Showing 61 - 70 of 693,616
This paper analyses the effect of asset prices on credit growth in France and tries to disentangle credit demand and … period, but without credit supply factors being singled out. By contrast, housing price growth has a significant effect … during periods of financial instability only, even after controlling for credit demand effects. These results show that …
Persistent link: https://www.econbiz.de/10013101520
This paper examines the reporting in the financial press of 1,027 bank agreements established between January 2004 and May 2007. Overall, the frequency of loan reporting in the press increased to over 30%. Reported loans still have longer maturities than non-reported ones, and reported firm...
Persistent link: https://www.econbiz.de/10013053410
We investigate the equilibrium interest rate charges on non-recourse and recourse loans secured by stock. In such loans, the client retains the option to prepay and recover the collateral stock. We adopt a structural model of the firm where debt levels, with endogenous bankruptcy, affect equity...
Persistent link: https://www.econbiz.de/10013292845
Persistent link: https://www.econbiz.de/10013461755
sensitivity tests and provide suggestive evidence of a close connection between the credit loan and stock markets. …
Persistent link: https://www.econbiz.de/10013272640
Persistent link: https://www.econbiz.de/10013272647
Persistent link: https://www.econbiz.de/10013258962
We examine the impact of bank loan announcements on stock liquidity. Using a comprehensive loan announcement sample over 14 years in Australia, we find that effective spreads and realized spreads of borrowers’ stocks fall after the announcements. The findings suggest these announcements send...
Persistent link: https://www.econbiz.de/10013290056
We investigate the equilibrium interest rate charges on non-recourse and recourse loans secured by stock. In such loans the client retains the option to prepay and recover the collateral stock. We adopt a structural model of the firm where debt levels, with endogenous bankruptcy, affect equity...
Persistent link: https://www.econbiz.de/10013492178
Persistent link: https://www.econbiz.de/10013330744