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Over-the-counter loans, adverse selection, and stigma in the interbank market
Ennis, Huberto M.; Weinberg, John A. - 2010
Persistent link: https://www.econbiz.de/10009157875
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Over-the-counter loans, adverse selection, and stigma in the interbank market
Ennis, Huberto M.; Weinberg, John A. - In: Review of economic dynamics 16 (2013) 4, pp. 601-616
Persistent link: https://www.econbiz.de/10010210856
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Efficiency and Bargaining Power in the Interbank Loan Market
Allen, Jason - 2015
market, and the bargaining power of its participants. Our analysis relies on the equilibrium concept of the core, which … bargaining power tilted sharply towards borrowers as the financial crisis progressed, and (surprisingly) towards riskier …
Persistent link: https://www.econbiz.de/10013036647
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Bank Cleanups, Capitalization and Lending : Evidence from India
Chopra, Yakshup - 2020
We examine the Indian bank asset quality review, which doubled the declared loan delinquency rate. Relative economic stability during the exercise and the absence of a capital backstop together make it unique. We find that the expected reduction in information asymmetry does not automatically...
Persistent link: https://www.econbiz.de/10012824298
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Bargaining with a bank
Mosk, Thomas - 2018 - This version: January 2018
This paper examines bargaining as a mechanism to resolve information problems. To guide the analysis, I develop a …
Persistent link: https://www.econbiz.de/10011849236
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Screening as a Unified Theory of Delinquency, Renegotiation, and Bankruptcy
Kovrijnykh, Natalia - 2015
We propose a parsimonious model with adverse selection where delinquency, renegotiation, and bankruptcy all occur in equilibrium as a result of a simple screening mechanism. A borrower has private information about her cost of bankruptcy, and a lender may use random contracts to screen different...
Persistent link: https://www.econbiz.de/10013030850
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Bargaining power and outside options in the interbank lending market bargaining power and outside options in the interbank lending market
Abbassi, Puriya; Bräuning, Falk; Schulze-Stahl, Niels G. - 2020 - This version: June 2020
We study the role of bargaining power and outside options with respect to the pricing of over-the-counter interbank … loans using a bilateral Nash bargaining model, and we test the model predictions with detailed transaction-level data from … the euro-area interbank market. We find that lender banks with greater bargaining power over their borrowers charge higher …
Persistent link: https://www.econbiz.de/10012301128
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International monetary transmission with bank heterogeneity and default risk
Tsenova, Tsvetomira - 2013
This paper compares the effectiveness, efficiency and robustness of standard and non-standard monetary policy tools, such as the banks' refinancing interest rate, penalty interest rate on deposit facility holdings and minimum reserve requirements on attracted deposits. The assessment is...
Persistent link: https://www.econbiz.de/10011347736
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A model of tiered settlement networks
Chapman, James (contributor); Chiu, Jonathan (contributor);  … - 2008
This paper develops a model of settlement system to study the endogenous structure of settlement networks, and the welfare consequences of clearing agent failure. The equilibrium degree of tiering is endogenously determined by the cost structure and the information structure. The degree of...
Persistent link: https://www.econbiz.de/10003711684
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Interest Rates and Lending Standards
Dosis, Anastasios - 2019
likelihood of a banking crisis. I further show that (i) when interest rates are endogenous, the demand for loanable funds is non …
Persistent link: https://www.econbiz.de/10012902453