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Financial Covenants, Credit Risk, and the Resolution of Uncertainty
Demerjian, Peter R. - 2010
I examine the role of financial covenants in private debt contracts. I predict that financial covenants help limit ex ante uncertainty about the borrower's performance - the risk that the borrower will default on the loan - in the contract. I find that covenant inclusion is positively related to...
Persistent link: https://www.econbiz.de/10013147441
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Exploring risks in syndicated loan networks : evidence from real estate investment trusts
Kanno, Masayasu - In: Economic modelling 115 (2022), pp. 1-13
Persistent link: https://www.econbiz.de/10014228675
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Bank risk taking, credit booms and monetary policy : conference paper
Afanasyeva, Elena; Guentner, Jochen - 2014 - Very preliminary and incomplete, This version: February 28, 2014
This paper investigates the risk-taking channel of monetary policy on the asset side of banks' balance sheets. We use a factor-augmented vector autoregression (FAVAR) model to show that aggregate lending standards of U.S. banks, e.g. their collateral requirements for firms, are significantly...
Persistent link: https://www.econbiz.de/10010485247
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Micro-assessment of macroprudential borrower-based measures in Lithuania
Dirma, Mantas; Karmelavičius, Jaunius - 2023
Persistent link: https://www.econbiz.de/10013502304
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The risk of development of Lithuanian derivatives markets
Garškaitė-Milvydienė, Kristina - In: Journal of business economics and management 22 (2021) 2, pp. 346-368
financial crisis, and the recent situation in Lithuania. In particular, growing international tension and deteriorating economic …
Persistent link: https://www.econbiz.de/10012506089
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The countercyclical capital buffer and the composition of bank lending
Auer, Raphael A.; Matyunina, Alexandra; Ongena, Steven - 2021
question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …
Persistent link: https://www.econbiz.de/10012643066
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The nexus of safe asset shortage, credit growth, and financial instability
Kim, Sujin - 2020
hypothesis of safe asset shortage-induced excess credit booms and financial instability. As an alternative step forward from the …. Using the index, consecutive empirical exercises confirm the positive relationship of safe asset shortage-credit expansion …-2013 presents new evidence that the (high) level of private credit at a time of increasing safe asset shortage is the major …
Persistent link: https://www.econbiz.de/10012253869
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The countercyclical capital buffer and the composition of bank lending
Auer, Raphael A.; Ongena, Steven - 2016
Persistent link: https://www.econbiz.de/10011609882
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The countercyclical capital buffer and the composition of bank lending
Auer, Raphael A.; Ongena, Steven - 2019
question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …
Persistent link: https://www.econbiz.de/10012064522
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The countercyclical capital buffer and the composition of bank lending
Auer, Raphael A.; Ongena, Steven - 2019
Persistent link: https://www.econbiz.de/10012183010