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financial sector through the liability side versus the asset side of bank balance sheets. Our results indicate the importance of …
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of Mexico's central bank, and the increasing sovereign default risk of Mexico. However, the results suggest that the …
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advisors to acquirers. In particular, the target earns higher abnormal returns when the target's own bank certifies the (more …. Second, acquirers predominantly use commercial bank advisors to obtain access to bank loans that may be used to finance the …. Moreover, the advising bank's recommendations may be distorted by considerations related to credit exposure incurred in both …
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This paper examines the effects of cross-border bank mergers on the risk and (abnormal) returns of acquiring banks. We …
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Procyclicality has emerged as a potential drawback to adoption of risk-sensitive bank capital requirements. Systematic … risk factors may result in increases (decreases) in bank capital requirements when the economy is depressed (overheated …), thereby decreasing (increasing) bank lending capacity and exacerbating business cycle fluctuations. (...) …
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We survey both academic and proprietary models to examine how macroeconomic and systematic risk effects are incorporated into measures of credit risk exposure. Many models consider the correlation between the probability of default (PD) and cyclical factors.(...)
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