Showing 1 - 10 of 176
developing a new methodology to separate firms' credit shocks from loan supply shocks, using a vast sample of matched bank … bank loan supply net of borrower characteristics and general credit conditions - can have large impacts on aggregate loan …
Persistent link: https://www.econbiz.de/10010333636
Credit derivatives are the latest in a series of innovations that have had a significant impact on credit markets …. Using a micro data set of individual corporate loans, this paper explores whether use of credit derivatives is associated … with an increase in bank credit supply. We find evidence that greater use of credit derivatives is associated with greater …
Persistent link: https://www.econbiz.de/10010283448
in the availability of credit. Using data from the nationally representative Surveys of Small Business Finances, which … availability of credit to male- and female-owned firms. More specifically, female-owned firms are significantly more likely to be … credit-constrained because they are more likely to be discouraged from applying for credit, though not more likely to be …
Persistent link: https://www.econbiz.de/10010287094
We study the effects of regulatory oversight by the Consumer Financial Protection Bureau (CFPB) on credit supply as …
Persistent link: https://www.econbiz.de/10012144700
to see how small firms manage their exposure to interest rate risk. Credit-constrained firms are found to match …
Persistent link: https://www.econbiz.de/10010283300
Evidence in this paper suggests that a close banking relationship - a loan commitment in particularparticular, relax cash flow and cash management constraints on firms. Given firms' prospects (Q), the investment and cash flow correlation is substantially lower when firms have a bank loan...
Persistent link: https://www.econbiz.de/10010283478
The post-crisis period has seen a considerable shift in the composition and drivers of international bank lending and international bond issuance, the two main components of global liquidity. The sensitivity of both types of flows to U.S. monetary policy rose substantially in the immediate...
Persistent link: https://www.econbiz.de/10011942764
The Federal Home Loan Bank (FHLB) System is a large, complex, and understudied government-sponsored liquidity facility that currently has more than $1 trillion in secured loans outstanding, mostly to commercial banks and thrifts. In this paper, we document the significant role played by the FHLB...
Persistent link: https://www.econbiz.de/10010283557
Surprisingly little is known about the importance of mortgage payment size for default, as efforts to measure the treatment effect of rate increases or loan modifi cations are confounded by borrower selection. We study a sample of hybrid adjustable-rate mortgages that have experienced large rate...
Persistent link: https://www.econbiz.de/10010333591
consequences has been the set of counterparty credit risk management (CCRM) practices by the core of regulated institutions. The …
Persistent link: https://www.econbiz.de/10010283433