Showing 1 - 10 of 3,965
ways to transfer credit risk have tended to diminish the informational content of standard bank balance-sheet indicators …We find evidence of a bank lending channel for the euro area operating via bank risk. Financial innovation and the new …. We show that bank risk conditions, as perceived by financial market investors, need to be considered, together with the …
Persistent link: https://www.econbiz.de/10011605121
In this paper we analyze the bank lending channel in Hungary. We provide a brief overview of the theory and the … empirical approaches used to investigate the existence of bank lending channel. From the possible methods we use the generally … effects are captured by interaction-terms. We find significant asymmetric adjustment of loan quantities along certain bank …
Persistent link: https://www.econbiz.de/10010322464
The bank lending channel theory posits that during monetary contractions banks restrict some firms' loans, thus … firms accelerate, loan growth. We find that small firms increase trade credit, a substitute credit, indicating a strong loan … demand. It supports the bank lending channel: they do not voluntarily cut bank loans since they increase a less …
Persistent link: https://www.econbiz.de/10011430008
This paper investigates the relationship between short-term interest rates and bank risk. Using a unique database that …
Persistent link: https://www.econbiz.de/10011605212
smooth transmission of credit to borrowers. While results from the years prior to the crisis often cast doubts on the … strength of the bank lending channel, recent evidence shows that bank-specific characteristics can have a large impact on the … provision of credit. We show that new factors, such as changes in banks’ business models and market funding patterns, had …
Persistent link: https://www.econbiz.de/10011605381
developing a new methodology to separate firms' credit shocks from loan supply shocks, using a vast sample of matched bank … bank loan supply net of borrower characteristics and general credit conditions - can have large impacts on aggregate loan …-firm lending data. We decompose loan movements in Japan for the period 1990 to 2010 into bank, firm, industry, and common shocks …
Persistent link: https://www.econbiz.de/10010333636
-applicant firms that enable us to disentangle effects driven by shocks to the banking system from recession-driven demand shocks that … may vary across lenders. We find strong evidence that credit tightened in the relatively early stages of the crises caused … by the following types of bank financial distress: 1) low equity ratio; 2) low Tier 1 capital ratio; and 3) losses on …
Persistent link: https://www.econbiz.de/10011605249
documents a growing role of non-bank financial intermediaries in the provision of credit to NFCs. After exploring supply and … reallocation of credit to other sectors or assets. This could generate greater systemic risk through unsustainable valuations or … macroprudential framework for non-bank financial intermediaries and calls macroprudential authorities to closely monitor the NFC …
Persistent link: https://www.econbiz.de/10014327946
aggressive on their loan pricing practices. This suggests that securitization activity lead to laxer credit standards …. Macroeconomic factors also play a large role explaining the impact of securitization activity on bank lending standards: banks more …
Persistent link: https://www.econbiz.de/10011605408
We use the 2020 Small Business Credit Survey to study the sources of racial disparities in use of the Paycheck …, and the bank approval disparity is also larger in more racially biased counties. We conclude that insofar as automation by …
Persistent link: https://www.econbiz.de/10014480565