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In this paper, which is the third installment of the author´s trilogy on margin loan pricing, we analyze 1367 monthly observations of the U.S. broker call money rate, e.g., the interest rate at which stockbrokers can borrow to fund their margin loans to retail clients. We describe the basic...
Persistent link: https://www.econbiz.de/10012150532
Purpose - This paper investigates the development of efficiency and the progress of banking integration in the European …, we apply a panel data model, in order to investigate the process of banking integration by testing for convergence and … for convergent clusters in banking efficiency. Findings - Our main findings show that the bank efficiency of the US is …
Persistent link: https://www.econbiz.de/10012887337
tests to establish the link between competition and measures of profit efficiency in banking, and find that competition …
Persistent link: https://www.econbiz.de/10003789457
seem to matter a great deal. -- Relationship banking ; bank organization ; bank origin ; loan announcement return …
Persistent link: https://www.econbiz.de/10003832012
The policy debate on whether to strengthen or to remove the legal barriers between banking and commerce has paid little … part of a two-part study, provides an overview of the potential gains of integrating banking and commerce. Economic theory ….S. experience with limited openings between banking and nonbank activities suggests that the most common combinations were banks …
Persistent link: https://www.econbiz.de/10003847359
possible benefits from combining banking and commerce, including portfolio diversification, the creation of internal capital … specific industries they choose, while corporate management interested in moving into banking might need to settle for somewhat … lower returns to achieve a substantial reduction in risk. -- banking and commerce ; portfolio diversification …
Persistent link: https://www.econbiz.de/10003847363
summarizing conditions in the banking sector. We use data of more than 1,500 commercial banks from the U.S. call reports to … address the following questions. How are macroeconomic shocks transmitted to bank risk and other banking variables? What are …
Persistent link: https://www.econbiz.de/10008697445
We augment a standard monetary DSGE model to include a banking sector and financial markets. We fit the model to Euro …
Persistent link: https://www.econbiz.de/10003973320
We address two questions: (i) Are bank capital structure and value correlated in the cross section, and if so, how? (ii) If bank capital does affect bank value, how are the components of bank value affected by capital? We first develop a dynamic model with a dissipative cost of bank capital that...
Persistent link: https://www.econbiz.de/10003947552
overall impact of the program. -- Financial crisis ; banking ; derivative pricing ; convertible preferred ; risk management …
Persistent link: https://www.econbiz.de/10003948201