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Identifying empty creditors with a shock and micro-data
Degryse, Hans; Gündüz, Yalin; O'Flynn, Kuchulain; … - 2021
Firms with credit-default swaps (CDS) traded on their debt may face "empty creditors" as hedged creditors have less … bank-firm CDS net notional and credit exposures we find that the probability of default for CDS firms drops when the effect … constrained embed the empty creditor effect into their probability of default estimates of affected firms to a larger extent. So …
Persistent link: https://www.econbiz.de/10012698567
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Identifying empty creditors with a shock and micro-data
Degryse, Hans; Gündüz, Yalın; O'Flynn, Kuchulain; … - 2021
Firms with credit-default swaps (CDS) traded on their debt may face "empty creditors" as hedged creditors have less … bank-firm CDS net notional and credit exposures we find that the probability of default for CDS firms drops when the effect … constrained embed the empty creditor effect into their probability of default estimates of affected firms to a larger extent. So …
Persistent link: https://www.econbiz.de/10012697959
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Identifying empty creditors with a shock and micro-data
Degryse, Hans; Gündüz, Yalın; O'Flynn, Kuchulain; … - 2020
Firms with credit-default swaps (CDS) traded on their debt may face "empty creditors'' as hedged creditors have less … bank-firm CDS net notional and credit exposures we find that the probability of default for firms with CDS traded on them …
Persistent link: https://www.econbiz.de/10012181510
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Relationship Lending During a Trust Crisis on the Interbank Market : A Friend in Need Is a Friend Indeed
Degryse, Hans - 2019
We exploit uncertainty regarding banks' involvement in money laundering activities as a natural experiment to study the functioning of the interbank market in uncertain times. We show that bank couples with a stronger relationship (i.e., more frequent and reciprocal interactions before the...
Persistent link: https://www.econbiz.de/10012894133
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The real effects of bank distress: Evidence from bank bailouts in Germany
Bersch, Johannes; Degryse, Hans; Kick, Thomas; Stein, Ingrid - 2019
How does bank distress impact their customers' probability of default and trade credit availability? We address this … bank-induced increase of firms' probabilities of default. Moreover, bailouts tend to reduce trade credit availability and …
Persistent link: https://www.econbiz.de/10012105937
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The real effects of bank distress: Evidence from bank bailouts in Germany
Bersch, Johannes; Degryse, Hans; Kick, Thomas; Stein, Ingrid - 2019
How does bank distress impact their customers' probability of default and trade credit availability? We address this … bank-induced increase of firms' probabilities of default. Moreover, bailouts tend to reduce trade credit availability and …
Persistent link: https://www.econbiz.de/10012108715
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The Real Effects of Bank Distress : Evidence from Bank Bailouts in Germany
Bersch, Johannes - 2019
How does bank distress impact their customers' probability of default and trade credit availability? We address this … bank-induced increase of firms' probabilities of default. Moreover, bailouts tend to reduce trade credit availability and …
Persistent link: https://www.econbiz.de/10012860838
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The real effects of bank distress : evidence from bank bailouts in Germany
Bersch, Johannes; Degryse, Hans; Kick, Thomas; Stein, Ingrid - 2019
How does bank distress impact their customers' probability of default and trade credit availability? We address this … bank-induced increase of firms' probabilities of default. Moreover, bailouts tend to reduce trade credit availability and …
Persistent link: https://www.econbiz.de/10012103361
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The real effects of bank distress : evidence from bank bailouts in Germany
Bersch, Johannes; Degryse, Hans; Kick, Thomas; Stein, Ingrid - 2019
How does bank distress impact their customers' probability of default and trade credit availability? We address this … bank-induced increase of firms' probabilities of default. Moreover, bailouts tend to reduce trade credit availability and …
Persistent link: https://www.econbiz.de/10012108717
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The Real Effects of Bank Distress : Evidence from Bank Bailouts in Germany
Bersch, Johannes - 2020
How does bank distress impact their customers' probability of default and trade credit availability? We address this … bank-induced increase of firms' probabilities of default. Moreover, bailouts tend to reduce trade credit availability and …
Persistent link: https://www.econbiz.de/10012847227