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Measuring credit structure impact on economic growth in Croatia using (VECM) 1990-2018
Škare, Marinko; Sinković, Dean; Porada-Rochoń, … - In: Journal of business economics and management 20 (2019) 2, pp. 294-310
Studies on the finance-growth link use different proxy variables for financial development. Among the most used is the … to be more robust when used in the modeling. Credit structure reveals a different impact on economic growth showing … lending policy impact varies depending on the credit structure. Researchers studying the finance-growth link must account for …
Persistent link: https://www.econbiz.de/10012175688
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Peer to peer lending : a (financial stability) risk perspective
Käfer, Benjamin - 2016
The aim of this paper is to discuss P2P lending, a subcategory of crowdfunding, from a (financial stability) risk perspective. The discussion focuses on a number of dimensions such as the role of soft information, herding, platform default risk, liquidity risk, and the institutionalization of...
Persistent link: https://www.econbiz.de/10011458773
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Credit risk analysis in microcredit: How does gender matter?
Marrez, Helena; Schmit, Mathias - Centre Emile Bernheim, Solvay Brussels School of … - 2009
This paper is the first to analyze the credit risk of a microfinance institution based on the loan portfolio of a leading Maghrebian microfinance institution, both in terms of number of clients served and of portfolio size. This allows us to work with a proprietary data set of 1,144,770...
Persistent link: https://www.econbiz.de/10008544640
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Mortgage lending and financial stability in Asia
Morgan, Peter J.; Zhang, Yan - 2015
We estimated the effect of the share of mortgage lending by individual banks (together with some control variables) on two measures of financial stability - the bank Z-score and the nonperforming loan ratio - for a sample of 212 banks in 19 emerging Asian economies for 2007–2013 from the...
Persistent link: https://www.econbiz.de/10011350157
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Nonperforming loans in Asia : determinants and macrofinancial linkages
Lee, Junkyu; Rosenkranz, Peter - 2019
bank-specific factors - such as rapid credit growth and excessive bank lending - contribute to the buildup of NPLs. Further … that a rising NPL ratio decreases gross domestic product growth and credit supply and increases unemployment rate. Our …
Persistent link: https://www.econbiz.de/10011984160
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Borrowers under water! : rare disasters, regional banks, and recovery lending
Koetter, Michael; Noth, Felix; Rehbein, Oliver - 2016
We test if and how banks adjust their lending in response to disaster risk in the form of a natural catastrophe striking its customers: the 2013 Elbe flooding. The flood affected firms in East and South Germany, and we identify shocked banks based on bank-firm relationships gathered for more...
Persistent link: https://www.econbiz.de/10011566474
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The exposure of microfinance institutions to financial risk
Gietzen, Thomas - In: Review of development finance 7 (2017) 2, pp. 120-133
This study examines the exposure of microfinance institutions to liquidity-, interest rate and foreign exchange (FX) risk. Using manually collected data from microfinance institutions' financial reporting, I find that the microfinance sector faces minimal liquidity risk, high interest rate risk...
Persistent link: https://www.econbiz.de/10011779562
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Borrowers under water! : rare disasters, regional banks, and recovery lending
Koetter, Michael; Noth, Felix; Rehbein, Oliver - 2016 - This draft: January 29, 2019
We show that local banks provide corporate recovery lending to firms affected by adverse regional macro shocks. Banks that reside in counties unaffected by the natural disaster that we specify as macro shock increase lending to firms inside affected counties by 3%. Firms domiciled in flooded...
Persistent link: https://www.econbiz.de/10011961070
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Credit standards and capital allocation in a low interest rate environment
Andersen, Svend Greniman; Kuchler, Andreas - 2016
Using firm-level data from surveys and financial statements, this paper presents an analysis of credit standards, capital allocation and financial conditions of non-financial enterprises in Denmark since the beginning of the financial crisis. The analysis indicates that low interest rates and...
Persistent link: https://www.econbiz.de/10011489436
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Debt enforcement and relational contracting
Brown, Martin; Serra-Garcia, Marta - 2011 - This version: June 2011
Relational contracts have been shown to mitigate moral hazard in labor and credit markets. A central assumption in most theoretical and experimental studies is that, upon misbehaving, agents can be excluded from their current source of income and have to resort to less attractive outside...
Persistent link: https://www.econbiz.de/10009161566