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's funding liquidity, boosting credit supply to nonbanks. However, diversification comes at an endogenous cost that depends on … interbank lending for aggregate credit supply and the stability of banking systems. The model's predictions are consistent with …
Persistent link: https://www.econbiz.de/10012865583
This paper is one of the first to investigate the determinants of bond issuance by European banks. We use a unique database of around 50,000 bonds issued by 63 banks from 14 European countries to test explicitly a broad set of hypotheses on the drivers of bond issuance. The sample covers the two...
Persistent link: https://www.econbiz.de/10012981753
This paper is one of the first to investigate the determinants of bond issuance by European banks. We use a unique database of around 50,000 bonds issued by 63 banks from 14 European countries, allowing us to differentiate between different types of long-term debt securities. By investigating at...
Persistent link: https://www.econbiz.de/10013014489
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In this paper we aim at shedding light on the possible role played by BAs in influencing the effects of bank debt on the performances of the funded ventures. We assume that BAs might significantly reduce the agency costs of bank debt and foster a positive effect of debt on venture performance by...
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