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Can banks trade credit default swaps (CDSs) referenced on their current corporate clients at competitive prices, or are …
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We develop a new theory of information production during credit booms. In our model, entrepreneurs need credit to … important dynamic implications. During credit booms driven by high collateral values (e.g. real estate booms), the economy …
Persistent link: https://www.econbiz.de/10011997468
We study the composition of bank loan portfolios during the transition of the real sec-tor to a knowledge economy where firms increasingly use intangible capital. Exploiting heterogeneity in bank exposure to the compositional shift from tangible to intangible capital, we show that exposed banks...
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effect of the reforms on overall credit supply, while at the same time documenting a substantial decline in borrower- and …
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find that: bond finance dampens the overall response of firm credit to monetary policy shocks in economies with a high …
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' assessments of firms' credit quality and economic worth loans to U.S. firms over the period of 1980-2003. We find that investors …
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borrower characteristics as well as internal and external credit scores. Our results suggest that relationships of all kinds …
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