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The efficiency of early warning indicators for financial crises
Rabe, Jens Michael - 2000
potentialearly warning indicators that are suggested by theory. Alongsideothers, these candidate indicators are tested in …
Persistent link: https://www.econbiz.de/10009471830
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The Politics of Government Investment
Duchin, Ran - 2009
This paper investigates whether corporate political influence affects government investment decisions. We study the efficacy of the various forms of political influence, ranging from the relatively passive connections between firms and politicians, such as those based on politicians’ voting...
Persistent link: https://www.econbiz.de/10009480986
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Safer Ratios, Riskier Portfolios: Banks? Response to Government Aid
Duchin, Ran - 2011
We study the effect of government assistance on bank risk taking. Using hand-collected data on bank applications for …-level data on home mortgages and corporate loans. Our difference-indifference analysis indicates that after the bailout, bailed …
Persistent link: https://www.econbiz.de/10009482955
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Die Überwindung von Bankenkrisen aus makroökonomischer Perspektive
Mühe, Felix - 2003
Auswirkungen einer Bankenkrise auf die Volkswirtschaft so gering wie möglich zu halten. …
Persistent link: https://www.econbiz.de/10009476271
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Financial Markets, Financial Intermediation, and Bailout Policy
Vinogradov, Dmitri V. - 2006
bank-based financial system against a market-based one. Instead of considering the role of financial intermediaries and … the optimal allocation of resources. The design of the bailout policy plays an important role in this issue, therefore the … optimal crisis management.The analysis here addresses such issues as constructive ambiguity and forbearance in the bailout …
Persistent link: https://www.econbiz.de/10009476251
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Credit cycles : evidence based on a non-linear model for developed countries
Anguren Martín, Rebeca - 2011
En este estudio se propone un análisis econométrico de la evolución del crédito bancario al sector privado con el objetivo de describir los ciclos de crédito e identificar, por ejemplo, las fases de crecimiento anormalmente bajo, como las que suelen asociarse con episodios de crisis...
Persistent link: https://www.econbiz.de/10012530337
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Demand and supply determinants of loan contract terms in small business lending
Kirschenmann, Karolin - 2010
explained by theories on signaling. So, good borrowers choose short maturities to signal their good quality to the bank and to … made to micro, small and medium enterprises (MSMEs) by one Bulgarian bank between 2003 and 2007. Chapter 3 studies the …, long-term or mortgage loans. My results also indicate that this is driven by firms’ anticipation that the bank is reluctant …
Persistent link: https://www.econbiz.de/10009476202
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Deutsche Kapitalbeteiligungsgesellschaften im Umfeld der globalen Finanzkrise 2008/2009
Hummel, Detlev - 2011
Situation auf dem formellen Beteiligungsmarkt in Deutschland nach dem Ausbruch der Finanzkrise. Neben den allgemeinen …
Persistent link: https://www.econbiz.de/10009449026
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Tractable multi-firm default models based on discontinuous processes
Scherer, Matthias - 2007
The aim of this thesis is to thoroughly study structural default models based on jump-diffusion processes. Jump-diffusion models were first proposed by Zhou (2001), who also showed that these models have several desirable properties, most important, positive short-term spreads. On the other...
Persistent link: https://www.econbiz.de/10009462191
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Implied default barrier in credit default swap premia
Alonso Sánchez, Francisco; Forte, Santiago; Marqués … - 2006
Existe una versión en español con el mismo número ; This paper applies the methodology developed by Forte and Peña (2006) to extract the implied default point in the premium on credit default swaps (CDS). As well as considering a more expensive international sample of corporations (96 US,...
Persistent link: https://www.econbiz.de/10012530153