Similar Search Results

Hassan, Fadi - 2017

between productivity and bank credit in the context of different financial market set-ups, we introduce a model of overlapping … generations of entrepreneurs under complete and incomplete credit markets. Then, we exploit firm-level data for France, Germany … and Italy to explore the relation between bank credit and productivity following the main derivations of the model. We …

Persistent link: https://www.econbiz.de/10012963911

Lending Relationships in Loan Renegotiation : Evidence from Corporate Loans

Papoutsi, Melina - 2021

This paper presents evidence that personal relationships between corporate borrowers and bank loan officers improve the outcomes of loan renegotiation. Analysing a bank reorganization in Greece in the mid-2010s, I find that firms that experience an exogenous interruption in their loan officer...

Persistent link: https://www.econbiz.de/10013227323

The Euro Area Bank Lending Survey Matters : Empirical Evidence for Credit and Output Growth

Bondt, Gabe J. de; Maddaloni, Angela; Peydró, José-Luis; … - 2021

This study examines empirically the information content of the euro area Bank Lending Survey for aggregate credit and … leading indicator for euro area bank credit and real GDP growth. Notwithstanding the short history of the survey, the findings … also suggest that price as well as non-price conditions and terms of credit standards do matter for credit and business …

Persistent link: https://www.econbiz.de/10013316257

What Drives the Network’s Growth? An Agent-Based Study of the Payment Card Market

Alexandrova-Kabadjova, Biliana - 2010

This paper investigates the impact on the network growth of the level of merchant discount, the level of Multilateral Interchange Fee (MIF), and the consumers' and the merchants' awareness of positive network effects. In an artificial market, in which issuers and acquirers belong to the same...

Persistent link: https://www.econbiz.de/10013149845

The Importance of Being Mature : the Effect of Demographic Maturation on Global Per-Capita Gdp

Gómez, Rafael - 2007

Given that savings behaviour and worker productivity have strong life-cycle components and given that demographic profiles vary across countries, population age structure should be linked to differences in levels of economic development. In this paper we measure the economic importance of age...

Persistent link: https://www.econbiz.de/10012778366

Business models of the banks in the euro area

Farnè, Matteo; Vouldis, Angelos - 2017

The paper identifies the business models followed by banks in the euro area, utilising a proprietary dataset collected in the context of the supervisory reporting of the Single Supervisory Mechanism. The concept of a 'business model' has been neglected by economic theory and is defined here with...

Persistent link: https://www.econbiz.de/10011804385

Interconnected banks and systemically important exposures

Roncoroni, Alan; Battiston, Stefano; D'Errico, Marco; … - 2019

We study the interplay between two channels of interconnectedness in the banking system. The first one is a direct interconnectedness, via a network of interbank loans, banks' loans to other corporate and retail clients, and securities holdings. The second channel is an indirect...

Persistent link: https://www.econbiz.de/10012389534

Contagion accounting

Aldasoro, Iñaki; Hüser, Anne-Caroline; Kok Sørensen, … - 2020

We provide a simple and tractable accounting-based stress-testing framework to assess loss dynamics in the banking sector, in a context of leverage targeting. Contagion can occur through direct interbank exposures, and indirect exposures due to overlapping portfolios with the associated price...

Persistent link: https://www.econbiz.de/10012422161

Modeling emergence of the interbank networks

Hałaj, Grzegorz; Kok, Christoffer - 2014

Interbank contagion has become a buzzword in the aftermath of the financial crisis that led to a series of shocks to the interbank market and to periods of pronounced market disruptions. However, little is known about how interbank networks are formed and about their sensitivity to changes in...

Persistent link: https://www.econbiz.de/10011605691

Multi-layered interbank model for assessing systemic risk

Montagna, Mattia; Kok, Christoffer - 2016

In this paper, we develop an agent-based multi-layered interbank network model based on a sample of large EU banks. The model allows for taking a more holistic approach to interbank contagion than is standard in the literature. A key finding of the paper is that there are material...

Persistent link: https://www.econbiz.de/10011605989