Showing 1 - 10 of 1,376
Stylized data shows a structural break in the integration of lending markets which coincides with the global financial crisis. During and after the crisis, banks actively reduced their share of foreign relative to domestic banking activity and lending in particular. This increase in lending...
Persistent link: https://www.econbiz.de/10012317329
We study the macroeconomic effects of bank capital requirements in an economy with two banking sectors. Banks are connected through a wholesale funding market. Anticipated banking crises occur endogenously in the form of self-fulfilling wholesale funding rollover crises. Retail bank capital...
Persistent link: https://www.econbiz.de/10012265800
We present a meta-analysis of the impact of higher capital requirements imposed by regulatory reforms on the macroeconomic activity (Basel III). The empirical evidence derived from a unique dataset of 48 primary studies indicates that there is a negative, albeit moderate GDP level effect in...
Persistent link: https://www.econbiz.de/10011810685
The growing popularity of fintechs has led the Financial Stability Board (FSB) to publish considerations about the effects of this emerging industry on stability and efficiency in the financial sector. Against this background, this paper compares the effects of competition and collaboration...
Persistent link: https://www.econbiz.de/10012419125
are risk-free and liquid in a secondary market, while uninsured loans are subject to adverse selection. Loan insurance …
Persistent link: https://www.econbiz.de/10012287496
When banks are faced with a funding shortage in money market wholesale funding, they partly substitute by tapping other wholesale funding sources. Using auction-level data on large corporate deposits, we trace these substitution effects and their implications, which go beyond the balance sheets...
Persistent link: https://www.econbiz.de/10012289308
with poorer macroeconomic performances, weaker financial sectors and financial regulation and during times of elevated …
Persistent link: https://www.econbiz.de/10012265559
, complementary channel: bank risk taking. We model the portfolio choice of banks under moral hazard and thereby highlight the … ‘incentive function’ of equity. The corporate income tax influences risk-taking incentives through the cost of equity relative to … reform which eliminates the debt bias discourages risk taking and reduces bank failure risk. Raising the corporate tax rate …
Persistent link: https://www.econbiz.de/10012267570
supply and the resulting real effects, and increase risk-taking. For identification, we exploit exhaustive US loan-level data …). Moreover, different from the so-called risktaking channel, higher policy rates imply more risk-taking by nonbanks. …
Persistent link: https://www.econbiz.de/10012425891
transparency regulation. …
Persistent link: https://www.econbiz.de/10013329652