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Of Academics and Creative Destruction : Startup Advantage in the Process of Innovation

Kolev, Julian; Haughey, Alexis; Murray, Fiona E. S.; … - National Bureau of Economic Research - 2022

What is the role of startups within the innovation ecosystem? Since 2000, startups have grown in their share of commercializing research from top U.S. universities; however, prior work has little to say on the particular advantages of startup ventures in the innovation process relative to more...

Persistent link: https://www.econbiz.de/10013362016

International banking and cross-border effects of regulation : lessons from the United States

Berróspide, José M.; Correa, Ricardo; Goldberg, Linda S. - 2016

where banks operate globally. Using U.S. micro-banking data for the first quarter of 2000 through the third quarter of 2013 … subsidiaries of foreign banks. Second, a foreign tightening of capital requirements shifts lending by U.S. global banks away from … regulation reduces lending by large U.S. global banks to foreign residents. …

Persistent link: https://www.econbiz.de/10011547676

International banking and cross-border effects of regulation : lessons from the United States

Berróspide, José M.; Correa, Ricardo; Goldberg, Linda S. - 2016

where banks operate globally. Using U.S. micro-banking data for the first quarter of 2000 through the third quarter of 2013 … subsidiaries of foreign banks. Second, foreign tightening of capital requirements shifts lending by U.S. global banks away from the … reduces lending by large U.S. global banks to foreign residents …

Persistent link: https://www.econbiz.de/10011563197

Foreclosure externalities : some new evidence

Gerardi, Kristopher; Rosenblatt, Eric; Willen, Paul; … - 2012 - Version of: July 25, 2012

In a recent set of influential papers, researchers have argued that residential mortgage foreclosures reduce the sale prices of nearby properties. We revisit this issue using a more robust identification strategy combined with new data that contain information on the location of properties...

Persistent link: https://www.econbiz.de/10009614091

Villains or scapegoats? : the role of subprime borrowers in driving the U.S. housing boom

Conklin, James; Frame, W. Scott; Gerardi, Kristopher; … - 2018

An expansion in mortgage credit to subprime borrowers is widely believed to have been a principal driver of the 2002-06 U.S. house price boom. Contrary to this belief, we show that the house price and subprime booms occurred in different places. Counties with the largest home price appreciation...

Persistent link: https://www.econbiz.de/10011895606

Making sense of the subprime crisis

Gerardi, Kristopher; Lehnert, Andreas; Sherland, Shane M.; … - 2008

This paper explores the question of whether market participants could have or should have anticipated the large increase in foreclosures that occurred in 2007 and 2008. Most of these foreclosures stem from loans originated in 2005 and 2006, leading many to suspect that lenders originated a large...

Persistent link: https://www.econbiz.de/10003810078

Foreclosure externalities : some new evidence

Gerardi, Kristopher; Rosenblatt, Eric; Willen, Paul; … - 2012

Persistent link: https://www.econbiz.de/10009581858

Do borrower rights improve borrower outcomes? : evidence from the foreclosure process

Gerardi, Kristopher; Lambie-Hanson, Lauren; Willen, Paul - 2012 - Rev.

We evaluate the effects of laws designed to protect borrowers from foreclosure. We find that these laws delay but do not prevent foreclosures. We first compare states that require lenders to seek judicial permission to foreclose with states that do not. Borrowers in judicial states are no more...

Persistent link: https://www.econbiz.de/10009382595

Liquidity risk and U.S. bank lending at home and abroad

Correa, Ricardo; Goldberg, Linda S.; Rice, Tara N. - 2014

While the balance sheet structure of U.S. banks influences how they respond to liquidity risks, the mechanisms for the … effects on and consequences for lending vary widely across banks. We demonstrate fundamental differences across banks without … foreign affiliates versus those with foreign affiliates. Among the nonglobal banks (those without a foreign affiliate), cross …

Persistent link: https://www.econbiz.de/10010404088

Reducing foreclosures

Foote, Christopher L.; Gerardi, Kristopher; Götte, Lorenz - 2009

This paper takes a skeptical look at a leading argument about what is causing the foreclosure crisis and what should be done to stop it. We use an economic model to focus on two key decisions: the borrower's choice to default on the mortgage and the lender's choice on whether to renegotiate or...

Persistent link: https://www.econbiz.de/10003860000