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Bank of Italy and the Central Credit Register over the period 2006-2009. Our analysis demonstrates that collateral affects … the cost of credit of Italian firms by systematically reducing the interest rate of secured loans, while personal …
Persistent link: https://www.econbiz.de/10013110432
Persistent link: https://www.econbiz.de/10010527146
This paper examines the impact of the recent global financial crisis on the cost of debt capital (syndicated loans) in a leading emerging market, namely China, using difference-in-differences and GARCH approaches. Before the crisis China adopted banking reforms allowing entry of foreign banks...
Persistent link: https://www.econbiz.de/10010518789
This paper examines the impact of the recent global financial crisis on the cost of debt capital (syndicated loans) in a leading emerging market, namely China, using difference-in-differences and GARCH approaches. Before the crisis China adopted banking reforms allowing entry of foreign banks...
Persistent link: https://www.econbiz.de/10010519820
Persistent link: https://www.econbiz.de/10011705908
The cumulative additional interest from LIBOR during the crisis is estimated to be between 1% to 2% of the notional amount of outstanding loans, depending on the tenor and type of SOFR rate used. The amount of LIBOR business loans owned by banks could have been as high as about 2trn, and the...
Persistent link: https://www.econbiz.de/10012831492
Persistent link: https://www.econbiz.de/10012176242
fluctuations, in line with prominent roles played by the credit crunch and collapse of the asset-backed security market in the … riskiness of borrowers. By using loan approval probability as a screening device, banks ration credit following financial …
Persistent link: https://www.econbiz.de/10012034334
Persistent link: https://www.econbiz.de/10012178367
This paper explores the impact of international financial integration on credit markets in Latin America, using a cross … international financial shocks on aggregate credit and interest rate fluctuations. Nonetheless, the net impact of integration on … deepening credit markets dominates for the large majority of states of nature. The paper also uses a detailed bank-level dataset …
Persistent link: https://www.econbiz.de/10010247923