Showing 1 - 10 of 1,149
-Shwari in Kenya. While 34% of those eligible for a loan take it, the loan does not substitute for other credit. The loans …
Persistent link: https://www.econbiz.de/10012479557
, altering incentives to conserve natural resources. Using longitudinal data from household surveys in western Kenya, we estimate …
Persistent link: https://www.econbiz.de/10012462063
single-name counterparty exposure risk in bank portfolios by applying a new empirical approach on an administrative matched … bank-firm dataset from Norway. Exploiting the fat tail properties of the loan share distribution we use a Gabaix and Koijen …
Persistent link: https://www.econbiz.de/10012482214
We study a competitive credit market in which lenders with partial knowledge of loan repayment use one of three decision criteria - maximization of expected utility, maximin, or minimax regret - to make lending decisions. Lenders allocate endowments between loans and a safe asset, while...
Persistent link: https://www.econbiz.de/10012464269
sectors because of default risk. An adverse domestic shock increases the likelihood of default, limits capital inflows, and …
Persistent link: https://www.econbiz.de/10012453876
A growing literature shows that credit indicators forecast aggregate real outcomes. While researchers have proposed various explanations, the economic mechanism behind these results remains an open question. In this paper, we show that a simple, frictionless, model explains empirical findings...
Persistent link: https://www.econbiz.de/10012454978
We study the nature of systemic sovereign credit risk using CDS spreads for the U.S. Treasury, individual U.S. states, and major European countries. Using a multifactor affine framework that allows for both systemic and sovereign-specific credit shocks, we find that there is considerable...
Persistent link: https://www.econbiz.de/10012461675
We study the corporate-loan pricing decisions of a major Greek bank during the Greek financial crisis. A unique aspect … of our dataset is that we observe both the interest rate and the "breakeven rate" of each loan, as computed by the bank …
Persistent link: https://www.econbiz.de/10013172149
. Finally, for Europe we assess the relative importance of cross-border bank spillovers as compared to domestic bank spillovers …
Persistent link: https://www.econbiz.de/10012466974
This paper examines the use of credit derivatives by US bank holding companies from 1999 to 2003 with assets in excess … of one billion dollars. Using the Federal Reserve Bank of Chicago Bank Holding Company Database, we find that in 2003 … represent on average two thirds of the assets of bank holding companies with assets in excess of $1 billion. Few banks are net …
Persistent link: https://www.econbiz.de/10012467099