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Domestic Banks as Lightning Rods? Home Bias and Information During the Eurozone Crisis

Saka, Orkun - 2019

European banks have been criticized for holding excessive domestic government debt during the recent Eurozone crisis, which may have intensified the diabolic loop between sovereign and bank credit risks. By using a novel bank-level dataset covering the entire timeline of the Eurozone crisis, I...

Persistent link: https://www.econbiz.de/10012859050

Competition and Risk Taking in Local Bank Markets : Evidence from the Business Loans Segment

Canta, Chiara; Nilsen, Øivind Anti; Ulsaker, Simen A. - 2023

This paper studies empirically the relationship between competition and risk taking in banking markets. We exploit an …. The cross-sectional and longitudinal variation in competition in local markets are used to identify the relationship … between competition and risk taking, which we measure by the non-performing loans and loss provision rates of the individual …

Persistent link: https://www.econbiz.de/10014354215

Bank Consolidation, Interest Rates, and Risk : A Post-Merger Analysis Based on Loan-Level Data from the Corporate Sector

Juranek, Steffen; Nilsen, Øivind Anti; Ulsaker, Simen A. - 2021

remedial measures imposed by the Norwegian Competition Authority on the two merging parties are also likely to explain some of …

Persistent link: https://www.econbiz.de/10013310766

United States current account deficits: a stochastic optimal control analysis

Stein, Jerome L. - 2006

The Pessimists and the Optimists disagree whether the US external deficits and the associated buildup of US net foreign liabilities are problems that require urgent attention. A warning signal should be that the debt ratio deviates significantly from the optimal ratio. The optimal debt ratio or...

Persistent link: https://www.econbiz.de/10010263983

Securitization of mortgage debt, asset prices and international risk sharing

Hoffmann, Mathias; Nitschka, Thomas - 2009

We explore the impact of mortgage securitization on the international diversification of macroeconomic risk. By making mortgage-related risks internationally tradeable, securitization contributes considerably to better international consumption risk sharing: we find that countries with the most...

Persistent link: https://www.econbiz.de/10010264540

Cultural Stereotypes of Multinational Banks

Eichengreen, Barry; Saka, Orkun - 2022

Using hand-collected data spanning more than a decade on European banks' sovereign debt portfolios, we show that the trust of residents of a bank's countries of operation in the residents of a potential target country of investment has a positive, statistically significant, and economically...

Persistent link: https://www.econbiz.de/10014290033

No Guarantees, No Trade: How Banks Affect Export Patterns

Niepmann, Friederike; Schmidt-Eisenlohr, Tim - 2014

This study provides evidence that shocks to the supply of trade finance have a causal effect on U.S. exports. The identification strategy exploits variation in the importance of banks as providers of letters of credit across countries. The larger a U.S. bank's share of the trade finance market...

Persistent link: https://www.econbiz.de/10010333363

International Trade, Risk and the Role of Banks

Niepmann, Friederike; Schmidt-Eisenlohr, Tim - 2014

Banks play a critical role in facilitating international trade by guaranteeing international payments and thereby reducing the risk of trade transactions. This paper employs banking data from the U.S. to document new empirical patterns regarding the use of letters of credit and similar bank...

Persistent link: https://www.econbiz.de/10010352383

The Impact of Basel III on Trade Finance: The Potential Unintended Consequences of the Leverage Ratio

Auboin, Marc; Blengini, Isabella - 2014

Trade finance, particularly in the form of short-term letters of credit has received favourable capital treatment new Basel III rules. However, concerns have been expressed over the potential negative "unintended consequences" of the newly created leverage ratio for trade. This paper offers a...

Persistent link: https://www.econbiz.de/10010398681

Improving the Availability of Trade Finance in Developing Countries: An Assessment of Remaining Gaps

Auboin, Marc - 2016

While conditions in trade finance markets returned to normality in the main routes of trade, the structural difficulties of poor countries in accessing trade finance have not disappeared – and might have been worsened during and after the global financial crisis. In fact, there is a consistent...

Persistent link: https://www.econbiz.de/10011451408