econbiz.de/10008533689
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Cross Country Linkages as Determinants of Procyclicality of Loan Loss Provisions – Empirical Importance of SURE Specification
Olszak, Małgorzata; Pipień, Mateusz - Volkswirtschaftliche Fakultät, … - 2013
Procyclicality in banking may result in financial instability and therefore be destructive to economic growth. The sensitivity of different banking balance sheet and income statement variables to the business cycle is diversified and may be prone to increasing integration of financial markets....
Persistent link: https://www.econbiz.de/10011259964
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Bank procyclicality and output: Issues and policies
Athanasoglou, Panayiotis; Ioannis, Daniilidis; Manthos, … - Volkswirtschaftliche Fakultät, … - 2013
The recent global financial crisis has highlighted the importance of the procyclicality of the financial sector. The procyclicality has transformed banks from mitigation mechanisms to amplifiers of changes in economic activity, potentially affecting financial stability and economic growth. The...
Persistent link: https://www.econbiz.de/10011112023
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Úvěry v selhání a makroekonomika: Modelování systémového kreditního rizika v České republice
Melecky, Ales; Melecky, Martin; Sulganova, Monika - Volkswirtschaftliche Fakultät, … - 2014
Agregátní úvěry v selhání jsou úvěry bankovního sektoru se zpožděnými splátkami. Tento článek zkoumá, jak agregátní úvěry v selhání, jakožto indikátor agregátního kreditního rizika, reagují na makroekonomický vývoj v České republice v letech 1993-2014. Naše...
Persistent link: https://www.econbiz.de/10011114162
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The evil force of borrowing and the weakness of Quantitative Easing
De Koning, Kees - Volkswirtschaftliche Fakultät, … - 2015
The U.S. housing market crash in 2007-2008 was not caused overnight by an over-supply of new homes that could not be sold. It was caused by the new money flows into mortgages ever since 1998. What changed in 1998 was that mortgage funds were not only used for building new homes at a price in...
Persistent link: https://www.econbiz.de/10011163523
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Banking business models and the nature of financial crises
Hryckiewicz, Aneta; Kozlowski, Lukasz - Volkswirtschaftliche Fakultät, … - 2014
different combinations of bank asset and funding sources and assess their impact on the mortgage crisis. We then estimate how … distinct strategies have affected bank profitability and risk before the crisis, and what impact they have put on the mortgage …
Persistent link: https://www.econbiz.de/10011272695
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Modeling risk in a dynamically changing world: from association to causation
Sokolov, Yuri - Volkswirtschaftliche Fakultät, … - 2012
The current crisis causes numerous economic uncertainties, such as a break-up of the European currency union, and a Greek exit from the euro area to boost the competitiveness by means of devaluation of national currency. When a factor such as exchange rate is expected to have a significant...
Persistent link: https://www.econbiz.de/10011259234
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Interaction between market and credit risk: Focus on the endogeneity of aggregate risk
Sokolov, Yuri - Volkswirtschaftliche Fakultät, … - 2009
As shown in the recent BCBS papers market and credit risks could reinforce each other in certain circumstances, meaning the sum of the parts might be less than an estimate of risk that takes into account the interactions between the two. Market risk factors have an ambiguous impact on the firms'...
Persistent link: https://www.econbiz.de/10008549606