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We study the effect of mortgage prepayment penalties on borrowers' prepayments and delinquencies by exploiting a 2007 reform in Italy that reduced penalties on outstanding mortgages and banned penalties on newly-issued mortgages. Using a unique dataset of mortgages issued by a large Italian...
Persistent link: https://www.econbiz.de/10011207398
This study puts the monetary transmission process in the eurozone between 2003 and 2011 under closer scrutiny. For this purpose, we investigate the interest rate pass-through from money market to various loan rates for up to twelve countries of the European Monetary Union. Applying different...
Persistent link: https://www.econbiz.de/10010558558
Persistent link: https://www.econbiz.de/10010558799
Se estima la elasticidad de las exportaciones y de las importaciones al crédito otorgado por la banca comercial usando información cruzada a nivel de firma en Colombia. Replicando la metodología empírica de Paravisini et. al (2011), se encontró que una reducción del crédito en 10% reduce...
Persistent link: https://www.econbiz.de/10010558832
Small-scale activities in developing countries face environmental risks that represent direct threats to populations’ health and livelihoods. Recently, some donors and experts have claimed that microfinance institutions (MFIs) could play a role in fostering pro-environmental behaviours among...
Persistent link: https://www.econbiz.de/10010559432
This paper seeks to answer the question of what factors are conducive to depth of outreach or the attention of customers with lower incomes, by comercial microfinance institutions (MFIs) in Perú, in order to propose measures aimed to a greater financial inclusion to the microenterprise sector....
Persistent link: https://www.econbiz.de/10010559679
In October 2006, Dominion Bond Rating Service (DBRS) introduced new ratings for banks that account for the potential of … government support. The rating changes are not a reflection of any changes in the respective banks’ credit fundamentals. We use … banks with higher bail out probabilities tend to increase their risk taking less compared to banks that were ex ante …
Persistent link: https://www.econbiz.de/10010559813
This paper investigates the network structure of interbank markets, which has proved to be important for financial stability during the crisis. First, we describe and map the interbank network in the Netherlands, an exception in the literature because of its small and open banking environment....
Persistent link: https://www.econbiz.de/10010559873
Granger-causality tests in a dynamic GMM panel estimator framework on an exhaustive dataset of Czech banks from 2000 to 2010 … was mainly driven by large banks. We show that capital is found to negatively Granger-cause liquidity creation but also …
Persistent link: https://www.econbiz.de/10010561157
borrow hypothesis, banks with lower capital/asset ratios were more likely to borrow. Banks with a higher reserve ratio …
Persistent link: https://www.econbiz.de/10010561189