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Financial Sector Reform and Economic Growth in Morocco: An Empirical Analysis

Hassan, M. Kabir; Suk-Yu, Jung - Networks Financial Institute, Scott College of Business - 2007

This study analyzes the impact of financial sector reforms from the early 1990s on, promoting economic growth in Morocco. To derive feasible policy implications, we estimate not only pooled regressions, but also variance decompositions of GDP growth rates to examine what proxy measures of...

Persistent link: https://www.econbiz.de/10010761858

Home Sweet Home: Financial Development and Homeownership

Tewari, Ishani - Networks Financial Institute, Scott College of Business - 2011

Do improvements in credit markets restrict or broaden economic disparities? Deregulation of intrastate branching, an exogenous shock to U.S. mortgage markets, led to an increase in the overall stock and flow of mortgages. This increase was disproportionately higher for marginal borrowers such as...

Persistent link: https://www.econbiz.de/10010761871

Interbank Linkages and Contagion Risk in the Portuguese Banking System

Fernandes, Lara Mónica Machado; Borges, Maria Rosa - ISEG - School of Economics and Management, Department … - 2013

under the most extreme assumptions, banks that fail by contagion represent less than 10 per cent of the total banking …

Persistent link: https://www.econbiz.de/10010761897

Rollover Risk and the Maturity Transformation Function of Banks

Paligorova, Teodora; Santos, João - Bank of Canada - 2014

This paper shows that banks that rely heavily on short-term funding engage less in maturity transformation in an attempt to decrease their exposure to rollover risk. These banks shorten both the maturity of their portfolio of loans as well as the maturity of newly issued loans. We find that the...

Persistent link: https://www.econbiz.de/10010762040

Household Risk Management and Actual Mortgage Choice in the Euro Area

Ehrmann, Michael; Ziegelmeyer, Michael - Bank of Canada - 2014

Mortgages constitute the largest part of household debt. An essential choice when taking out a mortgage is between fixed-interest-rate mortgages (FRMs) and adjustable-interest-rate mortgages (ARMs). However, so far, no comprehensive cross-country study has analyzed what determines household...

Persistent link: https://www.econbiz.de/10010762046

Banks in Space: Does Distance Really Affect Cross-Border Banking?

Neugebauer, Katja - Institut für Angewandte Wirtschaftsforschung (IAW) - 2011

affect cross-border banking. Furthermore, I extend the baseline model to allow for third-country effects, which have been …, is there a spatial dimension in cross-border banking? Second, if so, has it changed over time, and third, what happens if … this spatial dimension is ignored? I use bilateral data on cross-border banking assets for 15 countries over the time …

Persistent link: https://www.econbiz.de/10010762068

Bank Loans to Newly Public Firms

Shaffer, Sherrill; Sokolyk, Tatyana - In: Journal of Entrepreneurial Finance 16 (2013) 2, pp. 33-56

Prior studies have shown that newly public firms exhibit a high degree of uncertainty and asymmetric information, with few reliable sources of information. These findings suggest that investors could benefit if some independent party is able to assess the quality of a newly public firm. Since...

Persistent link: https://www.econbiz.de/10010762489

Trust and the Demand for Personal Collateral in SME - Bank Relationships

Moro, Andrea; Lucas, Mike R.; Kodwani, Devendra - In: Journal of Entrepreneurial Finance 16 (2012) 1, pp. 57-79

Previous research on relationship lending has paid very little attention to the role of trust. Trust might be ex-pected to reduce agency costs, perceived credit risk and thus the request for personal collateral. Trustworthiness is associated with three attributes of SME owner/managers’:...

Persistent link: https://www.econbiz.de/10010762498

The Debt Structure of SMEs: An Optimization Model

Moro, Andrea; Lucas, Mike R.; Grimm, Uwe G. - In: Journal of Entrepreneurial Finance 16 (2012) 1, pp. 87-108

The existing finance literature is inadequate with respect to its coverage of the debt structure of small and medi-um sized enterprises (SMEs). In addition, the role of trust in accessing finance for such enterprises is under-investigated. This paper presents a mathematical model for optimizing...

Persistent link: https://www.econbiz.de/10010762505

Risk management of savings accounts

Dzmuranova, Hana; Teply, Petr - Institut ekonomických studií, Univerzita Karlova v Praze - 2014

This paper deals with the risk management of savings accounts. Savings accounts are non-maturing accounts bearing a relatively attractive rate of return and two embedded options: a customer’s option to withdraw money at any time and a bank’s option to set the deposit as it wishes. The risk...

Persistent link: https://www.econbiz.de/10010762657