This paper studies the bank-level (size and access to funds) and market-based (interest rate, inflation rate, GDP) variables’ impact on bank lending behavior in Turkey using quarterly bank level data of 15 private commercial banks and 3 state-owned banks for the 2003-2012 period. The empirical...

Quality of asset and efficiency of bank is highly correlated. The efficiency of banking in post-liberalization period is judged not only based of its profitability but also on quality of assets it holds. Non Performing Asset (NPA) is the foremost threat for banking stability and growth. Against...

Due to its known weaknesses Value at Risk (VaR) has been modified to have a better market risk measurement model. 2007-2008 global financial crisis has increased the necessity to incorporate market liquidity into widely used models. This is to raise the required regulatory capital for trading...

The study investigates what causes non-performing loans (NPLs) in developed and developing countries. To identify the relationship between bank-specific, macroeconomic determinants, and institutional environment non-performing loans on country-level panel data of Developing nations for the...

This paper analyzes the impact of US firms’ equity risk on bank lending standards and on the macroeconomy for two groups: small and medium-large firms. The results indicate that a higher level of firm risk leads to a higher percentage of banks tightening their lending standards on commercial...

Kein Thema stiftet mehr Verwirrung auf der Welt als das der „Schulden“. Bei keinem Thema gibt es größeren Aufklärungsbedarf, weil kein Thema für die Wirtschaftspolitik und insbesondere für die europäische Wirtschaftspolitik von größerer Bedeutung ist. Überall ist von Überschuldung...

Finanzkrisen hatten immer beträchtliche wirtschaftliche Einbußen und hohe soziale Kosten zur Folge. So war es bei der Weltwirtschaftskrise 1929, aber auch bei der jüngsten Finanzkrise 2008/2009. Damit verbunden waren nicht nur tiefe Einschnitte für die Finanz- und die Realwirtschaft, sie...

Systemic risk events constitute an important issue in current financial systems. A leading course of action used to mitigate such events is identification of systemically important agents in order to implement the prudential policies in a financial system. In this paper, a bi-level...

The objective of this study is to develop a qualitative model supporting chief financial officers (CFOs) while considering the timing of initial public offerings (IPOs) under conditions of underdeveloped capital markets, where decision making is often made under information shortage. A lack of...