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Shadow banking : financial intermediation beyond banks
Adrian, Tobias; Chrétien, Edouard; Chui, Michael; … - Shadow Banking: Financial Intermediation beyond Banks …; … - 2018
Persistent link: https://www.econbiz.de/10011790739
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Traditional banks, shadow banks and the US credit boom : credit origination versus financing
Unger, Robert - 2016
The US credit boom has been identified as one of the causes of the global financial crisis and the resulting debt overhang is seen as the primary reason for the weak economic recovery. Most of the existing literature links the credit boom to the emergence of the shadow banking system. This paper...
Persistent link: https://www.econbiz.de/10011456517
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Peer-to-Peer lending : a (financial stability) risk perspective
Käfer, Benjamin - In: Review of economics 69 (2018) 1, pp. 1-25
Persistent link: https://www.econbiz.de/10012010156
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Macroprudential policy and the revolving door of risk : lessons from leveraged lending guidance
Kim, Sooji; Plosser, Matthew C.; Santos, João A. C. - 2017
We investigate the U.S. experience with macroprudential policies by studying the interagency guidance on leveraged lending. We find that the guidance primarily impacted large, closely supervised banks, but only after supervisors issued important clarifications. It also triggered a migration of...
Persistent link: https://www.econbiz.de/10011657569
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Determinants of borrowers' default in P2P lending under consideration of the loan risk class
Polena, Michal; Regner, Tobias - 2016
We study the determinants of borrowers' default in P2P lending with a new data set consisting of 70,673 loan observations from Lending Club. Previous research identified a number of default determining variables but did not distinguish between different loan risk levels. We define four loan risk...
Persistent link: https://www.econbiz.de/10011572701
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Determinants of borrowers' default in P2P lending under consideration of the loan risk class
Polena, Michal; Regner, Tobias - In: Games 9 (2018) 4/82, pp. 1-17
We study the determinants of borrowers’ default in P2P lending with a new data set consisting of 70,673 loan observations from the Lending Club. Previous research identified a number of default determining variables but did not distinguish between different loan risk levels. We define four...
Persistent link: https://www.econbiz.de/10011993331
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Friend or foe? : crowdfunding versus credit when banks are stressed
Blaseg, Daniel; Koetter, Michael - 2015
Does bank instability push borrowers to use crowdfunding as a source of external finance? We identify stressed banks … and link them to a unique, manually constructed sample of 157 new ventures seeking equity crowdfunding. The sample … comprises projects from all German equity crowdfunding platforms since 2011, which we compare with 200 ventures that do not use …
Persistent link: https://www.econbiz.de/10011317927
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The use of collateral in formal and informal lending : conference paper
Kislat, Carmen; Menkhoff, Lukas; Neuberger, Doris - 2013
The ex ante theory of collateral states that better informed lenders, such as informal lenders, rely less on collateral. We test this by contrasting the use of collateral between formal and informal lenders in the same market. Indeed, formal lenders rely more often on collateral, controlling for...
Persistent link: https://www.econbiz.de/10010342166
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Shadow Banking in a Crisis : Evidence from FinTech During COVID-19
Bao, Zhengyang; Huang, Difang - 2021
We analyze lending by traditional as well as FinTech lenders during COVID-19. Comparing samples of FinTech and bank loan records across the outbreak, we find that FinTech companies are more likely to expand credit access to new and financially constrained borrowers after the start of the...
Persistent link: https://www.econbiz.de/10013247515
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Collateral Risk, Repo Rollover and Shadow Banking
Zhang, Shengxing - 2014
I build a dynamic model of the shadow banking system that intermediates funds through the interbank repo market to understand its failing mechanism during the recent financial crisis. The model emphasizes a key friction, the maturity mismatch between short-term repo and long-term investments...
Persistent link: https://www.econbiz.de/10013047310