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Falling Use of Cash and Demand for Retail Central Bank Digital Currency
Khiaonarong, Tanai; Humphrey, David - 2022
Cash use in most countries is falling slowly. On the margin, younger adults favor cash substitutes over cash. For older adults it is the reverse. Revealed preference tied to a changing population age structure seems to be the main influence on the demand for cash and why it is falling. Cash use...
Persistent link: https://www.econbiz.de/10013295132
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Mergers and acquisitions and bank performance in Europe
Altunbas, Yener - Marqués-Ibáñez, David - 2004
-merger financial performance. We find that, on average, bank mergers in the European Union resulted in improved return on capital. By … acquisitions (M&As), differences of merging partners in their loan and credit risk strategies are conducive to a higher performance … counterproductive from a performance standpoint. …
Persistent link: https://www.econbiz.de/10009639458
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Banking consolidation and small business lending
Takáts, Előd - 2004
The paper investigates small business lending as an information problem. It models the effects of information asymmetries within the bank combined with fixed wages. Two kinds of inefficiencies arise in equilibrium: the credit officer either sometimes shirks or he is occasionally fired. In both...
Persistent link: https://www.econbiz.de/10009639467
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Interbank market integration, loan rates, and firm leverage
Ongena, Steven; Popov, Alexander - 2010
We study the effect of interbank market integration on small firm finance in the build-up to the 2007-2008 financial crisis. We use a comprehensive data set that contains contract terms on individual loans to 6,047 firms across 14 European countries between 1998:01 and 2005:12. We account for...
Persistent link: https://www.econbiz.de/10009640288
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Bulgarian banking : looking for sustainability
Minasjan, Garabed A. - In: Contemporary economics 7 (2013) 3, pp. 95-114
In this work, we trace and analyze the emergence of the crisis in the Bulgarian banking system as well as the behavior of the central bank and other macroeconomic institutions. The average annual rate of growth in the net profits of the commercial banks for the period 2002-2008 amounted to...
Persistent link: https://www.econbiz.de/10010228493
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Legal Authority in Unusual and Exigent Circumstances : The Federal Reserve and the Financial Crisis
Mehra, Alexander - 2011
This Article considers the scope of the Federal Reserve's emergency loan-making powers and analyzes their use during the recent financial crisis. It argues that many of the Fed's responses to the crisis exceeded the bounds of its statutory authority.In unusual and exigent circumstances, § 13(3)...
Persistent link: https://www.econbiz.de/10013126128
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The Financial Crisis of 2007/2008 : Misaligned Incentives, Bank Mismanagement, and Troubling Policy Implications
Prager, Jonas - 2012
. Presumably because compensation was predicated on short-term performance to the neglect of long-term outcomes, participants in …
Persistent link: https://www.econbiz.de/10013104455
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The Effect of Monetary Policy Interventions on Stock Markets and G-SIFIs during the Crisis
Fiordelisi, Franco - 2013
Central banks have run during the crisis a wide set of monetary policy interventions using new instruments and techniques to restore the monetary stability and thus re-establish the stability of financial (and banking) systems. We analyze the effect of monetary policy interventions on stock...
Persistent link: https://www.econbiz.de/10013089313
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Monetary Policy and Bank Lending in China — Evidence from Loan-Level Data
He, Dong - 2013
We investigate how monetary policy in a mixed financial system such as that of China, which is characterized by a juxtaposition of quantity- and price-based policy instruments and the co-existence of regulated and market-determined interest rates, affects bank lending. Using a newly constructed...
Persistent link: https://www.econbiz.de/10013073791
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U.S. Monetary Policy Transmission and Liquidity Risk Premia Around the World
Karolyi, George Andrew - 2019
We uncover a link between U.S. monetary policy and liquidity risk premia in stock markets around the world. Liquidity risk premia vary considerably over time and strongly co-move across countries. They are significantly lower when U.S. monetary policy tightens. A positive shock to the Federal...
Persistent link: https://www.econbiz.de/10012869570