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contributes to the literature on interconnectedness, credit risk, and systemic risk in J-REIT's syndicated loan network …
Persistent link: https://www.econbiz.de/10013406332
estimate the value that membership in large yet diffuse networks brings in terms of access to bank credit and improving … percent of all firms, it accesses two-thirds of all bank credit. We estimate the value of joining this giant network by …
Persistent link: https://www.econbiz.de/10013068571
We build a commercial credit network, identify the most central economic sectors in terms of commercial debt, and …," "manufacturing," and "transportation, storage, and communication" are the most central sectors in the commercial credit network. In a … sectors. The results highlight the importance of having a good estimation of commercial credit interlinks for financial …
Persistent link: https://www.econbiz.de/10012659012
This paper proposes a stochastic model of a bipartite credit network between banks and the non-bank corporate sector … number of loans seems fuzzy. Distinguishing between contagion due to interbank credit and due to joint exposures to …
Persistent link: https://www.econbiz.de/10010407492
to competitors in a bank's lending decision? ii) does lending close to competitors substitute for existing credit or …
Persistent link: https://www.econbiz.de/10012855624
The paper investigates the role of network centrality in predicting borrowers' and lenders' behavior in peer-to-peer (P2P) lending. The empirical analysis of data from Renrendai, a leading lending platform in the People's Republic of China, reveals that the lenders who are at the center of a...
Persistent link: https://www.econbiz.de/10012165292
Bank credit, as a means of payment, circulates in a circuit: It is first originated from the banking system, then used …, the credit circulation affects lending efficiency, because banks internalize the effect that a fraction of their credit …
Persistent link: https://www.econbiz.de/10014239417
We represent the market for syndicated loans as a dynamic financial network and find that financial institutions have developed strong cross-border linkages over the 2000–2019 period. The most-connected financial institutions hold large shares of leveraged and covenant-lite loans. Our analysis...
Persistent link: https://www.econbiz.de/10013403964
The paper argues that networked firms are likely to have an advantage in securing external finance in countries with weak legal and judicial institutions since it helps financial institutions to minimize the underlying agency costs of lending. An analysis of recent BEEPS data from fifteen...
Persistent link: https://www.econbiz.de/10009307402
The paper argues that the networked firms have an advantage in securing bank finance in countries with weak legal and judicial institutions. An analysis of recent BEEPS data from sixteen CEE transition countries lends some support to this hypothesis. Firms affiliated to business associations are...
Persistent link: https://www.econbiz.de/10013154767