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Lending standards, productivity and credit crunches
Swarbrick, Jonathan M. - 2019
fluctuations, in line with prominent roles played by the credit crunch and collapse of the asset-backed security market in the … riskiness of borrowers. By using loan approval probability as a screening device, banks ration credit following financial …
Persistent link: https://www.econbiz.de/10012034334
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A model of tiered settlement networks
Chapman, James (contributor); Chiu, Jonathan (contributor);  … - 2008
-tier network and the availability of public credit history. Furthermore, the welfare effects of clearing agent failure can be …
Persistent link: https://www.econbiz.de/10003711684
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Banks' financial distress, lending supply and consumption expenditure
Damar, H. Evren; Gropp, Reint; Mordel, Adi - 2014
-level data in order to estimate the effects of bank financial distress on consumer credit and consumption expenditures …-mortgage liabilities compared to a matched sample of households. The reduced access to credit, however, does not result in lower levels of …, where even temporary adverse credit supply shocks are associated with significant real effects. …
Persistent link: https://www.econbiz.de/10010238950
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Timing of banks' loan loss provisioning during the crisis
Haan, Leo de; Oordt, Maarten R. C. van - 2016
We estimate a panel error correction model for loan loss provisions, using unique supervisory data on flow of funds into and out of the allowance for loan losses of 25 Dutch banks in the post-2008 crisis period. We find that these banks aim for an allowance of 49% of impaired loans. In the short...
Persistent link: https://www.econbiz.de/10011482462
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International banking and cross-border effects of regulation : lessons from Canada
Damar, H. Evren; Mordel, Adi - 2016
We study how changes in prudential requirements affect cross-border lending of Canadian banks by utilizing an index that aggregates adjustments in key regulatory instruments across jurisdictions. We show that when a destination country tightens local prudential measures, Canadian banks lend more...
Persistent link: https://www.econbiz.de/10011517068
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Democratic political economy of financial regulation
Livshits, Igor; Park, Youngmin - 2021 - Last updated: November 26, 2021
This paper offers a simple theory of inefficiently lax financial regulation arising as an outcome of a democratic political process. Lax financial regulation encourages some banks to issue risky residential mortgages. In the event of an adverse aggregate housing shock, these banks fail. When...
Persistent link: https://www.econbiz.de/10012670328
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Loan insurance, market liquidity, and lending standards
Ahnert, Toni; Kuncl, Martin - 2019
We examine insurance against loan default when lenders can screen in primary markets at a heterogeneous cost and learn loan quality over time. In equilibrium, low-cost lenders screen loans, but some high-cost lenders insure them. Insured loans are risk-free and liquid in a secondary market,...
Persistent link: https://www.econbiz.de/10012132340
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Unregulated lending, mortgage regulations and monetary policy
Emenogu, Ugochi; Peterson, Brian - 2022 - Last updated: June 27, 2022
Macroprudential policies are often aimed at the traditional banking sector while nondepository financial institutions or shadow banks have limited or no prudential regulations. This paper studies the macroeconomic impact of household-side macroprudential tightening in the presence of unregulated...
Persistent link: https://www.econbiz.de/10013264902
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Funding advantage and market discipline in the Canadian banking sector
Beyhaghi, Mehdi; D'Souza, Chris; Roberts, Gordon S. - 2013
We employ a comprehensive data set and a variety of methods to provide evidence on the magnitude of large banks' funding advantage in Canada, and on the extent to which market discipline exists across different securities issued by the Canadian banks. The banking sector in Canada provides a...
Persistent link: https://www.econbiz.de/10010225470
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Quantifying contagion risk in funding markets : a model-based stress-testing approach
Anand, Kartik; Gauthier, Céline; Souissi, Moez - 2015
We propose a tractable, model-based stress-testing framework where the solvency risks, funding liquidity risks and market risks of banks are intertwined. We highlight how coordination failure between a bank's creditors and adverse selection in the secondary market for the bank's assets interact,...
Persistent link: https://www.econbiz.de/10011304764