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As financial institutions and policymakers worldwide are considering how to integrate sustainability considerations throughout financial systems, a critical question is whether banks can effectively assess and monitor borrowers' environmental credit risk. China's green credit reforms, part of...
Persistent link: https://www.econbiz.de/10012899995
Using a sample from 38 economies, we examine the relation between bank regulators’ supervisory power and loan spreads. We find that loans issued by banks in economies with more powerful supervisors have higher spreads. The positive association is more pronounced when firms have lower credit...
Persistent link: https://www.econbiz.de/10013239908
commercial and investment banking that was central to the Glass-Steagall Act and is again resurgent with the Volcker Rule. Second …
Persistent link: https://www.econbiz.de/10013062453
to the decreased availability of external finance in response to stronger debtor rights — an effect amplified in … industries with a high dependence on external finance. Hence, while it is typically assumed that stronger debtor protection … tightening the availability of external finance to innovators …
Persistent link: https://www.econbiz.de/10013007582
recently the importance of both US and Euro Area (EA) financial/banking sectors' related variables. Our contribution is the …
Persistent link: https://www.econbiz.de/10012859870
Because state anti-deficiency statutes rarely change over time, the opportunity to test the importance of recourse for the mortgage market is limited. I exploit the bankruptcy reform in 2005 (which effectively strengthens recourse) as a quasi-natural experiment to show that aggregate quantity of...
Persistent link: https://www.econbiz.de/10013055591
economic function of the traditional banking system is to act as a shock absorber for the liquidity crises that are inherent to …
Persistent link: https://www.econbiz.de/10012994304
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