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Entrepreneurial finance with equity-for-guarantee swap and idiosyncratic risk

Wang, Huamao; Yang, Zhaojun; Zhang, Hai - In: European journal of operational research : EJOR 241 (2015) 3, pp. 863-871

Persistent link: https://www.econbiz.de/10010487491

External financing and economic activity in the euro area : why are bank loans special?

Aldasoro, Iñaki; Unger, Robert - 2017

Using a Bayesian vector autoregression (BVAR) identified with a mix of sign and zero restrictions, we show that a restrictive bank loan supply shock has a strong and persistent negative impact on real GDP and the GDP deflator. This result comes about even though flows of other sources of...

Persistent link: https://www.econbiz.de/10011632175

Liquidity and leverage

Adrian, Tobias (contributor); Shin, Hyun Song (contributor) - 2008

In a financial system in which balance sheets are continuously marked to market, asset price changes appear immediately as changes in net worth, eliciting responses from financial intermediaries who adjust the size of their balance sheets. We document evidence that marked-to-market leverage is...

Persistent link: https://www.econbiz.de/10003781549

Structured Finance : Complexity, Risk and the Use of Rating

Fender, Ingo - 2013

This article reviews the principal features of structured finance instruments. Key to understanding the risk properties … modelling of the credit risk of the underlying asset pools. It is argued that structured finance ratings, though useful, have … their assessments of structured finance instruments and their markets …

Persistent link: https://www.econbiz.de/10013092064