Showing 1 - 10 of 2,658
This paper attempts to investigate the impact of credit information sharing on bank-specific stock price crash risk …. Using a sample of 1,402 listed-banks in 55 countries for the period 2005-2013, we show that credit information sharing … through public credit registries is negatively associated with future crash risk after controlling for other predictors of …
Persistent link: https://www.econbiz.de/10012926760
agents in the economy over time and space; they increase the money base through credit creation; they hold fractional … that enables the bank credit manufacturing process. In this way, all the banks become interdependent on the flow of … inter-bank clearing and credit arrangements provide this coordination at the inter-bank level, which is effectuated through …
Persistent link: https://www.econbiz.de/10012932483
This paper investigates how government-led banking liberalization affects credit allocation by banks using as a quasi … % increase in debt funding and more than 100-basis-point drop in interest costs despite their inferior credit quality. The debt …
Persistent link: https://www.econbiz.de/10012485371
effect of the reforms on overall credit supply, while at the same time documenting a substantial decline in borrower- and …
Persistent link: https://www.econbiz.de/10012299026
behavioral changes, we identify the impact of capital adequacy on the allocation of bank lending supply across low quality and …
Persistent link: https://www.econbiz.de/10002235059
This paper looks at the credit rating adjustments on Eurozone banks that followed the post-crisis regulation of bank … resolution in Europe in 2014. The empirical assessment analyses within-bank variation using the credit ratings of the major …, were subject to downward pressures; 2) however, credit rating agencies (CRAs) reacted in a variety of ways, moving to post …
Persistent link: https://www.econbiz.de/10013212631
In the aftermath of the Asian financial crisis of the late 1990s, many jurisdictions in Asia strengthened their approaches to loan loss provisioning, including the adoption of discretionary measures. This has contributed to stronger banking systems in the region
Persistent link: https://www.econbiz.de/10014200109
This paper uses branching and interstate banking deregulation as a natural experiment to explore the effect of agency cost on the use of bank loan commitments. A simple inventory-based model shows that lower agency cost facilitates more issuance of loan commitments because lower agency cost...
Persistent link: https://www.econbiz.de/10013133134
Exploiting differential interstate branching deregulation across contiguous counties of adjacent states, we investigate the effect of entry threat on incumbent banks' loan loss provisions. Incumbents exposed to entry threat have offsetting incentives; lower provisions make their loan...
Persistent link: https://www.econbiz.de/10012974743
loan syndicates. While the purpose of TARP was to stimulate the flow of credit during the economic downturn, the low cost … of capital could have functioned as a double-edged sword by imprudently increasing lenders' credit risk-appetite. Our … documenting a greater share of lead arranger commitment during a period of time when credit monitoring was strengthened …
Persistent link: https://www.econbiz.de/10013012954