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signal on bank project quality, short-term wholesale financiers have lower incentives to conduct costly monitoring, and …
Persistent link: https://www.econbiz.de/10009640317
the first years of bank securities’ subsidiaries’ entry into the market. Based on our results, it is not possible to …
Persistent link: https://www.econbiz.de/10009640613
We model the impact of bank mergers on loan competition, banks' reserve holdings and aggregate liquidity. Banks compete … in liquidity risk and expected liquidity needs for each bank and for the banking system. Large mergers tend to increase … expected aggregate liquidity needs, and thus the liquidity provision by the central bank. Comparative statics suggest that a …
Persistent link: https://www.econbiz.de/10009635892
This paper discusses a wide range of indicators of the degree of integration of the euro area banking system. It is concerned with volume data, a less developed field of research compared with studies on prices/rates. We first set out a methodological framework, a mixture of elementary and more...
Persistent link: https://www.econbiz.de/10009636523
Persistent link: https://www.econbiz.de/10011732248
Persistent link: https://www.econbiz.de/10011732249
This paper aims at analysing the mortality patterns of hedge funds over the period January 1994 to May 2008. In particular, we investigate the extent to which a spillover of risk among hedge funds through redemptions and failures of other funds has affected the probability of fund failure. We...
Persistent link: https://www.econbiz.de/10009640467
We study the relative effect of venture capital and bank finance on large manufacturing firms in local U.S. markets …
Persistent link: https://www.econbiz.de/10009640458
This paper analyses the link between finance and growth by studying the effect that the process of financial deregulation and harmonisation of banking laws at the EU level has brought about on growth over the last 40 years. Our main findings point to the existence of a positive long-run growth...
Persistent link: https://www.econbiz.de/10009635911
demand and a loan demand model which both include the relation between the respective retail bank rates and the short … for the existence of a bank lending channel. Finally, the estimation of the Structural-VECM highlights very rich dynamics …
Persistent link: https://www.econbiz.de/10009635913