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What drives credit risk? : empirical evidence from Southeast Europe
Nikola, Fabris; Vujanović, Nina - 2022
Bank stability is an important aspect of financial stability, especially in bank-centric systems such as those in Southeast Europe. The financial crisis has shown that there is a particular need to monitor credit and other similar risks. Hence, it is important to analyse risks affecting the...
Persistent link: https://www.econbiz.de/10013197452
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Recessions, the energy mix and environmental policy
Deb, Pragyan; Furceri, Davide; Ostry, Jonathan David; … - 2023
How do severe recessions, such as those brought about by the Global Financial Crisis or the COVID-19 pandemic, affect … the composition of energy generation between green and dirty sources? Does creative destruction during recessions result … in a sustained greening of the energy mix? The empirical analysis presented in this paper highlights that recessions and …
Persistent link: https://www.econbiz.de/10014466810
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On corporate borrowing, credit spreads and economic activity in emerging economies : an empirical investigation
Caballero, Julián; Fernández, Andrés; Park, Jongho - 2016
This paper studies the influence of external financial factors on economic activity in emerging economies (EMEs) motivated by a considerable increase in foreign financing by the corporate sector in EMEs since the early 2000s, mainly in the form of bond issuance. A quarterly external financial...
Persistent link: https://www.econbiz.de/10011519092
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Do recessions occur concurrently across countries? : a multinomial logistic approach
Poon, Aubrey; Zhu, Dan - 2022
We develop a novel multinomial logistic model to detect and forecast concurrent recessions across multi-countries. The … key advantage of our proposed framework is that we can detect recessions across countries using the additional …
Persistent link: https://www.econbiz.de/10013365832
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On the real effects of bank bailouts : micro-evidence from Japan
Giannetti, Mariassunta; Simonov, Andrei - 2009
Exploiting the Japanese banking crisis as a laboratory, we provide firm-level evidence on the real effects of bank bailouts. Government recapitalizations result in positive abnormal returns for the clients of recapitalized banks. After recapitalizations, banks extend larger loans to their...
Persistent link: https://www.econbiz.de/10008824507
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A new capital regulation for large financial institutions
Hart, Oliver D.; Zingales, Luigi - 2009
We design a new, implementable capital requirement for large financial institutions (LFIs) that are too big to fail. Our mechanism mimics the operation of margin accounts. To ensure that LFIs do not default on either their deposits or their derivative contracts, we require that they maintain an...
Persistent link: https://www.econbiz.de/10008840030
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Resilience and fragility in global banking : impacts on emerging economies
Conesa, Marina; Lotti, Giulia; Powell, Andrew - 2020
Theory suggests both resilience and fragility in banking networks. This paper finds both, exploiting a new database of cross-border syndicated lending to developing countries from 1993 to 2017. Shocks propagate via co-lenders driven by central players, but shocks impacting fringe banks have...
Persistent link: https://www.econbiz.de/10012256480
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Bank panics and scale economies
Andolfatto, David; Nosal, Ed - 2017
A bank panic is an expectation-driven redemption event that results in a self-fulfilling prophecy of losses on demand deposits. From the standpoint of theory in the tradition of Diamond and Dybvig (1983) and Green and Lin (2003), it is surprisingly di¢ cult to generate bank panic equilibria if...
Persistent link: https://www.econbiz.de/10011691431
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Can asset reconstruction companies (ARCs) be part solution to the Indian debt problem?
Bhagwati, Jaimini; Khan, M. Shuheb; Bogathi, … - 2017
The Indian debt overhang issue is one of the major reasons that fresh investments are currently not being made in the scale required to promote higher growth and boost employment. Among banks the public sector banks (PSBs) are burdened with the bulk of net non-performing loans (NNPAs). These...
Persistent link: https://www.econbiz.de/10011638458
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Mortgages and monetary policy
Garriga, Carlos; Kydland, Finn E.; Šustek, Roman - 2015
Mortgages are prime examples of long-term nominal loans. As a result, under incomplete asset markets, monetary policy can affect household decisions through the cost of new mortgage borrowing and the value of payments on outstanding debt. These channels are distinct from the transmission through...
Persistent link: https://www.econbiz.de/10011306278