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stressed credit markets and confirms their superior performance in explaining the behavior of Credit Default Swap rates for the …
Persistent link: https://www.econbiz.de/10012954808
The impact of U.S. bank loan announcements on the stock prices of the corporate borrowers has been decreasing during … jump back up to around 200 basis points. We surmise that in a booming credit market the certification of corporate …
Persistent link: https://www.econbiz.de/10010412303
first examine the impact of economic policy uncertainty on aggregate bank credit growth. Then we analyze commercial bank … macroeconomic controls, economic policy uncertainty affected bank level credit growth, and (ii) whether there is variation in the … on bank credit growth. Since this impact varies meaningfully with some bank characteristics - particularly the overall …
Persistent link: https://www.econbiz.de/10011567894
The post-crisis period has seen a considerable shift in the composition and drivers of international bank lending and … "taper tantrum", and then partially reverted towards pre-crisis levels. Conversely, the responsiveness of international bank … securities. The increased sensitivity of international bank flows to US monetary policy has been driven mainly by post …
Persistent link: https://www.econbiz.de/10012954014
The post-crisis period has seen a considerable shift in the composition and drivers of international bank lending and … international bank lending to global risk conditions declined considerably after the crisis and became similar to that of … international debt securities. The increased sensitivity of international bank flows to U.S. monetary policy has been driven mainly …
Persistent link: https://www.econbiz.de/10011671045
. We propose an identification strategy which exploits the ownership structureof bank holding companies. We find that TARP …
Persistent link: https://www.econbiz.de/10011410414
weather conditions. This paper provides the theoretical framework to study the impact of weather through its influence on bank … manager's mood on bank inefficiency. In particular, we provide empirical evidence of the dynamic interactions between weather … and bank loan inefficiency, using a panel data set that includes 69 banks operating in the US spanning the period 1994 to …
Persistent link: https://www.econbiz.de/10009565392
The widespread evidence of multiple bank lending relationships in credit markets suggests that firms are interested in …
Persistent link: https://www.econbiz.de/10009580552
This paper derives a bank capital allocation model and applies it in the determinants of securitization. According to … Bank for International Settlements (BIS), banks are required to prepare regulatory capital for investment and loans, based … securitized to cash. Obviously, there is a trade-off between risk and return so that a bank could choose an optimal ratio of …
Persistent link: https://www.econbiz.de/10013129025
the distribution of risk via credit supply. For identification, we exploit exhaustive US loan-level data since the 1990s …, borrowerlender relationships and Gertler-Karadi monetary policy shocks. Higher policy rates shift credit supply from banks to …, higher policy rates increase risk-taking, as less-regulated, fragile nonbanks -in all credit markets- expand supply to …
Persistent link: https://www.econbiz.de/10013259697