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Insurance, weather, and financial stability
Kahn, Charles M.; Panjwani, Ahyan; Santos, João A. C. - 2024
In this paper, we introduce a model to study the interaction between insurance and banking. We build on the Federal … Crop Insurance Act of 1980, which significantly expanded and restructured the decades-old federal crop insurance program … our model. Banks increased lending to the agricultural sector in counties with higher insurance coverage after 1980, even …
Persistent link: https://www.econbiz.de/10014551978
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Accounting for financial stability : lessons from the financial crisis and future challenges
Bischof, Jannis; Laux, Christian; Leuz, Christian - 2020
This paper examines banks' disclosures and loss recognition in the financial crisis and identifies several core issues for the link between accounting and financial stability. Our analysis suggests that, going into the financial crisis, banks' disclosures about relevant risk exposures were...
Persistent link: https://www.econbiz.de/10012241734
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Portfolio Diversification in Concentrated Bond and Loan Portfolios
Kupiec, Paul - 2015
I develop an algorithm to approximate the loss rate distribution for fixed income portfolios with obligor concentrations. The approximation requires no advanced mathematics or statistics, only the summation of large exposures and the evaluation of binomial probabilities. The approximation is...
Persistent link: https://www.econbiz.de/10013025054
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Bank Diversification and Lending Resiliency
Gelman, Michael; Goldstein, Itay; MacKinlay, Andrew - 2022
In this paper, we show the benefits of bank asset diversification for the economy. A more diversified stream of earnings enables banks to better absorb negative shocks, leading to increased and more stable lending. This, in turn, provides positive spillovers to the economy. We demonstrate that...
Persistent link: https://www.econbiz.de/10013404946
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Evolution of Debt Financing toward Less-Regulated Financial Intermediaries in the United States
Erel, Isil; Inozemtsev, Eduard - National Bureau of Economic Research - 2024
Nonbank lenders have been playing an increasing role in supplying debt, especially after the Great Recession. How important are the distortions in the greater regulation of banks that differentially limit risk-taking across alternative providers of credit? How might the growing role of nonbanks...
Persistent link: https://www.econbiz.de/10014486206
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The Secular Decline of Bank Balance Sheet Lending
Buchak, Greg; Matvos, Gregor; Piskorski, Tomasz; Seru, Amit - National Bureau of Economic Research - 2024
The traditional model of bank-led financial intermediation, where banks issue demandable deposits to savers and make informationally sensitive loans to borrowers, has seen a dramatic decline since 1970s. Instead, private credit is increasingly intermediated through arms-length transactions, such...
Persistent link: https://www.econbiz.de/10014486266
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Explaining the Differences between Local Currency versus FX-denominated Loans and Deposits in the Central-Eastern European Economies
Temesváry, Judit - 2014
Foreign currency-based loans and deposits became very popular in Central-Eastern European countries (CEECs) over the 2000-2011 period. This paper employs a structural approach to simultaneously examine the demand-side (consumer-related) and supply-side (bank-related) determinants of the quick...
Persistent link: https://www.econbiz.de/10010494594
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Explaining the differences between local currency versus FX-denominated loans and deposits in the Central-Eastern European economies
Temesváry, Judit - 2014
Foreign currency-based loans and deposits became very popular in Central-Eastern European countries (CEECs) over the 2000-2011 period. This paper employs a structural approach to simultaneously examine the demand-side (consumer-related) and supply-side (bank-related) determinants of the quick...
Persistent link: https://www.econbiz.de/10010239275
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Explaining the Differences between Local Currency versus FX-denominated Loans and Deposits in the Central-Eastern European Economies
Temesváry, Judit - Közgazdaság-tudományi Intézet, Közgazdaság- és … - 2014
Foreign currency-based loans and deposits became very popular in Central-Eastern European countries (CEECs) over the 2000-2011 period. This paper employs a structural approach to simultaneously examine the demand-side (consumer-related) and supply-side (bank-related) determinants of the quick...
Persistent link: https://www.econbiz.de/10010941769
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Concentration of credit exposure as a significant source of risk in banking activities : the idea and methods of estimation
Kozak, Sylwester - In: E-Finanse : finansowy kwartalnik internetowy 11 (2015) 3, pp. 103-115
The simultaneous activation of many sources of risk can slow bank operations and even lead to bankruptcy. Credit risk is the greatest threat to the orderly functioning of a bank. To protect against its materialization banks spend nearly 90% of their total capital requirement. Concentration of...
Persistent link: https://www.econbiz.de/10011455469