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Foreign investment, regulatory arbitrage, and the risk of U.S. banking organizations
Frame, W. Scott; Mihov, Atanas; Sanz, Leandro - 2017
international subsidiary locations and risk of U.S. bank holding companies (BHCs). We find that U.S. BHCs are more likely to operate … risk and higher contribution to systemic risk. The quality of BHCs' internal controls and risk management play an important … role in these location choices and risk outcomes. Overall, our study suggests that U.S. banking organizations engage in …
Persistent link: https://www.econbiz.de/10011776828
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Foreign investment, regulatory arbitrage, and the risk of U.S. banking organizations
Frame, W. Scott; Mihov, Atanas; Sanz, Leandro - 2016
international subsidiary locations and risk of U.S. bank holding companies (BHCs). We find that U.S. BHCs are more likely to operate … risk and higher contribution to systemic risk. The quality of BHCs' internal controls and risk management play an important … role in these location choices and risk outcomes. Overall, our study suggests that U.S. banking organizations engage in …
Persistent link: https://www.econbiz.de/10011623274
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The surprising use of credit scoring in small business lending by community banks and the attendant effects on credit availability and risk
Berger, Allen N.; Cowan, Adrian M.; Frame, W. Scott - 2009
The literature has documented a positive relationship between the use of credit scoring for small business loans and small business credit availability, broadly defined. However, this literature is hampered by the fact that all of the studies are based on a single 1998 survey of the very largest...
Persistent link: https://www.econbiz.de/10010292213
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The federal home loan bank system: The lender of next-to-last resort?
Ashcraft, Adam; Bech, Morten L.; Frame, W. Scott - 2009
The Federal Home Loan Bank (FHLB) System is a large, complex, and understudied government-sponsored liquidity facility that currently has more than $1 trillion in secured loans outstanding, mostly to commercial banks and thrifts. This paper first documents the significant role played by the FHLB...
Persistent link: https://www.econbiz.de/10010292250
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Commercial lending distance and historically underserved areas
DeYoung, Robert; Frame, W. Scott; Glennon, Dennis; … - 2007
We study recent changes in the geographic distances between small businesses and their bank lenders, using a large random sample of loans guaranteed by the Small Business Administration. Consistent with extant research, we find that small borrower-lender distances generally increased between...
Persistent link: https://www.econbiz.de/10010292284
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Why do borrowers pledge collateral? New empirical evidence on the role of asymmetric information
Berger, Allen N.; Espinosa-Vega, Marco A.; Frame, W. Scott - 2007
An important theoretical literature motivates collateral as a mechanism that mitigates adverse selection, credit rationing, and other inefficiencies that arise when borrowers hold ex ante private information. There is no clear empirical evidence regarding the central implication of this...
Persistent link: https://www.econbiz.de/10010292292
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Technological change, financial innovation, and diffusion in banking
Frame, W. Scott; White, Lawrence J. - 2009
This paper discusses the technological change and financial innovation that commercial banking has experienced during the past twenty-five years. The paper first describes the role of the financial system in economies and how technological change and financial innovation can improve social...
Persistent link: https://www.econbiz.de/10010292293
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The information revolution and small business lending: The missing evidence
DeYoung, Robert; Frame, W. Scott; Glennon, Dennis; … - 2010
This paper provides empirical confirmation for Petersen and Rajan's (2002) widely accepted conjecture that information technology was the primary driver of the observed increase in small business borrower-lender distances in the United States in recent years. Using a different data source for...
Persistent link: https://www.econbiz.de/10010292309
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Federal home loan bank advances and commercial bank portfolio composition
Frame, W. Scott; Hancock, Diana; Passmore, Wayne - 2007
This paper considers the role of Federal Home Loan Bank (FHLB) advances in stabilizing their commercial bank members' residential mortgage lending activities. Our theoretical model shows that using mortgage-related membership criteria or requiring mortgage-related collateral does not ensure that...
Persistent link: https://www.econbiz.de/10010292320
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The 2008 federal intervention to stabilize Fannie Mae and Freddie Mac
Frame, W. Scott - 2009
markets. In recent years, policymakers became increasingly concerned about the size and risk-taking incentives of these two …
Persistent link: https://www.econbiz.de/10010292336