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Intermediary-Based Loan Pricing
Mabille, Pierre; Wang, Olivier - 2021
drive the dynamic incidence of credit crises through impact and persistence …
Persistent link: https://www.econbiz.de/10013311061
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Lending Relationships and the Pricing of Syndicated Loans
Zhang, Donghang - 2020
Using a new dataset on syndicated loan primary market pricing adjustments, we examine whether relationship banks' information advantage facilitates price discovery in loan issuances. We find that the lead bank makes fewer adjustments to the initial pricing terms of a syndicated loan and shortens...
Persistent link: https://www.econbiz.de/10012844132
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Partisanship in Loan Pricing
Dagostino, Ramona; Gao, Janet; Ma, Pengfei - 2021
borrowers with limited alternative credit options. Our result is not explained by borrower or bank fundamentals but is …
Persistent link: https://www.econbiz.de/10013240698
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Bank leverage, credit and GDP in Switzerland : a VAR analysis 1987-2015
Kugler, Peter; Junge, Georg - 2017
leverage on GDP, credit and the interest rate spread. Increasing capital requirements for banks should therefore have no strong …
Persistent link: https://www.econbiz.de/10011667888
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Explaining the differences between local currency versus FX-denominated loans and deposits in the Central-Eastern European economies
Temesváry, Judit - 2014
Foreign currency-based loans and deposits became very popular in Central-Eastern European countries (CEECs) over the 2000-2011 period. This paper employs a structural approach to simultaneously examine the demand-side (consumer-related) and supply-side (bank-related) determinants of the quick...
Persistent link: https://www.econbiz.de/10010239275
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Credit valuation adjustment modelling during a global low interest rate environment
Macek, Petr; Teplý, Petr - 2015
the global over-the-counter (OTC) derivatives markets, where significant counterparty credit risk prevails. In this paper …, we deal with risk under Basel III banking regulation and provide credit valuation adjustment (CVA) modelling, which is a … measure of the market value of counterparty credit risk. We use simulated data to develop a stress test model to determine the …
Persistent link: https://www.econbiz.de/10010468530
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Do Multiple Credit Ratings Affect Syndicated Loan Spreads?
Drago, Danilo - 2019
We analyse whether soliciting multiple ratings leads to lower syndicated loan spreads. Our results document that banks apply, on average, lower spreads to multi-rated firms. This effect depends on the reduction of information asymmetry about borrowers' creditworthiness (information production...
Persistent link: https://www.econbiz.de/10012900023
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Economic Policy Uncertainty and Banks’ Loan Pricing
Ashraf, Badar Nadeem - 2019
Using news-based government economic policy uncertainty (EPU) index of Baker et al. (2016) and bank-level data from 17 countries over the period 1998-2012, we find that government economic policy uncertainty has significant positive association with interest rates on bank gross loans....
Persistent link: https://www.econbiz.de/10012859755
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Loan Pricing : Do Borrowers Benefit from Cost-Efficient Banking?
Schlueter, Tobias - 2015
This study examines the loan-pricing behavior of German banks for a large variety of retail and corporate loan products. We find that a bank's operational efficiency is priced in bank loan rates and alters interest-setting behavior. Specifically, we establish that a higher degree of operational...
Persistent link: https://www.econbiz.de/10013036385
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Interest Received by Banks During the Financial Crisis : LIBOR vs Hypothetical SOFR Loans
Jermann, Urban J. - 2020
The cumulative additional interest from LIBOR during the crisis is estimated to be between 1% to 2% of the notional amount of outstanding loans, depending on the tenor and type of SOFR rate used. The amount of LIBOR business loans owned by banks could have been as high as about 2trn, and the...
Persistent link: https://www.econbiz.de/10012831492