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in shadow banking. BHCs can increase their fee income by guaranteeing sold projects with a recourse to the bank's balance … BHCs with small banks, and they dominate the shadow banking sector. …
Persistent link: https://www.econbiz.de/10010255024
We present a model of shadow banking in which financial intermediaries originate and trade loans, assemble these loans … expectations, the shadow banking system is stable and improves welfare. When investors and intermediaries neglect tail risks …
Persistent link: https://www.econbiz.de/10013123980
We present a model of shadow banking in which banks originate and trade loans, assemble them into diversified … diversification. The shadow banking system is stable and welfare improving under rational expectations, but vulnerable to crises and …
Persistent link: https://www.econbiz.de/10013101652
We present a model of shadow banking in which banks originate and trade loans, assemble them into diversified … diversification. The shadow banking system is stable and welfare improving under rational expectations, but vulnerable to crises and …
Persistent link: https://www.econbiz.de/10013106906
real economy is presented. The model allows a tidy comparison of relationship and shadow banking, interpreted as …, in turn, drive fluctuations in spending. The article finds that both relationship and shadow banking must have a pro …
Persistent link: https://www.econbiz.de/10012930485
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We present a model of shadow banking in which financial intermediaries originate and trade loans, assemble these loans … expectations, the shadow banking system is stable and improves welfare. When investors and intermediaries neglect tail risks …
Persistent link: https://www.econbiz.de/10012461542
By comparing uncollateralized business loans made by a big tech lending program with conventional bank loans, we find that big tech loans tend to be smaller and have higher interest rates and that borrowers of big tech loans tend to repay far before maturity and borrow more frequently. These...
Persistent link: https://www.econbiz.de/10013334379