Syndicated loans provide an exceptional opportunity to study differences in banks' approaches to measuring risk because … many of these loans are held by more than one bank. We study differences in banks' estimates of risk parameters used to …. In addition, we find a negative relation between banks' LGDs and their loan shares, suggesting that differences in risk …

Most domestic and international firm-to-firm transactions rely on trade credit, where sellers grant buyers time to pay … about trade credit use: trade credit use increases with firm-to-firm relationship length, an effect that is stronger for … develops a model featuring enforcement frictions, learning, and a financing cost advantage of trade credit that can rationalize …

re lation between banks' LGDs and their shares in loan syndicates, suggesting that differences in risk parameters have … large U.S. banks assign to syndicated loans for regulatory capital purposes. Using internal bank data on loans that had PDs … and LGDs assigned by more than one bank, we find substantial dispersion in these parameters. Banks differ substantially in …

This paper analyses the cyclical behaviour of bank credit, loan losses and provisions for loan losses in Spain. These … and regulators. In a context of strong competitive pressures, there is a tendency for loose bank credit conditions in an … upturn in view of the low level of contemporaneous non-performing loans. This may contribute to an over-extension of credit …

This paper analyses the cyclical behaviour of bank credit, loan losses and provisions for loan losses in Spain. These … and regulators. In a context of strong competitive pressures, there is a tendency for loose bank credit conditions in an … upturn in view of the low level of contemporaneous non-performing loans. This may contribute to an over-extension of credit …

This study develops a stress-testing framework to assess liquidity risk of banks, where liquidity and default risks can … framework, exogenous asset price shocks increase banks¡¯ liquidity risk through three channels. First, severe mark …-to-market losses on the banks¡¯ assets increase banks¡¯ default risk and thus induce significant deposits outflows. Secondly, the …

. Foreign commercial banks also help enhance SME technical efficiency. The results show that larger SMEs have superior …