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Persistent link: https://www.econbiz.de/10012225294
loans after receiving TARP funding. Taken together, we provide new evidence on the importance and the causal effect of bank … argument that higher capital reduces the cost of uninsured debt, the positive effect of bank capital on lending is stronger …
Persistent link: https://www.econbiz.de/10012973015
financial institutions and support credit availability have invited heated debate. This paper comprehensively reviews empirical … assessments of the benefits of those programs-such as their effectiveness in reducing bank failures or supporting new lending … of such support on lending by U.S. banks. The results, using an instrumental variable approach, suggest that bank loans …
Persistent link: https://www.econbiz.de/10011696308
Receiving punishment from regulators for corporate fraud can affect financing contracts between a firm and its bank, as … both the firm’s credit risk and information risk increase after punishment. By focusing on Chinese firms’ borrowing … behavior after events of corporate fraud, we find that firms’ bank loans after punishment are not only significantly lower, but …
Persistent link: https://www.econbiz.de/10011823743
Procyclicality of credit supply, which refers to the simultaneous movement of credit issued to the non-financial sector …. The impact of credit supply on the financial and real sectors may vary across different economies, and the … model further reinforces the phenomenon. Moreover, we found that bank-specifi c variables are more signifi cant as loan …
Persistent link: https://www.econbiz.de/10014515568
question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …
Persistent link: https://www.econbiz.de/10012643066
question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …
Persistent link: https://www.econbiz.de/10012064522
This paper presents evidence that personal relationships between corporate borrowers and bank loan officers improve the … outcomes of loan renegotiation. Analysing a bank reorganization in Greece in the mid-2010s, I find that firms that experience …
Persistent link: https://www.econbiz.de/10012519342
How much of the heterogeneity in bank loan pricing is explained by disparities in banks' attitude towards risk? The … answer to this question is not simple because there are only very weak proxies for gauging the degree of a bank's risk … confirm that disparities in market power, banks' funding costs, and banks' funding risks are re ected in bank lending rates …
Persistent link: https://www.econbiz.de/10012420270
power for economic growth and bank lending in the United States and the euro area than the spot IBOR-OIS, credit default … swap spreads or bank bond credit spreads …The cost of bank funding on money markets is typically the sum of a risk-free rate and a spread that reflects rollover …
Persistent link: https://www.econbiz.de/10012219137