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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

We investigate the U.S. experience with macroprudential policies by studying the interagency guidance on leveraged lending. We find that the guidance primarily impacted large, closely supervised banks, but only after supervisors issued important clarifications. It also triggered a migration of...

Persistent link: https://www.econbiz.de/10011657569

The effect of bank monitoring on loan repayment

Branzoli, Nicola; Fringuellotti, Fulvia - 2020

Monitoring is one of the main activities explaining the existence of banks, yet empirical evidence about its effect on loan outcomes is scant. Using granular loan-level information from the Italian Credit Register, we build a novel measure of bank monitoring based on banks' requests for...

Persistent link: https://www.econbiz.de/10012224299

Local banks, credit supply, and house prices

Blickle, Kristian - 2018

I study the effects of an increase in the supply of local mortgage credit on local house prices and employment by exploiting a natural experiment from Switzerland. In mid-2008, losses in U.S. security holdings triggered a migration of dissatisfied retail customers from a large, universal bank,...

Persistent link: https://www.econbiz.de/10011943458

Financial frictions, real estate collateral, and small firm activity in Europe

Banerjee, Ryan; Blickle, Kristian - 2018

We observe significant heterogeneity in the correlation between changes in house prices and the growth of small firms across certain countries in Europe. We find that, overall, the correlation is far greater in Southern Europe than in Northern Europe. Using a simple model, we show that this...

Persistent link: https://www.econbiz.de/10011904686

Bank liquidity provision across the firm size distribution

Chodorow-Reich, Gabriel; Darmouni, Olivier; Luck, Stephan; … - 2020

's prediction that small ﬁrms may be unable to access liquidity when large shocks arrive using data on drawdowns in the COVID … large ﬁrms on pre-committed lines of credit. Differences in demand for liquidity cannot fully explain the differences in … and 125 percent of the amount of their PPP funds, suggesting that government-sponsored liquidity can overcome private …

Persistent link: https://www.econbiz.de/10012309187

Organizational complexity and balance sheet management in global banks

Cetorelli, Nicola; Goldberg, Linda S. - 2016

Banks have progressively evolved from being standalone institutions to being subsidiaries of increasingly complex 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...

Persistent link: https://www.econbiz.de/10011446535

Liquidity risk and U.S. bank lending at home and abroad

Correa, Ricardo; Goldberg, Linda S.; Rice, Tara N. - 2014

While the balance sheet structure of U.S. banks influences how they respond to liquidity risks, the mechanisms for the …-sectional differences in response to liquidity risk depend on the banks' shares of core deposit funding. By contrast, differences across … global banks (those with foreign affiliates) are associated with ex ante liquidity management strategies as reflected in …

Persistent link: https://www.econbiz.de/10010404088