We use a quasi-experimental research design to examine the effect of model-based capital regulation introduced under the Basel II agreement on the pro-cyclicality of bank lending and firms' access to funds during a recession. In response to an exogenous shock to credit risk in the German...

We use a quasi-experimental research design to examine the effect of model-based capital regulation on the pro-cyclicality of bank lending and firms' access to funds. In response to an exogenous shock to credit risk in the German economy, capital charges for loans under model-based regulation...

The transition of banking in Central and Eastern Europe was nothing short of remarkable. All these countries now have market oriented banking systems that are largely free of government influence. This success is often attributed to the influence of foreign banks that brought modern technology...

We use a quasi-experimental research design to examine the effect of model-based capital regulation introduced under the Basel II agreement on the pro-cyclicality of bank lending and firms' access to funds during a recession. In response to an exogenous shock to credit risk in the German...

Although the performance and privatization of transition banks have been widely studiedalready, little is known about their risk taking and risk management activities. We use a new EBRD survey data set of banks to examine risk taking by banks in the transition countries. We find no indication of...

In this paper we examine risk taking and risk management with the help of a new survey data set from EBRD. We do so in this paper with the familiar balance sheet and income data prepared by Bank Scope and also with information from the EBRD's 2005 survey of bank managers. We find no indication...

In this paper we examine the role of syndicated loan markets in financial market development in 24 European countries. We find credit spreads to be negatively related to market size in small markets and positively related in large financial markets. Syndicated loans play a different role in...