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Internationale Kooperation zur Prävention von Finanzkrisen. Die Verregelung von Verteilungskonflikten zwischen den Industriestaaten
Freund, Corinna - 2002
In einem Grundlagenteil beschreibt die Arbeit zunaechst die Ansatzpunkte internationaler Kooperation zur Praevention von Finanzkrisen, fokussierend auf die Regulierung von Banken und Wertpapierfirmen, und beschreibt die wesentlichen Massnahmen und Institutionen der internationalen Zusammenarbeit...
Persistent link: https://www.econbiz.de/10009475321
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Application of penalized splines method in the credit market
Yao, Zhilin - 2008
"Mortgage-related hit worse than expected" has been a frequently cited phrase in recent months, and is usually followed by a list of victims consisting of banks and hedge funds. Although the current mortgage mess was caused by the subprime mortgage or bad credit mortgage, the broad impact of...
Persistent link: https://www.econbiz.de/10009452579
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Debt Overhang and Barter in Russia
Guriev, Sergei; Makarov, Igor; Maurel, Mathilde - 2000
In this paper we study, both theoretically and empirically, the relationship between barter and the indebtedness of Russian firms. We build a model in which a firm uses barter to protect its working capital against outside creditors even when barter involves high transaction costs. The main...
Persistent link: https://www.econbiz.de/10009477464
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Debt Financing, Bankruptcy Reorganization and Corporate Investment
Zhou, Simiao - 2010
In this thesis, I investigate economic and policy implications of corporate debt financing. In the first chapter, I examine whether or not leverage has a negative effect on corporate investment due to a debt overhang problem. Existing empirical studies face a challenging endogeneity problem...
Persistent link: https://www.econbiz.de/10009455347
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Debt overhang, credit demand and financial conditions
Argimón, Isabel; Roibás, Irene
Survey for the period 2004-2019, we study the impact of corporate debt on non-financial firms’ demand for bank loans, as a … proxy for their willingness to invest. We find a negative relationship between firms’ leverage and demand for bank credit …
Persistent link: https://www.econbiz.de/10013538322
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Bank Lending Survey in Spain: July 2019
Menéndez Pujadas, Álvaro
Artículo de revista ; The results of the Bank Lending Survey reflect, in general, a slightly less expansionary …
Persistent link: https://www.econbiz.de/10012523898
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Bank Lending Survey. June 2020
Menéndez Pujadas, Álvaro
Artículo de revista ; The latest results of the Bank Lending Survey are very much marked by the impact that the COVID …
Persistent link: https://www.econbiz.de/10012524970
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Credit supply : identifying balance-sheet channels with loan applications and granted loans
Jiménez Zambrano, Gabriel; Ongena, Steven; Peydró, … - 2010
resultant credit restriction by turning to other banks. Importantly the bank-lending channel is notably stronger when we account …
Persistent link: https://www.econbiz.de/10012530305
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Local versus aggregate lending channels : the effects of securitization on corporate credit supply
Jiménez Zambrano, Gabriel; Mian, Atif; Peydró, José Luis - 2011
Mientras que los bancos pueden cambiar su oferta de crédito tras sufrir shocks que afectan a sus balances (el canal local del préstamo), las empresas pueden reaccionar ajustando sus fuentes de financiación en equilibrio (el canal agregado del préstamo). En este papel proporcionamos una...
Persistent link: https://www.econbiz.de/10012530342
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The bank lending channel of unconventional monetary policy : the impact of VLTROs on credit supply in Spain
García-Posada, Miguel; Marchetti, Marcos Adrián - 2015
by the Eurosystem in December 2011 and February 2012 for the case of Spain. To do so we use bank-firm level information …-sheet strength and by including bank fixed effects. Our findings suggest that the VLTROs had a positive moderately-sized effect on … the supply of bank credit to firms, providing evidence of a bank lending channel in the context of unconventional monetary …
Persistent link: https://www.econbiz.de/10012530468