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Persistent link: https://www.econbiz.de/10011790739
The aim of this paper is to discuss P2P lending, a subcategory of crowdfunding, from a (financial stability) risk …
Persistent link: https://www.econbiz.de/10011516892
The US credit boom has been identified as one of the causes of the global financial crisis and the resulting debt overhang is seen as the primary reason for the weak economic recovery. Most of the existing literature links the credit boom to the emergence of the shadow banking system. This paper...
Persistent link: https://www.econbiz.de/10011456517
Persistent link: https://www.econbiz.de/10012010156
We investigate the U.S. experience with macroprudential policies by studying the interagency guidance on leveraged lending. We find that the guidance primarily impacted large, closely supervised banks, but only after supervisors issued important clarifications. It also triggered a migration of...
Persistent link: https://www.econbiz.de/10011657569
We study the determinants of borrowers' default in P2P lending with a new data set consisting of 70,673 loan observations from Lending Club. Previous research identified a number of default determining variables but did not distinguish between different loan risk levels. We define four loan risk...
Persistent link: https://www.econbiz.de/10011572701
We study the determinants of borrowers’ default in P2P lending with a new data set consisting of 70,673 loan observations from the Lending Club. Previous research identified a number of default determining variables but did not distinguish between different loan risk levels. We define four...
Persistent link: https://www.econbiz.de/10011993331
The US credit boom has been identified as one of the causes of the global financial crisis and the resulting debt overhang is seen as the primary reason for the weak economic recovery. Most of the existing literature links the credit boom to the emergence of the shadow banking system. This paper...
Persistent link: https://www.econbiz.de/10012988632
Does bank instability push borrowers to use crowdfunding as a source of external finance? We identify stressed banks … and link them to a unique, manually constructed sample of 157 new ventures seeking equity crowdfunding. The sample … comprises projects from all German equity crowdfunding platforms since 2011, which we compare with 200 ventures that do not use …
Persistent link: https://www.econbiz.de/10011317927
Shadow banking is a broad concept. A possible definition is that it comprises non-bank institutions which undertake bank-like activities. Another characteristic is that the sector is overall less regulated. Therefore there are still shortcomings in systematic collection of information of the sector.
Persistent link: https://www.econbiz.de/10011985212