Claiming that the implicit cost of deposit insurance is an alternative proxy for risk-taking behavior, we examine the … management on the risk of Thai financial institutions. Our empirical results suggest that, during 1994-1996, the largest … shareholders engage in low risk-taking activities when they hold large cash flow rights and have low deviation of cash flow from …

near-frictionless refinancing opportunities-led to vastly increased systemic risk in the financial system. Individually …

capture differences in credit market integration by variations in the cost for banks to grant credit for cross …This paper shows that currency arrangements impact on credit available through default incentives. To this end we build … a symmetric two-country model with money and imperfect credit market integration. With the Euro Area context in mind, we …

explaining loan acceptance. For pricing, borrower factors are instead stronger. Moreover, banks supplying less credit accept … bank-level strength measure, estimated on the experimental data, determines credit supply and risk-taking to real firms. … platform. Each application goes to all banks. We find that borrower and bank factors are equally strong in causing and …

perspective that money, credit and debt do not matter for the macroeconomy; (2) the neoclassical insistence that the economy …

banks about their profitability, which in turn respond by providing more credit. Entry and exit from the credit market … during the last decade to study non-financial firm performance and bank credit dynamics. Access to broadband unleashes firm … of the observed interest rates, which is consistent with the fact that our credit market results are concentrated among …

developments in banks' balance sheets, profitability and risk-bearing capacity and analyses their relevance for monetary policy. We …As the euro area has a predominantly bank-based financial system, changes in the composition and strength of banks …

percent less cyclical than other local banks. The result is credit supply-side driven and especially strong for savings banks … on financial stability and the real economy. We investigate the cyclicality of SME lending by local banks with vs … credit demand-side factors. The public mandate is set by local governments and stipulates a deviation from strict profit …

capture differences in credit market integration by variations in the cost for banks to grant credit for cross …This paper shows that currency arrangements impact on credit available through default incentives. To this end we build … a symmetric two-country model with money and imperfect credit market integration. With the Euro Area context in mind, we …