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Systemic Risk in Europe Due to Foreign Currency Loans

Yesin, Pinar - 2012

Foreign currency loans given to the unhedged non-bank sector are remarkably prevalent in Europe. Especially Swiss franc … and/or non-financial firms cannot pay back their foreign currency loans. I find that the systemic risk in Eastern Europe … the main source behind the systemic risk in Eastern Europe, contrary to what the policymakers and the general public might …

Persistent link: https://www.econbiz.de/10013101161

Loss Given Default of Corporate Bank Loans : Large Scale Evidence from Europe

Deborgies-Sanches, Laurence D. M. - 2014

Using a unique data set on companies' defaults provided by a consortium of 31 banks, this paper gives new insights into the determinants of the workout-loss-given-default (W-LGD): losses based on the cash flows observed between the default and the resolution times.As between 1997 and 2010, 18%...

Persistent link: https://www.econbiz.de/10013067402

Securitisation and Lending Standards : Evidence from the European Wholesale Loan Market

Kara, Alper - 2015

We assess the effect of securitization activity on banks' loan pricing practices employing a uniquely detailed dataset from the euro-denominated syndicated loan market. We find that in the run up to the 2007-2009 crisis banks that were more active at originating asset-backed securities did not...

Persistent link: https://www.econbiz.de/10013038164

Concentration in Corporate Bank Loans - What Do We Learn from European Comparisons?

Godlewski, Christophe J. - 2009

The aim of this paper is to empirically investigate the determinants of creditor concentration in the use of bank loans by firms in a European cross-country framework. We analyze the influence of loan and borrower characteristics but also banking market structure and legal enforcement variables...

Persistent link: https://www.econbiz.de/10013157547

Does Bank Competition Reduce Cost of Credit? Cross-Country Evidence from Europe

Fungáčová, Zuzana - 2019

Despite the extensive debate on the effects of bank competition, only a handful of single-country studies deal with the impact of bank competition on the cost of credit. We contribute to the literature by investigating the impact of bank competition on the cost of credit in a cross-country...

Persistent link: https://www.econbiz.de/10012903437

Bank Competition and Firm Access to Credit : Bank-Firm Level Evidence from Europe

Grandi, Pietro - 2019

We examine the impact of bank competition on firms' access to credit using a large panel of 900 banks matched to almost 60.000 firms across the euro area over the period 2010-2016. Results provide empirical support for the market power hypothesis whereby low inter-bank competition worsens firms'...

Persistent link: https://www.econbiz.de/10012897968

Non-Performing Loans in European Systemic and Non-Systemic Banks

Ozili, Peterson K - 2019

I examine the behaviour of non-performing loans in European systemic and non-systemic banks. The distinction between systemic banks (GSIBs) and non-systemic banks (non GSIBs) is driven by policy reasons. The findings reveal that more profitable banks witness higher non-performing loans...

Persistent link: https://www.econbiz.de/10012870125

Determinants of Bank CDS Spreads in Europe

Samaniego-Medina, Reyes - 2016

This paper empirically analyzes the determinants of credit default swap (CDS) spreads from a sample of 45 listed European banks over the 2004-2010 period. We use variables related to accounting- and market-based data, an indicator of liquidity in the CDS market and several variables from the...

Persistent link: https://www.econbiz.de/10013006847

Did Bank Lending Stifle Innovation in Europe During the Great Recession?

Peia, Oana - 2019

Using the 2008-09 Global financial crisis and the 2012 Euro area sovereign debt crisis as natural experiments, we investigate the effects of contractions in credit supply on R&D spending in a large sample of European firms. Our identification strategy exploits differences in financial...

Persistent link: https://www.econbiz.de/10012858776

Securitization and Lending Standards : Evidence from the European Wholesale Loan Market

Kara, Alper - 2015

We assess the effect of securitization activity on banks' lending rates employing a uniquely detailed dataset from the euro-denominated syndicated loan market. We find that, in the run up to the 2007-2009 crisis banks that were more active at originating asset-backed securities did not price...

Persistent link: https://www.econbiz.de/10013016058