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Optimal Banking Sector Recapitalization
Oviedo, Pedro Marcelo; Sikdar, Shiva - Iowa State University of Science and Technology <Ames, … - 2008
Government-nanced bank restructuring programs, occasionally costing up to 50% of GDP,are commonly used to resolve … costs under dierent nancingoptions. In our model bank credit is essential, due to a working capital constraint onrms, and …
Persistent link: https://www.econbiz.de/10009360809
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Shocks at large banksand banking sector distress:the Banking Granular Residual
Blank, Sven; Buch, Claudia M.; Neugebauer, Katja - Volkswirtschaftliches Forschungszentrum <Frankfurt, Main> - 2009
Size effects matter in banking. Typically, banking systems are dominated by a smallnumber of large players who are also active in a large range of countries and marketsegments. At the same time, there exist small and often regionally-focused financialinstitutions. This holds also for the German...
Persistent link: https://www.econbiz.de/10005866276
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AVOIDING THE RATING BOUNCE: WHY RATING AGENCIES ARE SLOW TOREACT TO NEW INFORMATION
Löffler, Gunter - Universität <Ulm> / Institut für Finanzwirtschaft
Rating agencies state that they take a rating action only when it is unlikely to bereversed shortly afterwards. Using a formal representation of the rating process, I showthat such a policy provides a good explanation for the empirical evidence: ratingchanges relatively seldom occur, they...
Persistent link: https://www.econbiz.de/10005870847
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Avoiding the rating bounce
Löffler, Gunter - 2002
Rating agencies state that they take a rating action only when it is unlikely to bereversed shortly afterwards. Based on a formal representation of the rating process, Ishow that such a policy provides a good explanation for the empirical evidence: Ratingchanges occur relatively seldom, exhibit...
Persistent link: https://www.econbiz.de/10005844552
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How Unique Are US Banks? - The Role of Banks in Five Major Financial Systems
Hackethal, Andreas - 2000
Initiated by the seminal work of Diamond/Dybvig (1983) and Diamond (1984), advances in the theory of financial …
Persistent link: https://www.econbiz.de/10005840290
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Disintermediation and the Role of Banks in Europe: An International Comparison
Schmidt, Reinhard H.; Hackethal, Andreas; Tyrell, Marcel - 1998
bank-based to capital market-based financial systems, nor for a loss of importance of banks. Only in the case of France … mobilizers of capital from the non-financial sectors. In combination with the trend towards securitization of bank liabilites …
Persistent link: https://www.econbiz.de/10005840403
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Do Lending Relationships Matter? Evidence from Bank Survey Data in Germany
Lehmann, Erik E.; Neuberger, Doris - Universität <Augsburg> / Lehrstuhl für … - 2001
Strong lending relationships between banks and small and medium-sized enterprises (SMEs) play a key role in the bank … long-term bank-customer relationships. In contrast, the present paper also considers inter-actional variables which try to … measure social relations between loan officer and firm manager. Using bank survey data, the relationship and interaction …
Persistent link: https://www.econbiz.de/10005863278
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EINFLUSSFAKTOREN AUF DEN CREDIT SPREAD VONUNTERNEHMENSANLEIHEN
Gann, Philipp; LAUT, AMELIE - Universität <München> / Fakultät für Betriebswirtschaft - 2008
. Dadurch werden zum einen die Grenzen der in Theorie und Praxis weit verbreiteten barwertigenBewertungslogik von Anleihen auf …
Persistent link: https://www.econbiz.de/10009418817
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Business Cycle Effects of Credit and Technology Shocksin a DSGE Model with Firm Defaults
Pesaran, M. Hashem; Xu, TengTeng - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011
This paper proposes a theoretical framework to analyze the impacts of credit and technologyshocks on business cycle dynamics, where firms rely on banks and households for capitalfinancing. Firms are identical ex ante but differ ex post due to different realizations of firmspecific technology...
Persistent link: https://www.econbiz.de/10009522213
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Household decisions, credit markets and the macroeconomy: implications for the design of central bank models
Muellbauer, John - Bank für Internationalen Zahlungsausgleich <Basel> - 2010
It is widely acknowledged that the recent generation of DSGE models failed to incorporate many of the liquidity and financial accelerator mechanisms revealed in the global financial crisis that began in 2007. This paper complements the papers presented at the 2009 BIS annual conference focused...
Persistent link: https://www.econbiz.de/10005870913