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Oviedo, Pedro Marcelo; Sikdar, Shiva - Iowa State University of Science and Technology <Ames, … - 2008

costs under dierent nancingoptions. In our model bank credit is essential, due to a working capital constraint onrms, and … credit and a fall in output equivalent to those indeveloping countries aected by banking crises. Full recapitalization of the … banking systemimmediately after the crisis is optimal only if international credit is available. One-shot recapitalizationis …

Persistent link: https://www.econbiz.de/10009360809

Der Aktienrückkauf und dieBankenkrise von 1931

Terberger, Eva; Wettberg, Stefanie C. - Alfred-Weber-Institut für Sozial- und … - 2005

auch der deutschen Bankenkrise von 1931. EinPhänomen, das dabei bisher wenig Beachtung fand, ist der massive Rückkauf …

Persistent link: https://www.econbiz.de/10005868468

Reputation and Credit Market Formation

Fehr, Ernst; Zehnder, Christian - Institut für Schweizerisches Bankwesen <Zürich>; … - 2004

existence and performance of credit markets. In theabsence of any third party enforcement of debt repayment the contracting …

Persistent link: https://www.econbiz.de/10005857994

Financial intermediation and the post-crisis financial system

Shin, Hyun Song - Bank für Internationalen Zahlungsausgleich <Basel> - 2010

Securitization was meant to disperse credit risk to those who were better able to bear it. In practice, securitization …

Persistent link: https://www.econbiz.de/10005870930

Capital regulation, risk-taking and monetary policy: a missing link in the transmission mechanism?

Borio, Claudio E. V.; Zhu, Haibin - Bank für Internationalen Zahlungsausgleich <Basel> - 2008

Few areas of monetary economics have been studied as extensively as the transmission mechanism. The literature on this topic has evolved substantially over the years, following the waxing and waning of conceptual frameworks and the changing characteristics of the financial system. In this paper,...

Persistent link: https://www.econbiz.de/10009248818

Money and Liquidity in Financial Markets

Nyborg, Kjell G.; Östberg, Per - Swiss National Centre of Competence in Research North … - 2010

We argue that there is a connection between the interbank market for liquidity and thebroader financial markets, which has its basis in demand for liquidity by banks. Tightnessin the interbank market for liquidity leads banks to engage in what we term “liquiditypull-back,” which involves...

Persistent link: https://www.econbiz.de/10009305106

Implications of bank ownership for the credit channel ofmonetary policy transmission:Evidence from India

Bhaumik, Sumon Kumar; Dang, Vinh; Kutan, Ali M. - William Davidson Institute <Ann Arbor, Mich.> - 2010

Many developing and emerging markets have high degrees of state bank ownership. In addition, therecent global financial crisis has led to significant state ownership of banking assets in developedcountries such as the United Kingdom. These observations beg the question of whether...

Persistent link: https://www.econbiz.de/10009360487

Asset price misalignments and the role of money and credit

Gerdesmeier, Dieter; Reimers, Hans-Eggert; Roffia, Barbara - European Central Bank - 2009

This paper contributes to the literature on the properties of money and creditindicators for detecting asset price misalignments. After a review of the evidence inthe literature on this issue, the paper discusses the approaches that can be consideredto detect asset price busts. Considering a...

Persistent link: https://www.econbiz.de/10005866513

The bank lending channel revisited

Disyatat, Piti - Bank für Internationalen Zahlungsausgleich <Basel> - 2010

A central proposition in research on the role that banks play in the transmission mechanism is that monetary policy imparts a direct impact on deposits and that deposits, insofar as they constitute the supply of loanable funds, act as the driving force of bank lending. This paper argues that the...

Persistent link: https://www.econbiz.de/10005871023

Bank ties and firm performance in Japan: some evidence since FY2002

McGuire, Patrick M. - Bank für Internationalen Zahlungsausgleich <Basel> - 2009

Since the mid-1990s, major Japanese banks have sold off a significant portion of their holdings of corporate equity. Using information on the identity of Japanese firms' top 10 shareholders, this paper explores the process of banks' equity disposal. There is some evidence that, after FY2001,...

Persistent link: https://www.econbiz.de/10009248805

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