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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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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
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Behavioral Public Economics : Welfare and Policy Analysis with Non-Standard Decision-Makers
Bernheim, B. Douglas - 2005
This paper has two goals. First, we discuss several emerging approaches to applied welfare analysis under non-standard ("behavioral") assumptions concerning consumer choice. This provides a foundation for Behavioral Public Economics. Second, we illustrate applications of these approaches by...
Persistent link: https://www.econbiz.de/10012467161
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Who Holds Sovereign Debt and Why It Matters
Fang, Xiang; Hardy, Bryan; Lewis, Karen K. - National Bureau of Economic Research - 2022
This paper studies the impact of investor composition on the sovereign debt market and the implied funding costs to borrowers. We construct an aggregate data set of sovereign debt holdings by foreign and domestic bank, non-bank private, and official investors for 95 countries over twenty years....
Persistent link: https://www.econbiz.de/10013210115
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Is Investor Rationality Time Varying? Evidence from the Mutual Fund Industry
Glode, Vincent - 2009
We provide new empirical evidence suggesting that the marginal investor in mutual funds behaves differently across market conditions. If the marginal investor allocates capital across mutual funds rationally, then the relative performance of funds should be unpredictable. We find however that...
Persistent link: https://www.econbiz.de/10012463611
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Shadow Banking and the Four Pillars of Traditional Financial Intermediation
Farhi, Emmanuel - 2017
Traditional banking is built on four pillars: SME lending, access to public liquidity, deposit insurance, and …. Ring fencing between regulated and shadow banking and the sharing of liquidity in centralized platforms are motivated by …
Persistent link: https://www.econbiz.de/10012453784
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Uninformative Feedback and Risk Taking : Evidence from Retail Forex Trading
Ben-David, Itzhak - 2016
We document evidence consistent with retail day traders in the Forex market attributing random success to their own skill and, as a consequence, increasing risk taking. Although past performance does not predict future success for these traders, traders increase trade sizes, trade size...
Persistent link: https://www.econbiz.de/10012456529
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Retail Financial Advice : Does One Size Fit All?
Foerster, Stephen - 2014
Using unique data on Canadian households, we assess the impact of financial advisors on their clients' portfolios. We find that advisors induce their clients to take more risk, thereby raising expected returns. On the other hand, we find limited evidence of customization: advisors direct clients...
Persistent link: https://www.econbiz.de/10012457954
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Can Emerging Market Bank Regulators Establish Credible Discipline? The Case of Argentina, 1992-1999
Calomiris, Charles W. - 2000
banking system during the liberalization process. Argentina suffered some fallout from the Mexican tequila crisis of 1995, but … discipline after the crisis made Argentina's banking system quite resilient during the Asian, Russian, and Brazilian crises …
Persistent link: https://www.econbiz.de/10012471046
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Foreign and Domestic Bank Participation in Emerging Markets : Lessons from Mexico and Argentina
Goldberg, Linda - 2000
The Asian Crisis has highlighted the importance of strong domestic financial systems in overall economic development and stabilization. Less agreement is evident on the role of foreign banks in achieving this goal. We explore this issue by studying bank-specific data on lending by domestically-...
Persistent link: https://www.econbiz.de/10012471047