bank-based financial system against a market-based one. Instead of considering the role of financial intermediaries and …

rate stabilization: it is optimal for the central bank to tolerate greater inflation volatility in exchange for lower risk …

and the endogenous risk of a liquidity-driven bank run. We then test the model’s predictions using a novel dataset on … encumbrance increases bank risk, although this relationship is rather heterogeneous. …

(„Standardansatz”) oder durch die Bank selbst („IRB-Ansatz”) erfolgen soll. In einem Überblick über bereits existierende Literatur wird … amount of equity capital that a bank has to allocate to company loans in Basel II is determined by the riskiness of the … by the bank itself („Internal-Ratings-Based (IRB-) Approach”). The economic literature has not yet analyzed the effects …

short-term interest rate set by the central bank. His framework acknowledges the critical role of the central bank in … sector in terms of an exogenously determined interest rate set by the central bank, the model unpacks financial markets by … with the loan market. That makes transparent the macroeconomic significance of the loan market and bank behavior, and …

Building on the important study by Beck, Demirguc-Kunt, and Levine [2006. Bank supervision and corruption in lending … information sharing via credit bureaus/registries on corruption in bank lending. Using the unique World Bank data set (WBES …, and Shleifer [2007. Private credit in 129 countries. Journal of Financial Economics 84, 299-329], and bank regulation data …

The paper provides empirical analysis on the linkage betweenthe behavior of bank lending and business cycles in South … Africa. Consistentwith theory, overall evidence suggesting pro-cyclicality of bank lending isuncovered both at macro and … micro levels. At macro level, bank lending andlending rates have moved in tandem with business cycles. Real borrowing …

-high inflation rate to rise further. However, in the final stretch of the year the Turkish central bank shifted towards more orthodox …