Showing 1 - 10 of 555
bank to restructure the borrower's firm in the case of distress, thepossibility to appropriate private benefits from …
Persistent link: https://www.econbiz.de/10005840402
This paper develops a continuous-time model of liquidity provision by banks, in which customers can deposit and withdraw their funds strategically ...
Persistent link: https://www.econbiz.de/10005843240
, thus relying on real information used in the process of bank credit decision-making. In particular,risk assessment is … derived from bank internal borrower ratings and a new proxy for identifying relationshiplending is used. Furthermore, our data … strengthening the bank’s bargaining power in future renegotiations.This interpretation is strongly supported by our analysis of bank …
Persistent link: https://www.econbiz.de/10005867998
bank served as the main bank. However, affiliation with a main bank - proxied by firm-bank loan and shareholding ties … bank ties are less profitable... …
Persistent link: https://www.econbiz.de/10009248805
The rate of growth in bank loans to private households and firms in Germany hasdeclined substantially since early 2000 … results suggest that the slowdown in bank loan expansionis largely driven by a decline in the demand for loans. This result is …
Persistent link: https://www.econbiz.de/10005865812
This paper investigates the returns and flows of German money marketfunds before and during the liquidity crisis of 2007/2008. The mainfindings of this paper are: In liquid times money market funds enhancedtheir returns by investing in less liquid papers. By doing so they outperformedother funds...
Persistent link: https://www.econbiz.de/10005866197
gewinnorientierten Banken und beträchtliche Unterschiede zwischen den Bank- und Finanzsystemen verschiedener Länder. Methodisch geht der … develops an informal model of the relationships between (1) external developments, (2) bank strategies and the structure of the …
Persistent link: https://www.econbiz.de/10005844567
Securitization was meant to disperse credit risk to those who were better able to bear it. In practice, securitization appears to have concentrated the risks in the financial intermediary sector itself. This paper outlines an accounting framework for the financial system for assessing the impact...
Persistent link: https://www.econbiz.de/10005870930
This paper investigates the returns and °ows of German money marketfunds before and during the liquidity crisis of 2007/2008. The main¯ndings of this paper are: in liquid times, money market funds en-hanced their returns by investing in less liquid papers. By doing sothey outperformed other...
Persistent link: https://www.econbiz.de/10009302620
The service industries in general and financial services in particular have been disproportionatelylarge investors in information technology. However, critics have suggested that the productivityeffects of this investment have been negligible, a serious outcome given the importance of the...
Persistent link: https://www.econbiz.de/10005869107