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The dynamics of non-performing loans during banking crises : a new database
Ari, Anil; Chen, Sophia; Ratnovski, Lev - 2020
This paper presents a new dataset on the dynamics of non-performing loans (NPLs) during 88 banking crises since 1990. The data show similarities across crises during NPL build-ups but less so during NPL resolutions. We find a close relationship between NPL problems-elevated and unresolved...
Persistent link: https://www.econbiz.de/10012206258
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The dynamics of non-performing loans during banking crises : a new database
Ari, Anil; Chen, Sophia; Ratnovski, Lev - 2019
This paper presents a new dataset on the dynamics of non-performing loans (NPLs) during 88 banking crises since 1990. The data show similarities across crises during NPL build-ups but less so during NPL resolutions. We find a close relationship between NPL problems-elevated and unresolved...
Persistent link: https://www.econbiz.de/10012155002
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Trading for bailouts
Ahnert, Toni; Machado, Caio; Pereira, Ana Elisa Gonçalves - 2020 - Last updated: June 4, 2020
Government interventions such as bailouts are often implemented in times of high uncertainty. Policymakers may therefore rely on information from financial markets to guide their decisions. We propose a model in which a policymaker learns from market activity and where market participants have...
Persistent link: https://www.econbiz.de/10012243366
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Search for yield
Martinez-Miera, David; Repullo, Rafael - 2015
Persistent link: https://www.econbiz.de/10011408359
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Benign neglect of covenant violations : blissful banking or ignorant monitoring?
Colonnello, Stefano; Koetter, Michael; Stieglitz, Moritz - 2019
Theoretically, bank's loan monitoring activity hinges critically on its capitalisation. To proxy for monitoring … governance of the firm. Exploiting granular bank-firm relationships observed in the syndicated loan market, we document …
Persistent link: https://www.econbiz.de/10011960127
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Default risk in an interconnected banking system with endogeneous asset markets
Bluhm, Marcel; Krahnen, Jan Pieter - 2011
This paper analyzes the emergence of systemic risk in a network model of interconnected bank balance sheets. Given a … shock to asset values of one or several banks, systemic risk in the form of multiple bank defaults depends on the strength … of balance sheets and asset market liquidity. The price of bank assets on the secondary market is endogenous in the model …
Persistent link: https://www.econbiz.de/10009295542
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Exploring interactions between real activity and the financial stance
Jacobson, Tor; Lindé, Jesper; Roszbach, Kasper - 2005
In this paper we empirically study interactions between real activity and the financial stance. Using aggregate data we examine a number of candidate measures of the financial stance of the economy. We find strong evidence for substantial spillover effects on aggregate activity from our...
Persistent link: https://www.econbiz.de/10011584069
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How to measure financial (in)stability in emerging Europe?
Jakubík, Petr; Slačík, Tomáš - 2013
The importance of assessing financial stability in emerging Europe has increased rapidly since the recent financial crisis. Against this background, in the present paper we contribute to the existing literature in a twofold way: First, by using a broad range of indicators from money, bond,...
Persistent link: https://www.econbiz.de/10009792244
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The procyclicality of banking : evidence from the euro area
Huizinga, Harry; Laeven, Luc - 2019
Persistent link: https://www.econbiz.de/10012127821
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Financial crisis resolution
Schroth, Josef - 2012
-efficient allocation that limits bank size. …
Persistent link: https://www.econbiz.de/10009691196