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Banks carry significant exposures to nonbanks from direct dealings, but they can also be exposed, indirectly, through losses in asset values resulting from fire-sale events. We assess the vulnerability of U.S. banks to fire sales potentially originating from any of twelve separate nonbank...
Persistent link: https://www.econbiz.de/10014233003
Using a synthetic control research design, we find that "living will" regulation increases a bank's annual cost of …
Persistent link: https://www.econbiz.de/10011868550
-market banks does not by itself provide sufficient basis for identifying the degree of shock transmission from abroad. -- Bank …
Persistent link: https://www.econbiz.de/10003864584
Loan funds are open-end mutual funds holding predominantly corporate leveraged loans. We document empirically that loan funds are significantly more susceptible to run risk than any other category of debt funds, including corporate bond funds. Most importantly, we establish a link between loan...
Persistent link: https://www.econbiz.de/10013162106
This paper shows that bank competition has an intrinsically ambiguous effect on capital accumulation and economic … evidence gathered from recent empirical studies of how bank competition affects the real economy. Our results were obtained by … leads to higher capital accumulation. The opposite is true when entrepreneurs are innately of higher credit quality. -- Bank …
Persistent link: https://www.econbiz.de/10003864581
. The complex bank holding companies of today are the best example of hybrid intermediaries, but I argue that financial … become significant intermediaries and that turned into bank holding companies post-Lehman are, from an organizational …
Persistent link: https://www.econbiz.de/10010459737
likewise increases in strength. -- Lending channel ; bank ; global ; liquidity ; transmission ; internal capital markets …
Persistent link: https://www.econbiz.de/10003781564
financial conglomerates. We conjecture and provide evidence that the organizational complexity of the family of a bank is a … fundamental driver of the business model of the bank itself, as reflected in the management of the bank's own balance sheet. Using … change the scale of the lending channel for a large global bank by more than 30 percent. …
Persistent link: https://www.econbiz.de/10011446535
inherently fragile. Shadow banking activities are often intertwined with core regulated institutions such as bank holding …
Persistent link: https://www.econbiz.de/10010201287
lendingchannel effects on emerging markets of shocks to head-office balance sheets. -- Bank ; global ; liquidity ; transmission …
Persistent link: https://www.econbiz.de/10008657295