Showing 1 - 10 of 3,105
We analyze how two types of recently used prudential policies affected the supply of credit in the United States. First, we test whether the U.S. bank stress tests had any impact on the supply of mortgage credit. We find that the first Comprehensive Capital Analysis and Review (CCAR) stress test...
Persistent link: https://www.econbiz.de/10011629709
This paper assesses the relationship between the macroeconomic system and the banking sector by estimating two separate non-linear Vector Autoregressive models (VAR) for the US and Switzerland. The model specification includes the output gap, the interest rate, the in ation rate and a banking...
Persistent link: https://www.econbiz.de/10009702995
. This paper investigates whether diversification influences banks' investment (credit) policy and profitability. Diversified … banks appear to benefit from “coinsurance,” supply more credit, and seem more profitable. However, diversification does not … diversification may impact banks' credit supply and therefore the real economy …
Persistent link: https://www.econbiz.de/10011518813
This paper employs an Extreme Value Theory framework to investigate the existence of contagion between European and US banks. The fact that many regulators have no detailed data sets about interbank cross-exposures raises the necessity of finding market-based indicators in order to analyze the...
Persistent link: https://www.econbiz.de/10008758400
The 2008 financial crisis was the second instance since the Great Depression that many hundreds of financial institutions failed across the United States. The rescue staged by the federal government, however, was unprecedented in scale, involving an initial Congressional authorization of $700...
Persistent link: https://www.econbiz.de/10013047654
As the 2008 financial crisis spread globally, it became widely apparent that an essential ingredient to preventing future systemic crises was reform of the regulation of financial markets. Two ambitious initiatives for regulatory reform are the European Union's European System of Financial...
Persistent link: https://www.econbiz.de/10014186176
Persistent link: https://www.econbiz.de/10012651649
This paper assesses the spillover effects of the United States' unconventional monetary policy (i.e., quantitative easing programs adopted during 2008-2014) on the Asian credit market. With a focus on cross-border bank lending, we employed firm-level loan data with regard to the syndicated loan...
Persistent link: https://www.econbiz.de/10011576780
This paper examines the effect of foreign lending on the domestic lending for US global banks. We show that greater foreign loan growth complements, rather than detracts from, domestic commercial lending. Exploiting a confidential data (FFIEC 009) on international loan exposure of US banks, we...
Persistent link: https://www.econbiz.de/10014122704
We show that exported products exit the US market sooner if they violate the Heckscher-Ohlin notion of comparative advantage. Crucially, this pattern is stronger when exporting country has a well-developed banking system, measured by a high ratio of bank credit over the GDP. Banks thus push...
Persistent link: https://www.econbiz.de/10011346433