Showing 1 - 10 of 5,651
Persistent link: https://www.econbiz.de/10013261113
Pecking order models of international finance suggest that countries should become less reliant on international bank lending as they develop. Reduced information costs are one of the factors behind this trend towards disintermediation. This paper presents a simple model on the choice between...
Persistent link: https://www.econbiz.de/10011473710
Foreign currency loans to the unhedged non-banking sector are remarkably prevalent in Europe and create a significant … exchange-rate-induced credit risk to European banking sectors. In particular, Swiss franc (CHF)-denominated loans, popular in … that banks in Europe have continuously held more foreign-currency-denominated assets than liabilities, indicating their …
Persistent link: https://www.econbiz.de/10010221680
Persistent link: https://www.econbiz.de/10012804587
-affiliated, and low-leverage companies incline more towards this strategy. Credit rating, debt maturity, financial and interest …
Persistent link: https://www.econbiz.de/10012587447
Persistent link: https://www.econbiz.de/10011536023
Persistent link: https://www.econbiz.de/10009272475
Persistent link: https://www.econbiz.de/10010342793
Middle-aged people have a higher demand for bank loans compared to other age groups and banks that are active in regions with more middle-aged residents are exposed to higher loan demand. This generates a geographically varying demand for loans. Using this variation, we show that banks increase...
Persistent link: https://www.econbiz.de/10012855645
Persistent link: https://www.econbiz.de/10012696708