Showing 1 - 10 of 94
This paper studies the relationship between the business cycle and financial intermediation in the euro area. We establish stylized facts and study their stability during the global financial crisis and the European sovereign debt crisis. Long-term interest rates have been exceptionally high and...
Persistent link: https://www.econbiz.de/10012000041
While both size and complexity are important for the largest U.S. bank holding companies (BHCs), specific types of … complex has declined. Favorable tax treatment locations still attract a significant share of the foreign bank and nonbank …
Persistent link: https://www.econbiz.de/10011975489
Persistent link: https://www.econbiz.de/10003336151
We address two questions: (i) Are bank capital structure and value correlated in the cross section, and if so, how? (ii …) If bank capital does affect bank value, how are the components of bank value affected by capital? We first develop a … dynamic model with a dissipative cost of bank capital that is traded off against the benefits of capital: strengthened …
Persistent link: https://www.econbiz.de/10003947552
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firm incentives in a post-reform financial system. -- Financial regulatory reform ; corporate governance ; bank charter … ; bank insolvency …
Persistent link: https://www.econbiz.de/10008657240
regarding the use of letters of credit and similar bank guarantees. The analysis shows that the volume of banks’ trade finance …
Persistent link: https://www.econbiz.de/10010201328
While the balance sheet structure of U.S. banks influences how they respond to liquidity risks, the mechanisms for the effects on and consequences for lending vary widely across banks. We demonstrate fundamental differences across banks without foreign affiliates versus those with foreign...
Persistent link: https://www.econbiz.de/10010404088
We study market reactions to seasoned equity issuances that were announced by financial companies between 2002 and 2013. To assess the risk and valuation implications of these seasoned equity issuances, we conduct an event analysis using daily credit default swap (CDS) and stock market pricing...
Persistent link: https://www.econbiz.de/10010423809
unsolicited deposit shocks resulting from unconventional energy development and estimate bank allocations of these deposits. In …
Persistent link: https://www.econbiz.de/10010412134