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Foreign currency loans and systemic risk in Europe
Yeşin, Pınar - 2013
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
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Financing investment: the choice between bonds and bank loans
Morellec, Erwan; Valta, Philip; Zhdanov, Alexei - 2014
bargaining power in default, operating in more competitive product markets, and facing lower credit supply are more likely to …
Persistent link: https://www.econbiz.de/10010258730
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Market finance as a spare tyre? : corporate investment and access to bank credit in Europe
Maurin, Laurent; Andersson, Malin; Rusinova, Desislava - 2021
ratio since the crisis reflects bottlenecks in the provision of bank credit and (2) the tightened loan supply has been more …
Persistent link: https://www.econbiz.de/10012629831
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Market finance as a spare tyre? : corporate investment and access to bank credit in Europe
Andersson, Malin; Maurin, Laurent; Rusinova, Desislava - 2021
ratio since the crisis reflects bottlenecks in the provision of bank credit and (2) the tightened loan supply has been more …
Persistent link: https://www.econbiz.de/10012648857
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External financing and economic activity in the euro area : why are bank loans special?
Aldasoro, Iñaki; Unger, Robert - 2017
Using a Bayesian vector autoregression (BVAR) identified with a mix of sign and zero restrictions, we show that a restrictive bank loan supply shock has a strong and persistent negative impact on real GDP and the GDP deflator. This result comes about even though flows of other sources of...
Persistent link: https://www.econbiz.de/10011632175
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Debt restructuring with multiple bank relationships
Baglioni, Angelo; Colombo, Luca; Rossi, Paola - 2019
When the debt of firms in distress is dispersed, a restructuring agreement is difficult to reach because of free riding. We develop a repeated game in which banks come across each other frequently, allowing them to threaten a punishment in case of free riding. As the number of lending banks...
Persistent link: https://www.econbiz.de/10011962128
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Debt restructuring with multiple bank relationships
Baglioni, Angelo; Colombo, Luca; Rossi, Paola - 2018
Persistent link: https://www.econbiz.de/10011944440
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External financing and economic activity in the euro area : why are bank loans special?
Aldasoro, Iñaki; Unger, Robert - 2017
Persistent link: https://www.econbiz.de/10011752673
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What determines the decision to apply for credit? : evidence Eurozone SMEs
Lucey, Brian M.; Sánchez-Vidal, Javier; MacAnBhaird, Ciaran - 2012
Persistent link: https://www.econbiz.de/10009686001
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Settlement balances deconstructed
Chu, Parnell; Johnson, Grahame; Kinnear, Scott; … - 2022
The concept of settlement balances is simple in its definition but complex when attempting to understand how they interplay between a central bank and the financial system. Settlement balances can be defined as interest-bearing deposits that belong to participants of Canada's payment system and...
Persistent link: https://www.econbiz.de/10013256950