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Banks and Markets : The Changing Character of European Finance
Zingales, Luigi - 2010
this trend will continue. Based on our analysis, we conjecture that even if Europe might benefit from a continuation of the …, the trend is likely to benefit Southern Europe less than Northern Europe …
Persistent link: https://www.econbiz.de/10012762834
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The Transmission of Shocks in Endogenous Financial Networks : A Structural Approach
Heipertz, Jonas - 2019
The paper uses bank- and instrument-level data on asset holdings and liabilities to identify and estimate a general … equilibrium model of trade in financial instruments. Bilateral ties are formed as each bank selects the size and the … lead to less amplification of partial equilibrium shocks, (ii) the influence of a bank's equity is independent of the size …
Persistent link: https://www.econbiz.de/10012867035
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Banks, Market Organization, and Macroeconomic Performance : An Agent-Based Computational Analysis
Ashraf, Quamrul H. - 2011
how they are resolved. Our analysis sheds new light on the conflict between micro-prudential bank regulation and …
Persistent link: https://www.econbiz.de/10013124233
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The Evolving Importance of Banks and Securities Markets
Demirgüç-Kunt, Asli - 2012
the size of the economy, (2) the association between an increase in economic output and an increase in bank development …
Persistent link: https://www.econbiz.de/10013107516
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Sizing Up Repo
Krishnamurthy, Arvind - 2012
, raising credit terms to their borrowers. The picture that emerges from these findings looks less like a traditional bank run …
Persistent link: https://www.econbiz.de/10013112165
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Yesterday's Heroes : Compensation and Creative Risk-Taking
Cheng, Ing-Haw - 2013
We study the relationship between compensation and risk-taking among finance firms using a neglected insight from principal-agent contracting with hidden action and risk-averse agents. If the sensitivity of pay to stock price or slope does not vary with stock price volatility, then total...
Persistent link: https://www.econbiz.de/10013094549
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Land and Credit : A Study of the Political Economy of Banking in the United States in the Early 20th Century
Rajan, Raghuram G. - 2010
We thank Lakshmi Aiyar, Shawn Cole, Stijn Claessens, Oded Galor, Adair Morse, Mark Rosenzweig, Jeremy Stein, as well as participants in seminars at the IMF, the NBER Political Economy, Corporate Finance, and Growth Workshops, M.I.T., Northwestern University, the University of Chicago, the WFA...
Persistent link: https://www.econbiz.de/10013152442
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Complexity and Financial Panics
Caballero, Ricardo J. - 2010
During extreme financial crises, all of a sudden, the financial world that was once rife with profit opportunities for financial institutions (banks, for short) becomes exceedingly complex. Confusion and uncertainty follow, ravaging financial markets and triggering massive flight-to-quality...
Persistent link: https://www.econbiz.de/10013152670
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Financial Development and City Growth : Evidence from Northeastern American Cities, 1790-1870
Bodenhorn, Howard - 2010
urban growth. Our estimates suggest that the presence of a bank at a given location in the late 1830s is associated with …
Persistent link: https://www.econbiz.de/10013143454
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Balance Sheet Adjustments in the 2008 Crisis
He, Zhiguo - 2010
We measure how securitized assets, including mortgage-backed securities and other asset-backed securities, have shifted across financial institutions over this crisis and how the availability of financing has accommodated such shifts. Sectors dependent on repo financing - in particular, the...
Persistent link: https://www.econbiz.de/10013144301