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The authors find that firms that face higher upfront commitment fees, risk premium spreads, or usage fees have smaller credit lines, while those with higher overdraft fees have larger ones. Firms with greater profit growth in the past have larger credit lines, while those with more internal...
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Bank lending is an important source of funding for firms. Most loans are in the form of credit lines. Empirical studies …
Persistent link: https://www.econbiz.de/10012737926
Using Federal Reserve (Fed) confidential stress test data, we exploit the gap between the Fed and bank capital …
Persistent link: https://www.econbiz.de/10014048801
million new bank account openings. About 77% of these accounts maintain a positive balance. While the initial usage remains …
Persistent link: https://www.econbiz.de/10012964578
Yes, it did. We use exogenous variation in banks' incentives to conform to the standards of the Community Reinvestment Act (CRA) around regulatory exam dates to trace out the effect of the CRA on lending activity. Our empirical strategy compares lending behavior of banks undergoing CRA exams...
Persistent link: https://www.econbiz.de/10013036301
Using Federal Reserve (Fed) confidential stress test data, we exploit the gap between the Fed and bank capital …
Persistent link: https://www.econbiz.de/10012827732
We document that banking deregulation leads banks to offer lower initial rates on adjustable-rate mortgages to attract borrowers, but banks also shroud these contracts by increasing back-loaded resetting rates. More shrouding can be explained by higher proportion of naïve borrowers following...
Persistent link: https://www.econbiz.de/10012854765
How does a bank react when a substantial share of its borrowers suffer a large negative shock? To answer this question … we exploit the 2014 collapse of energy prices using the universe of Mexican commercial bank loans. We show that, after …, relaxing credit margins to their larger debtors in the sector. An increase of one standard deviation in a bank's ex …
Persistent link: https://www.econbiz.de/10014352283
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