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Business as Usual : Bank Net Zero Commitments, Lending, and Engagement
Sastry, Parinitha; Verner, Emil; Marqués Ibáñez, David - National Bureau of Economic Research - 2024
We use administrative credit registry data from Europe to study the impact of voluntary lender net zero commitments. We have two sets of findings. First, we find no evidence of lender divestment. Net zero banks neither reduce credit supply to the sectors they target for decarbonization nor do...
Persistent link: https://www.econbiz.de/10014544681
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Aggregate Lending and Modern Financial Intermediation : Why Bank Balance Sheet Models are Miscalibrated
Buchak, Greg; Matvos, Gregor; Piskorski, Tomasz; Seru, Amit - National Bureau of Economic Research - 2023
Existing macroeconomic models focused on bank balance sheet lending are deficient because they do not account for the modern industrial organization of financial intermediation. Utilizing publicly available micro-level lending data, we investigate two increasingly significant margins of...
Persistent link: https://www.econbiz.de/10014322871
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Quantities and Covered-Interest Parity
Moskowitz, Tobias J.; Ross, Chase P.; Ross, Sharon Y.; … - National Bureau of Economic Research - 2024
Studies of intermediated arbitrage argue that bank balance sheets are an important consideration, yet little evidence exists on banks' positioning in this context. Using confidential supervisory data (covering $25 trillion in daily notional exposures) we examine banks' positions in connection...
Persistent link: https://www.econbiz.de/10014635670
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Bank Lending and Deposit Crunches during the Great Depression
Mitchener, Kris; Richardson, Gary - National Bureau of Economic Research - 2024
Bank distress was a defining feature of the Great Depression in the United States. Most banks, however, weathered the storm and remained in operation throughout the contraction. We show that surviving banks cut lending when depositors withdrew funds en masse during panics. This panic-induced...
Persistent link: https://www.econbiz.de/10015056137
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Is the Decline in the Number of Community Banks Detrimental to Community Economic Development?
Minton, Bernadette A.; Taboada, Alvaro G.; Williamson, Rohan - National Bureau of Economic Research - 2024
their numbers leads to a stronger, more stable banking infrastructure in the small business lending landscape …
Persistent link: https://www.econbiz.de/10014544798
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The Secular Decline of Bank Balance Sheet Lending
Buchak, Greg; Matvos, Gregor; Piskorski, Tomasz; Seru, Amit - National Bureau of Economic Research - 2024
The traditional model of bank-led financial intermediation, where banks issue demandable deposits to savers and make informationally sensitive loans to borrowers, has seen a dramatic decline since 1970s. Instead, private credit is increasingly intermediated through arms-length transactions, such...
Persistent link: https://www.econbiz.de/10014486266
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The Relationship Dilemma : Organizational Culture and the Adoption of Credit Scoring Technology in Indian Banking
Mishra, Prachi - 2019
Credit scoring was introduced in India in 2007. We study the pace of its adoption by new private banks (NPBs) and state-owned or public sector banks (PSBs). NPBs adopt scoring quickly for all borrowers. PSBs adopt scoring quickly for new borrowers but not for existing borrowers. Instrumental...
Persistent link: https://www.econbiz.de/10012479645
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Monetary Tightening and U.S. Bank Fragility in 2023 : Mark-to-Market Losses and Uninsured Depositor Runs?
Jiang, Erica Xuewei; Matvos, Gregor; Piskorski, Tomasz; … - National Bureau of Economic Research - 2023
. The U.S. banking system's market value of assets is $2 trillion lower than suggested by their book value of assets … fragility of the US banking system to uninsured depositor runs …
Persistent link: https://www.econbiz.de/10014247969
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The Deposit Business at Large vs. Small Banks
Avernas, Adrien d'; Eisfeldt, Andrea L.; Huang, Can; … - National Bureau of Economic Research - 2023
pricing is mainly driven by pricing power derived from the large observed degree of concentration in the banking industry …
Persistent link: https://www.econbiz.de/10014436996
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A New Metric for Banking Integration in Europe
Gropp, Reint - 2009
taking place for retail banking. Data on cross-border retail bank flows, cross-border bank mergers and the law of one price … reveal no evidence of integration in retail banking. This paper shows that the previous tests of bank integration are weak in … role of an active market for corporate control and of competition in banking integration. European listed banks …
Persistent link: https://www.econbiz.de/10012463912