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Multiple-bank lending : diversification and free-riding in monitoring

Carletti, Elena; Cerasi, Vittoria; Daltung, Sonja - 2004

This paper analyzes banks choice between lending to firms individually and sharing lending with other banks, when firms and banks are subject to moral hazard and monitoring is essential. Multiple-bank lending is optimal whenever the benefit of greater diversification in terms of higher...

Persistent link: https://www.econbiz.de/10011584789

Fed QE and bank lending behaviour : a heterogeneity analysis of asset purchases

Grimaldi, Marianna; Kapoor, Supriya - 2023

dependent on banks' solvency and liquidity exposures. Our results highlight that it is necessary to take heterogeneity of …

Persistent link: https://www.econbiz.de/10014393221

A detrimental feedback loop : deleveraging and adverse selection

Bertsch, Christoph - 2013

' long-term leverage choices and an "interim" inefficiency because it distorts agents' short-term liquidity management. I …

Persistent link: https://www.econbiz.de/10010202960

Predictors of bank distress : the 1907 crisis in Sweden

Grodecka-Messi, Anna; Kenny, Sean; Ögren, Anders - 2018

This paper contributes to literature on bank distress using the Swedish experience of the international crisis of 1907, often paralleled with 2008. By employing previously unanalyzed bank-level data, we use logit regressions and principal component analysis to measure the impact of pre-crisis...

Persistent link: https://www.econbiz.de/10011930298

Do credit lines provide reliable liquidity insurance? : evidence from commercial-paper backup lines

Amberg, Niklas - 2023

have despite this received scant attention in the credit-line literature. In this paper, I study the liquidity … commercial-paper market during the COVID-19 pandemic as an exogenous shock to the supply of market-provided liquidity. I find … that backup lines provide commercial-paper issuers with reliable liquidity insurance and that banks' liquidity provision …

Persistent link: https://www.econbiz.de/10014301414

Big broad banks : how does cross-selling affect lending?

Qi, Yingjie - 2020

Using unique micro-data that contain the internal information on all corporate customers of a large Nordic bank, I show that combining loan and non-loan products (cross-selling) has two benefits. First, it increases credit supply, especially in recessions. Second, it increases the likelihood of...

Persistent link: https://www.econbiz.de/10012161489