Showing 1 - 10 of 127
The Basel I Accord introduced a discontinuity in required capital for undrawn credit commitments. While banks had to set aside capital when they extended commitments with maturities in excess of one year, short-term commitments were not subject to a capital requirement. The Basel II Accord...
Persistent link: https://www.econbiz.de/10011868462
In this paper, we introduce a model to study the interaction between insurance and banking. We build on the Federal … Crop Insurance Act of 1980, which significantly expanded and restructured the decades-old federal crop insurance program … our model. Banks increased lending to the agricultural sector in counties with higher insurance coverage after 1980, even …
Persistent link: https://www.econbiz.de/10014551978
In this paper, we introduce a model to study the interaction between insurance and banking. We build on the Federal … Crop Insurance Act of 1980, which significantly expanded and restructured the decades-old federal crop insurance program … our model. Banks increased lending to the agricultural sector in counties with higher insurance coverage after 1980, even …
Persistent link: https://www.econbiz.de/10014581880
This paper investigates the incentives for banks to bias their internally generated risk estimates. We are able to estimate bank biases at the credit level by comparing bank-generated risk estimates within loan syndicates. The biases are positively correlated with measures of regulatory capital,...
Persistent link: https://www.econbiz.de/10011340972
The Basel I Accord introduced a discontinuity in required capital for undrawn credit commitments. While banks had to set aside capital when they extended commitments with maturities in excess of one year, short-term commitments were not subject to a capital requirement. The Basel II Accord...
Persistent link: https://www.econbiz.de/10012144696
This paper investigates the incentives for banks to bias their internally generated risk estimates. We are able to estimate bank biases at the credit level by comparing bank-generated risk estimates within loan syndicates. The biases are positively correlated with measures of regulatory capital,...
Persistent link: https://www.econbiz.de/10010459741
Persistent link: https://www.econbiz.de/10012203658
We show that insurance companies have almost nonupled their investments in collateralized loan obligations (CLOs) in … capital charges, insurance companies invest more heavily in bonds and CLO tranches with higher yields. Preferences for CLO … regulatory reform, resulting in insurance companies holding more than 40 percent of mezzanine tranches outstanding in 2019. In …
Persistent link: https://www.econbiz.de/10013216628
We show that insurance companies have almost nonupled their investments in collateralized loanobligations (CLOs) in the …, insurance companies invest more heavily in bonds and CLO tranches with higher yields. Preferences for CLO tranches derived from …, resulting in insurance companies holding more than 40% of mezzanine tranches outstanding in 2019. In the process, insurance …
Persistent link: https://www.econbiz.de/10013218675
We show that insurance companies have almost nonupled their investments in collateralized loan obligations (CLOs) in … capital charges, insurance companies invest more heavily in bonds and CLO tranches with higher yields. Preferences for CLO … regulatory reform, resulting in insurance companies holding more than 40 percent of mezzanine tranches outstanding in 2019. In …
Persistent link: https://www.econbiz.de/10012597742