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Money, credit, monetary policy and the business cycle in the euro area

Giannone, Domenico; Lenza, Michele; Reichlin, Lucrezia - C.E.P.R. Discussion Papers - 2012

This paper uses a data-set including time series data on macroeconomic variables, loans, deposits and interest rates … studies while we uncover new facts on disaggregated loans and deposits. During the crisis the cyclical behavior of short term … interest rates, loans and deposits remain stable but we identify unusual dynamics of longer term loans, deposits and longer …

Persistent link: https://www.econbiz.de/10011083763

Loans or Grants

Cohen, Daniel; Jacquet, Pierre; Reisen, Helmut - C.E.P.R. Discussion Papers - 2007

instruments which, if properly managed, perform better than either loans or grants taken in isolation. The core of the intuition …

Persistent link: https://www.econbiz.de/10005656217

Expanding Credit Access: Using Randomized Supply Decisions To Estimate the Impacts

Karlan, Dean S.; Zinman, Jonathan - C.E.P.R. Discussion Papers - 2007

moving beyond entrepreneurial credit and offering consumer loans. But many practitioners and policymakers are skeptical about … administrative data on loan repayment. We find that the marginal loans produced measurable benefits in the form of increased … employment, reduced hunger, and reduced poverty. The marginal loans also appear to have been profitable for the lender. The …

Persistent link: https://www.econbiz.de/10005661796

Moral Hazard and Limited Liability in the Market for Loans: Credit Restriction Versus Credit Rationing

Banerjee, Anindya; Besley, Timothy J. - C.E.P.R. Discussion Papers - 1988

This paper develops a model of equilibrium in the market for loans. It focuses on the effects on equilibrium of (i …

Persistent link: https://www.econbiz.de/10005792003

Till Debt Do Us Part: The US Capital Market and Foreign Lending, 1920-1955

Eichengreen, Barry - C.E.P.R. Discussion Papers - 1987

loans to Central Europe and reconstruction of the gold standard system was needed to initiate long-term capital flows. A …

Persistent link: https://www.econbiz.de/10005281350

Liquidity Coinsurance and Bank Capital

Castiglionesi, Fabio; Feriozzi, Fabio; Lóránth, Gyöngyi - C.E.P.R. Discussion Papers - 2012

Banks can deal with their liquidity risk by holding liquid assets (self-insurance), by participating in the interbank market (coinsurance), or by using flexible financing instruments, such as bank capital (risk-sharing). We study how the access to an interbank market affects banks' incentive to...

Persistent link: https://www.econbiz.de/10011083266

How does corporate governance affect bank capitalization strategies?

Anginer, Deniz; Demirguc-Kunt, Asli; Huizinga, Harry; … - C.E.P.R. Discussion Papers - 2013

This paper examines how corporate governance and executive compensation affect bank capitalization strategies for an international sample of banks over the 2003-2011 period. ‘Good’ corporate governance, which favors shareholder interests, is found to give rise to lower bank capitalization....

Persistent link: https://www.econbiz.de/10011083556

Capital, Trust and Competitiveness in the Banking Sector

Gehrig, Thomas - C.E.P.R. Discussion Papers - 2013

This note critically assesses the Basel reform process of capital regulation. It highlights the political nature of this process and argues that the absence of clearly spelled-out societal objectives has been detrimental in furthering stability and soundness of the banking systems in the run-up...

Persistent link: https://www.econbiz.de/10011083581

Market-Based Bank Capital Regulation

Bulow, Jeremy I.; Klemperer, Paul - C.E.P.R. Discussion Papers - 2013

Today’s regulatory rules, especially the easily-manipulated measures of regulatory capital, have led to costly bank failures. We design a robust regulatory system such that (i) bank losses are credibly borne by the private sector (ii) systemically important institutions cannot collapse...

Persistent link: https://www.econbiz.de/10011083692

Equity Recourse Notes: Creating Counter-cyclical Bank Capital

Bulow, Jeremy I.; Klemperer, Paul - C.E.P.R. Discussion Papers - 2014

We propose a new form of hybrid capital for banks, Equity Recourse Notes (ERNs), which ameliorate booms and busts by creating counter-cyclical incentives for banks to raise capital, and so encourage bank lending in bad times. They avoid the flaws of existing contingent convertible bonds...

Persistent link: https://www.econbiz.de/10011083972