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In a relatively recent paper, Gehrig and Stenbacka (Eur Econ Rev 51, 77-99, 2007) show that information sharing increases banks' profits to the detriment of creditworthy entrepreneurs in a model of a banking duopoly with switching costs and poaching. They restrict their analysis to the case in...
Persistent link: https://www.econbiz.de/10010317121
For the sixth time, international academics and practitioners met for a successful credit risk conference. Keynote …, credit ratings and risk analysis. Digitization also leaves its mark in this area and requires, to varying degrees, a …
Persistent link: https://www.econbiz.de/10014524262
Benachteiligung des Mittelstands und auch nicht zu dem vielfach befürchteten Credit Crunch führen (muss)«. Für Gerhard Hofmann …
Persistent link: https://www.econbiz.de/10011691848
-pected to reduce agency costs, perceived credit risk and thus the request for personal collateral. Trustworthiness is associated …
Persistent link: https://www.econbiz.de/10010343140
and the lender is the agent. Our model considers structured asset-backed securitization with a credit enhancement …
Persistent link: https://www.econbiz.de/10011996550
The work of Diamond and Dybvig, 1983 is commonly understood as a theory of bank runs driven by self …-fulfilling prophecies. Their contribution may alternatively be interpreted as a theory for preventing these bank runs. Absent aggregate risk …-run equilibrium, which suggests that Diamond and Dybvig, 1983 can be understood as a theory of bank runs. The use of direct mechanisms …
Persistent link: https://www.econbiz.de/10012010005
We study whether a default option attached to non-recourse mortgages improves borrowers' surplus from mortgage financing. By defaulting on mortgage debt, borrowers can save their non-collateralized income from being foreclosed. In exchange, borrowers must forgo non-monetary surplus from...
Persistent link: https://www.econbiz.de/10012034835
I study whether self-fulfilling bank runs can occur when banks use sophisticated contracts and withdrawal decisions are public information. In a finite-agent version of Diamond and Dybvig (1983) with correlated types, I first present an example in which a bank run perfect Bayesian equilibrium...
Persistent link: https://www.econbiz.de/10014536954
The objective of this research is to examine the inter-bank network of clients as a channel for credit risk … transmission by groups of banks in Serbia characterized by different levels of credit risk (clusters). Two of the four observed …. The third group of banks (banks with high levels of credit risk) takes over the effects of systemic factors and transfers …
Persistent link: https://www.econbiz.de/10014558410
Within a framework of debt renegotiation and a priori private information, what is the role of outside and inside collateral? The literature shows that unobservability of the project’s returns implies that the high-risk borrower is more inclined to pledge outside collateral than is the...
Persistent link: https://www.econbiz.de/10011475773