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The role of securitization in mortgage renegotiation
Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2011
We study the effects of securitization on renegotiation of distressed residential mortgages over the current financial crisis. Unlike prior studies, we employ unique data that directly observe lender renegotiation actions and cover more than 60% of the U.S. mortgage market. Exploiting...
Persistent link: https://www.econbiz.de/10010292147
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Get in with a foreigner : consumer trust in domestic and foreign banks
Bönte, Werner; Filipiak, Ute; Lombardo, Sandro - 2015
Prior research suggests that trust plays an important role for individuals' participation in stock markets. This paper … focuses on potential customers in retail banking markets and empirically investigates their trust in foreign banks and … in India are less likely to trust foreign banks with their money than Indian private banks. However, our results also …
Persistent link: https://www.econbiz.de/10011287168
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Get in with a foreigner : consumer trust in domestic and foreign banks
Bönte, Werner; Filipiak, Ute; Lombardo, Sandro - 2016
Prior research suggests that trust plays an important role in an individual's decision to participate in stock markets …. This paper focuses on potential customers in retail banking markets and empirically investigates their trust in foreign … banking customers in India are less likely to trust foreign banks with their money than private Indian banks. However, our …
Persistent link: https://www.econbiz.de/10011539928
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Why do banks reward their customers to use their credit cards?
Agarwal, Sumit; Chakravorti, Sujit; Lunn, Anna - 2010
Using a unique administrative level dataset from a large and diverse U.S. financial institution, we test the impact of rewards on credit card spending and debt. Specifically, we study the impact of cash-back rewards on individuals before and during their enrollment in the program. We find that...
Persistent link: https://www.econbiz.de/10008747502
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The Role of Securitization in Mortgage Renegotiation
Agarwal, Sumit - 2011
We study the effects of securitization on renegotiation of distressed residential mortgages over the current financial crisis. Unlike prior studies, we employ unique data that directly observes lender renegotiation actions and covers more than 60% of US mortgage market. Exploiting...
Persistent link: https://www.econbiz.de/10013131514
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Benefits of Relationship Banking : Evidence from Consumer Credit Markets
Agarwal, Sumit - 2011
This paper empirically examines the benefits of relationship banking to banks, in the context of consumer credit markets. Using a unique panel dataset that contains comprehensive information about the relationships between a large bank and its credit card customers, we estimate the effects of...
Persistent link: https://www.econbiz.de/10013133219
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Why Do Banks Reward Their Customers to Use Their Credit Cards?
Agarwal, Sumit - 2010
Using a unique administrative level dataset from a large and diverse U.S. financial institution, we test the impact of rewards on credit card spending and debt. Specifically, we study the impact of cash-back rewards on individuals before and during their enrollment in the program. We find that...
Persistent link: https://www.econbiz.de/10013135449
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Information Acquisition in Rumor-Based Bank Runs
He, Zhiguo - 2014
We study information acquisition and dynamic withdrawal decisions when a spreading rumor exposes a solvent bank to a run. Uncertainty about the bank's liquidity and potential failure motivates depositors who hear the rumor to acquire additional noisy signals. Depositors with less informative...
Persistent link: https://www.econbiz.de/10013067484
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Bank in the Theory of Financial Intermediation (La Banca Nella Teoria Dell'intermediazione Finanziaria)
Scannella, Enzo - 2012
In this paper I review the theory of financial intermediation in order to explain the existence of banks. In the traditional neoclassical models of resource allocation, financial intermediaries play no role. When markets are perfect and complete there is no need for intermediaries. But banks...
Persistent link: https://www.econbiz.de/10013112703
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Banking Goes Digital : The Adoption of FinTech Services by German Households
Jünger, Moritz - 2019
. Our results indicate that a household's level of trust and comfort with new technologies, financial literacy, and overall … transparency impact its propensity to switch to a FinTech. Specifically, households with low levels of trust, good financial …
Persistent link: https://www.econbiz.de/10012889034