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-equity capital � from both �venture-capital� funds and other private-equity funds � are usually also financed by banks, both …
Persistent link: https://www.econbiz.de/10011099607
evidence that banks managed their overall interest rate risk exposure by means of on-balance-sheet restructuring complemented … significantly across banks. The different impact of a future increase in interest rates on banks� economic value will be a matter …
Persistent link: https://www.econbiz.de/10011099623
exports: firms, especially financially distressed ones, that borrowed from banks which were more exposed to a negative funding …
Persistent link: https://www.econbiz.de/10011099656
to repricing frictions, and test the model�s predictions using a unique panel data set on UK banks. We find evidence … that large banks retain a residual exposure to interest rates, even after accounting for hedging activity operating through …
Persistent link: https://www.econbiz.de/10011099664
We estimate a fully-fledged structural system for the housing market in Italy, taking into account the multi-fold link with bank lending to both households and construction firms. The model allows the house supply to vary in the short run and the banking sector to affect the equilibrium in the...
Persistent link: https://www.econbiz.de/10011099686
This paper studies the implications of introducing large monopolistic banks, which can affect macroeconomic outcomes … accelerator adds up to the one due to financial frictions and is crucially related to the existence of non-atomistic banks. Second …
Persistent link: https://www.econbiz.de/10011099726
which significantly affect the efficiency of individual banks, are also of great importance to the profitability (proxied by … efficiency of banks in the anticipated way. Macroeconomic variables have a statistically-significant impact on both ROA and ROE …
Persistent link: https://www.econbiz.de/10011099747
credit to micro firms, other factors such as liquidity or cash flow are more highly considered by banks than the value of … collateral, banks are still unprepared to finance them, possibly due to the level of risk. It could also be that in approving …
Persistent link: https://www.econbiz.de/10011099748
aggregate credit supply by the level of the banks¡¯ net worth. Model simulations indicate that the interaction of financial … constraints and the extensive margin variation amplifies the impact of bank credit shocks on the real economy. When banks …
Persistent link: https://www.econbiz.de/10011099843
runs within this class of mechanism is that banks cannot identify whether withdrawals are being driven by psychology or by …
Persistent link: https://www.econbiz.de/10011099905