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I present a model in which credit and outside money can be used as means of payment in order to analyze how access to credit affects welfare when credit markets feature limited participation. Allowing more agents to use credit has an ambiguous effect on welfare because it may make...
Persistent link: https://www.econbiz.de/10013141929
Credit relationships between commercial banks and quoted firms are studied for the structure and its temporal change from the year 1980 to 2005. At each year, the credit network is regarded as a weighted bipartite graph where edges correspond to the relationships and weights refer to the amounts...
Persistent link: https://www.econbiz.de/10010298582
We present a new approach to understanding credit relationships between commercial banks and quoted firms, and with this approach, examine the temporal change in the structure of the Japanese credit network from 1980 to 2005. At each year, the credit network is regarded as a weighted bipartite...
Persistent link: https://www.econbiz.de/10010298627
largest U.S. banks had their senior unsecured bonds ranked pari-passu with bank deposits under the market conditions from 2006 … to 2015. Since 1994 senior bank bonds are subordinated to bank deposits in the event of liquidation. And during the … financial crises of 2008-2009 and 2011, the maximum 5-year bank credit spread among the four largest banks was over 400 basis …
Persistent link: https://www.econbiz.de/10012956317
A model of imperfectly competitive banks is examined under asymmetric information about borrower quality. Greater bank … empirical results on the relationship between bank competition and financial stability. The model can be used to define a …
Persistent link: https://www.econbiz.de/10013028276
The aim of this paper is to check the possible existence of a bank lending channel in France. For that purpose, we have … on bank lending …
Persistent link: https://www.econbiz.de/10013134954
supply factors, both for the whole 1993-2010 period and during periods of financial instability. Using bank-level panel data …
Persistent link: https://www.econbiz.de/10013101520
This article studied the relationship between credit advancement pattern over a certain horizon and the composition of credit committees in the top four South African commercial banks. The technique utilised for the purpose of obtaining empirical evidence is the content sensitive technique known...
Persistent link: https://www.econbiz.de/10013104017
We develop a model of bank lending that allows for credit rationing in equilibrium. Recognizing that small firms incur … a higher percentage cost of monitoring than large firms, the model shows that the incidence of bank credit rationing …
Persistent link: https://www.econbiz.de/10013107543
technique, the study shows that interbank borrowing has a significant impact on the bank credit, and an inverse relationship …
Persistent link: https://www.econbiz.de/10013065703