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Regional Bank Efficiency and its Effect on Regional Growth in Normal and Bad Times
Haskamp, Ulrich; Setzer, Ralph; Belke, Ansgar - 2015
The financial crisis affected regions in Europe in a different magnitude. We examine whether regions which incorporate banks with a higher intermediation quality grow faster using a sample which includes the aftermath of the financial crisis. We measure the intermediation quality of a bank by...
Persistent link: https://www.econbiz.de/10011301420
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Monetary policy under the microscope: Intra-bank transmission of asset purchase programs of the ECB
Cycon, Lisa; Koetter, Michael - 2015
Based on detailed loan portfolio data of a top-20 universal bank in Germany, we investigate the effect of unconventional monetary policy on corporate loan pricing. We can decompose corporate lending rates, thereby shedding light on intra-bank transmission of monetary policy. We identify policy...
Persistent link: https://www.econbiz.de/10011301427
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Holes in the Dike: the global savings glut, U.S. house prices and the long shadow of banking deregulation
Stewen, Iryna; Hoffmann, Mathias - 2015
We explore empirically how capital inflows into the US and financial deregulation within the United States interacted in driving the run-up (and subsequent decline) in US housing prices over the period 1990-2010. To obtain an ex ante measure of financial liberalization, we focus on the history...
Persistent link: https://www.econbiz.de/10011301430
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Don't Stop Me Now: The Impact of Credit Market Segmentation on Firms' Financing Constraints
Bremus, Franziska Maria; Neugebauer, Katja - 2015
In this paper, we investigate how the withdrawal of banks from their cross-border business has impacted on firms' borrowing costs since the recent crisis. We combine aggregate information on total and cross-border credit with firm-level data from the Survey on the Access to Finance of SMEs in...
Persistent link: https://www.econbiz.de/10011301453
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Safe, or not safe? Covered bonds and Bank Fragility
Ahnert, Toni; Anand, Kartik; Gai, Prasanna; Chapman, James - 2015
We explore the relationship between asset encumbrance and bank funding in the context of covered bonds a form of collateralized debt. Covered bond issuance influences the incidence of bank runs by unsecured creditors and, in turn, conditions in the unsecured funding market influence the bank s...
Persistent link: https://www.econbiz.de/10011301471
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How Do Political Factors Shape the Bank Risk-Sovereign Risk Nexus in Emerging Markets?
Eichler, Stefan - 2015
This paper studies the role of conditioning political factors for determining the impact of banking crises on sovereign bond yield spreads for a sample of 33 emerging economies in the period 1995-2010. Accounting for the endogenous nature of banking crisis outbreaks, I find that sovereign bond...
Persistent link: https://www.econbiz.de/10011301473
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The Role of Corporate Culture in the Financial Industry
Barth, Andreas - 2015
-taking and analyze empirically the impact of corporate culture on banks' risk-taking as well as on banks' performance. More … workers. In a second step, we combine the role of corporate culture with the literature on CEO compensation and risk … competition-oriented corporate culture is associated with a higher credit risk as well as with a higher buy-and-hold stock market …
Persistent link: https://www.econbiz.de/10011301518
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Providing Insurance for Good Repayment Performance: The Individual Emergency Fund, Philippines
Kemper, Niels; Frölich, Markus; Naima Unte, Pia - 2015
Asymmetric information impairs the functioning of credit markets, in particular in developing countries where incomplete property rights and lack of collateral are a common joint occurrence. In such an environment financial institutions enable lending by transferring the responsibilities for the...
Persistent link: https://www.econbiz.de/10011301523
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The Exposure of Microfinance Institutions to Financial Risk
Gietzen, Thomas - 2015
) risk. It builds on a manually collected set of data on the maturity structure of assets and liabilities of the 309 largest …, microfinance institutions in the sample face virtually no liquidity risk and that exposure to FX risk is lower than generally … assumed. Linking risk exposure to institutional characteristics, I find that legal status and regional affiliation are …
Persistent link: https://www.econbiz.de/10011301531
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Friendship and money, oil and water? Credit constraints and "Family and Friends" finance
Wiegand, Manuel - 2015
The use of informal finance is primarily discussed in the context of developing countries and start-up businesses. Survey data used in this study, however, shows that ``Family and Friends'' (F\&F) finance is also remarkably widespread among established firms in Germany, a highly developed...
Persistent link: https://www.econbiz.de/10011301561