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La eficiencia técnica de los bancos durante la crisis Caso aplicado a la rentabilidad de la banca comercial en México y Chile

Werner, Kristjanpoller Rodríguez; Oscar, Saavedra … - In: Contaduría y Administración 59 (2014) 1, pp. 95-122

This paper aims to determine evidence about the efficiency of commercial banks under crisis periods when compared against their regular operating periods. Particularly, the Chilean and Mexican banking industries are reviewed by an innovated Data Envelopment Analysis (DEA) methodology. Conclusive...

Persistent link: https://www.econbiz.de/10010785454

The New Deal and the Origins of the Modern American Real Estate Loan Contract

Rose, Jonathan; Snowden, Kenneth A. - National Bureau of Economic Research (NBER) - 2012

The introduction of the direct reduction (fully-amortized) loan contract to the U.S. residential mortgage market is an important instance of financial innovation. We describe the adoption of this contract within the building and loan (B&L) industry beginning in the 1880s and culminating in the...

Persistent link: https://www.econbiz.de/10010785611

Banks, Sovereign Debt and the International Transmission of Business Cycles

Iacoviello, Matteo; Minetti, Raoul; Guerrieri, Luca - National Bureau of Economic Research (NBER) - 2012

This paper studies the international propagation of sovereign debt default. We posit a two-country economy where capital constrained banks grant loans to firms and invest in bonds issued by the domestic and the foreign government. The model economy is calibrated to data from Europe, with the two...

Persistent link: https://www.econbiz.de/10010785623

Mortgage Market Design

Campbell, John Y. - National Bureau of Economic Research (NBER) - 2012

This paper explores the causes and consequences of cross-country variation in mortgage market structure. It draws on insights from several fields: urban economics, asset pricing, behavioral finance, financial intermediation, and macroeconomics. It discusses lessons from the credit boom, the...

Persistent link: https://www.econbiz.de/10010785626

Syndicated Loan Spreads and the Composition of the Syndicate

Lim, Jongha; Minton, Bernadette A.; Weisbach, Michael - National Bureau of Economic Research (NBER) - 2012

The past decade has seen significant changes in the structure of the corporate lending market, with non-bank … institutional investors playing larger roles than they historically have played. These non-bank institutional lenders typically have … higher required rates of return than banks, but invest in the same loan facilities. We hypothesize that non-bank …

Persistent link: https://www.econbiz.de/10010785631

European banking: Bailout, bail-in and state aid control

Dewatripont, Mathias - In: International Journal of Industrial Organization 34 (2014) C, pp. 37-43

; (ii) making sure markets will understand that the risk of bail-in is concentrated on long-term bank liabilities. …

Persistent link: https://www.econbiz.de/10010786472

Crossborder financial contagion to Germany: How important are OTC dealers?

Podlich, Natalia; Wedow, Michael - In: International Review of Financial Analysis 33 (2014) C, pp. 1-9

We examine crossborder contagion from a number of financial systems to the German financial system using the information content of CDS prices in a GARCH model. After controlling for common factors which may cause comovement in security prices, we find evidence for contagion from the US and...

Persistent link: https://www.econbiz.de/10010786515

Monetary Policy and Banks in the Euro Area: The Tale of Two Crises

Reichlin, Lucrezia - In: Journal of Macroeconomics 39 (2014) PB, pp. 387-400

financial integration involving the inter-bank market since the first crisis and the market for government bonds since the …

Persistent link: https://www.econbiz.de/10010786714

The Offshore Renminbi Exchange Rate: Microstructure and Links to the Onshore Market

Cheung, Yin-Wong; Rime, Dagfinn - CESifo - 2014

The offshore renminbi (CNH) exchange rate is the exchange rate of the Chinese currency transacted outside China. We study the CNH exchange rate dynamics and its links with onshore exchange rates. Using a specialized microstructure dataset, we find that CNH is significantly affected by its order...

Persistent link: https://www.econbiz.de/10010786745

Riciclaggio finanziario e credito d’usura: un modello di analisi economica

BARONE, Raffaella - In: Rivista Internazionale di Scienze Sociali 112 (2004) 2, pp. 119-135

The aim of this paper is to propose a model of money laundering and an economic analysis model of money laundering by usury. The first one is an evolution of a model already present in the literature and the difference is in the way to evaluate the advantage for a criminal to reinvest the...

Persistent link: https://www.econbiz.de/10010786764