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Macroprudential policy and the revolving door of risk : lessons from leveraged lending guidance
Kim, Sooji; Plosser, Matthew C.; Santos, João A. C. - 2017
more lax lending policies than banks, we unveil important evidence that nonbanks increased bank borrowing following the …
Persistent link: https://www.econbiz.de/10011657569
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Credit risk transfer and de facto GSE reform
Finkelstein, David L.; Strzodka, Andreas; Vickery, James - 2018
We summarize and evaluate Fannie Mae and Freddie Mac's credit risk transfer (CRT) programs, which have been used since 2013 to shift a portion of credit risk on more than $1.8 trillion of mortgages to private sector investors. We argue that the CRT programs have been successful in reducing the...
Persistent link: https://www.econbiz.de/10011806244
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Sovereign risk and bank risk-taking
Ari, Anil - 2015
Persistent link: https://www.econbiz.de/10011293364
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Judicial efficiency and lending quality
D'Apice, Vincenzo; Fiordelisi, Franco; Puopolo, Giovanni W. - 2020
Persistent link: https://www.econbiz.de/10012503284
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How do laws and institutions affect recovery rates on collateral?
Degryse, Hans; Ioannidou, Vasso; Liberti, José María; … - 2018
loans for a single global bank, we estimate within-borrower effects of enforcement law on expected recovery rates. We show … lower expected recovery rates that are more vulnerable to enforcement. Further, the bank compensates for lower expected …
Persistent link: https://www.econbiz.de/10011960089
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The start-up decision under default risk
Comincioli, Nicola; Panteghini, Paolo; Vergalli, Sergio - 2021
This study introduces a real option model to investigate how fiscal policy affects a representative firm's investment decision and to measure its welfare effects. On the one hand, the effects of financial instability on the optimal investment timing and on the probability of default are studied....
Persistent link: https://www.econbiz.de/10012654165
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Business tax policy under default risk
Comincioli, Nicola; Vergalli, Sergio; Panteghini, Paolo - 2019
In this article we use a stochastic model with one representative firm to study business tax policy under default risk. We will show that, for a given tax rate, the government has an incentive to reduce (increase) financial instability and default costs if its objective function is welfare (tax...
Persistent link: https://www.econbiz.de/10012006573
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Impact of legislation on credit risk : how different are the UK and Germany?
Schmieder, Christian; Schmieder, Philipp; Kraemer-Eis, … - 2010
corporate bank debt based on a cross-country study for the United Kingdom (U.K.) and Germany.1 To this end, implied credit risk …
Persistent link: https://www.econbiz.de/10011862434
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Credit risk model of the example of the commercial Banks of the Kyrgyz Republic
Ishmahametov, Namazbai Kumarbaevich (ed.);  … - 2016
Persistent link: https://www.econbiz.de/10012019406
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The effect of bank monitoring on loan repayment
Branzoli, Nicola; Fringuellotti, Fulvia - 2020
bank monitoring based on banks' requests for information on their existing borrowers and we investigate the effect of bank … exogenous variation in bank monitoring. Our identification strategy is supported by a theoretical model predicting that a … decrease in the tax rate improves bank incentives to monitor borrowers by increasing returns from lending. We find that bank …
Persistent link: https://www.econbiz.de/10012224299