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Sharing the pain? Credit supply and real effects of bank bail-ins

Lopes, Samuel da Rocha; Beck, Thorsten; Silva, André F. - 2018

We analyze the credit supply and real sector effects of bank bail-ins by exploiting the unexpected failure of a major Portuguese bank and subsequent resolution. Using a matched firm-bank dataset on credit exposures and interest rates, we show that while banks more exposed to the bail-in...

Persistent link: https://www.econbiz.de/10014564962

Anti-poverty transfers without riots in Tunisia

Muller, Christophe - 2007

We draw some lessons from the Tunisian experience of social reforms and associated civil conflict. Our main interest is the riots that occurred after subsidy cuts and their possible substitution of price subsidies by direct cash transfers. We propose new welfare indicators apt to assess policy...

Persistent link: https://www.econbiz.de/10010319085

When Arm's Length Is Too Far. Relationship Banking over the Business Cycle

Beck, Thorsten; Degryse, Hans; de Haas, Ralph; van … - 2014

Using a novel way to identify relationship and transaction banks, we study how banks' lending techniques affect funding to SMEs over the business cycle. For 21 countries we link the lending techniques that banks use in the direct vicinity of firms to these firms' credit constraints at two...

Persistent link: https://www.econbiz.de/10010398626

Default rates in the loan market for SMEs: Evidence from Slovakia

Fidrmuc, Jarko; Hainz, Christa; Malesich, Anton - 2007

Banks entering an emerging market face a lot of uncertainty about the risks involved in lending. We use a unique unbalanced panel of nearly 700 short-term loans made to SMEs in Slovakia between January 2000 and June 2005. Of the loans granted, on average 6.0 per cent of the firms defaulted....

Persistent link: https://www.econbiz.de/10010427499

A Note on Credit-Worthiness Tests

Kirstein, Roland; Neunzig, Alexander R. - 1999

Banks often have to determine the credit worthiness, i.e. the ability to repay the loan, of their customers ex-ante. According to the theory of imperfect diagnosis, it can be rational not to use an informative diagnosis result, even though it can be acquired without costs. We call this...

Persistent link: https://www.econbiz.de/10010296951

Empirical measurement of credit rationing in agriculture: a methodological survey

Petrick, Martin - 2003

angewandte Methoden zur Messung von Kreditrationierung zu geben. Auf der Grundlage eines gemeinsamen analytischen Bezugsrahmens … Kreditrationierung die Unmöglichkeit, einen Kredit zu erhalten aufgrund von prohibitiv hohen, messbaren Transaktionskosten auf … Kreditrationierung zumindest implizit als andauernde Überschussnachfrage, folglich eine Mengenbeschränkung. Die sechs Vorgehensweisen …

Persistent link: https://www.econbiz.de/10010299438

Risiken für die Emerging Markets in Mittel- und Osteuropa vor dem Hintergrund der Erfahrungen Thailands, Mexikos und Tschechiens

Sell, Friedrich L. - 1999

von Sachs/Tornell/Velasco (1996) gewählt, der durch Einbeziehung von Kreditrationierung und Haftungsbeschränkung erweitert …

Persistent link: https://www.econbiz.de/10010300400

Credit Rationing Effects of Credit Value-at-Risk

Slijkerman, Jan Frederik; Smant, David J.C.; de Vries, … - 2004

Banks provide risky loans to firms which have superior information regarding the quality of their projects. Due to asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem of low quality, i.e. high risk, loans and therefore...

Persistent link: https://www.econbiz.de/10010325499

Capital Market Failure, Adverse Selection and Equity Financing of Higher Education

Jacobs, Bas; van Wijnbergen, Sweder J.G. - 2005

We apply theories of capital market failure to ana1yzeoptima1 financing of risky higher education. In the market solution,students can only finance their education through debt. There isunderinvestment in human capita1, because some students with socia1lyprofitable investments in human capita1...

Persistent link: https://www.econbiz.de/10010325581

A constitutional theory of the family

Cigno, Alessandro - 2005

The paper re-examines the idea that a family can be viewed as a community governed by a self-enforcing constitution, and extends existing results in two directions. First, it identifies circumstances in which a constitution is renegotiation-proof. Second, it introduces parental altruism. The...

Persistent link: https://www.econbiz.de/10010267482

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