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Credit Registries, Relationship Banking and Loan Repayment

Brown, Martin; Zehnder, Christian - Institut für Volkswirtschaftslehre, … - 2005

This paper examines the impact of a public credit registry on the repayment behavior of borrowers. We implement an experimental credit market in which loan repayment is not third-party enforceable. We compare market outcome with a credit registry to that without a credit registry. This...

Persistent link: https://www.econbiz.de/10005627855

Direct versus Intermediated Finance: an Old Question and a New Answer

Gerber, Anke - Institut für Volkswirtschaftslehre, …

We consider a closed economy where a risk neutral bank competes with a competitive bond market. Firms can finance a … risky project either by a bank credit or by issuing a bond which is directly sold to risk averse investors who also can hold … safe deposits at the bank. We show that a monopolistic bank tends to allocate more capital to lower quality projects but …

Persistent link: https://www.econbiz.de/10005627952

Microfinance in Times of Crisis: The Effects of Competition, Rising Indebtedness, and Economic Crisis on Repayment Behavior

Vogelgesang, Ulrike - Post Graduate Programme "Allocation on Financial … - 2001

This paper analyzes repayment determinants for loans from Caja Los Andes, a Bolivian microlender. The analysis focuses on the influence of recent changes in the Bolivian microfinance market. In particular, we examine the effects of the rapidly growing supply of funds for micro-loans, the...

Persistent link: https://www.econbiz.de/10005628338

Liquidation ou redressement des entreprises: decision de la banque et impact sur la probabilite de faillite.

Refait, C. - Centre de recherche de mathématiques et économie … - 1999

Nous analysons d'abord la litterature specifiquement consacree a la resolution des crises d'illiquidite. La decision de la banque est dans ce cadre uniquement fonction de la valeur actualisee de sa creance, donc des potentialites de redressement de la firme. Elle n'influence pas le risque de...

Persistent link: https://www.econbiz.de/10005630613

Bank Chapter Value and the Viability of the Japanese Convoy System.

Spiegel, M.M. - Economisch Institut voor het Midden en Kleinbedrijf- - 1999

This paper compares the performance of a convoy banking system, similar to that which prevailed in Japan, to a fixed-premium deposit insurance regime. Under this system, failed banks are merged with healthy banks, rather than closed, so that the banking system itself provides the safety net for...

Persistent link: https://www.econbiz.de/10005634490

The Evolution of Too-Big-Fail Policy in Japan: Evidence from Market Equity Values.

Spiegel, M.M.; Yamori, N. - Economisch Institut voor het Midden en Kleinbedrijf- - 2000

This paper examines the evidence in bank equity markets concerning bank regulatory policies in japan over the turbulent …

Persistent link: https://www.econbiz.de/10005634491

A Strategic Market Game with a Mutual Bank with Fractional Reserves and Redemption in Gold (A Continuum of Traders)

Shubik, Martin; Tsomocos, D.P. - Cowles Foundation for Research in Economics, Yale University - 1990

We utilize the strategic market game approach to analyze the role and function of a mutual bank with variable …

Persistent link: https://www.econbiz.de/10005634714

Mesure de la performance des banques dans une zone d'ancrage monétaire: cas de la France et des pays de l'UMOA

Kablan, Akassi Sandrine - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2009

Our study aims at measuring banking system efficiency for France and WAMU, by isolating environmental specificities to each region. Our results show that the two banking systems have quite close efficiency scores about 80%. As their french counterparts, WAMU banks are efficient; however this...

Persistent link: https://www.econbiz.de/10005635080

Stress Testing the Czech Banking System: Where Are We? Where Are We Going?

Cihak, Martin; Hermanek, Jaroslav - Česká Národní Banka - 2005

This note summarizes the various outputs from the CNB research project Stress Testing for Banking Supervision. Previous research notes in this project presented the key stress testing concepts and discussed the design of stress tests in general terms. Since then, the project has generated...

Persistent link: https://www.econbiz.de/10005635440

Designing Stress Tests for the Czech Banking System

Cihak, Martin - Česká Národní Banka - 2004

aim of the note is to propose stress tests that could be used by the Czech National Bank on a regular basis to assess the … that the exercise be broadly based on the stress tests conducted during the 2001 IMF-World Bank Financial Sector Assessment …

Persistent link: https://www.econbiz.de/10005635441