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stressed credit markets and confirms their superior performance in explaining the behavior of Credit Default Swap rates for the …
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question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …
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hypothesis of safe asset shortage-induced excess credit booms and financial instability. As an alternative step forward from the …. Using the index, consecutive empirical exercises confirm the positive relationship of safe asset shortage-credit expansion …-2013 presents new evidence that the (high) level of private credit at a time of increasing safe asset shortage is the major …
Persistent link: https://www.econbiz.de/10012253869
negative association between credit use and public support for redistribution. …Credit affects individuals’ perceptions and experiences of inequality. Having access to credit enables those in lower …, thereby taking the edge off discontent. Citizens with higher incomes who tend to be less supportive of redistribution in the …
Persistent link: https://www.econbiz.de/10011311143
negative association between credit use and public support for redistribution …Credit affects individuals' perceptions and experiences of inequality. Having access to credit enables those in lower …, thereby taking the edge off discontent. Citizens with higher incomes who tend to be less supportive of redistribution in the …
Persistent link: https://www.econbiz.de/10012937084
"We offer a new explanation of loan syndicate structure based on banks' comparative advantage in managing systematic liquidity risk. When a syndicated loan to a rated borrower has systematic liquidity risk, the fraction of passive participant lenders that are banks is about 8% higher than for...
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