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widespread stress, with adverse affects on bank intermediation thereafter. We discuss the bank capital and the bank funding … conclude by discussing the increasing extension of bank credit lines to non-bank financial intermediaries, as well as the role …
Persistent link: https://www.econbiz.de/10014437040
bank funding costs. We show that credit supply is dampened by the associated debt-overhang cost to bank shareholders. Until … offset if drawdowns are expected to be left on deposit at the same bank, which happened at some of the largest banks during …
Persistent link: https://www.econbiz.de/10014226104
We propose a simple model of the sovereign-bank diabolic loop, and establish four results. First, the diabolic loop can …
Persistent link: https://www.econbiz.de/10012456680
From 2010 to 2012, the relation between bank stock returns from European Union (EU) countries and the returns on …
Persistent link: https://www.econbiz.de/10012457516
financial crisis of the 20th century - the Great Depression. Using balance-sheet and systemic risk measures at the bank level …, we build an econometric model with incidental truncation that jointly considers bank survival, the type of bank closure … (consolidations, absorption, and failures), and changes to bank risk. Despite roughly 9,000 bank closures, risk did not leave the …
Persistent link: https://www.econbiz.de/10014337771
Bank branch density, defined as the number of bank branches to total deposits, has significantly declined over the past …
Persistent link: https://www.econbiz.de/10014322849
This paper identifies how bank branching benefited local economies during the Great Depression. Using archival data and … narrative evidence, I show how Bank of America's branch network in 1930s California created an internal capital market to … competing banking offices. The bank's presence caused smaller city property value contractions and stronger recoveries through …
Persistent link: https://www.econbiz.de/10014421204
bank approval disparity is also larger in more racially biased counties. We conclude that insofar as automation by fintechs …
Persistent link: https://www.econbiz.de/10014250189
fundamentals with firm-quarter fixed effects; thus, identification comes from a firm's choice to default against one bank versus … bank relationships comes into doubt …
Persistent link: https://www.econbiz.de/10012456640
Studies of intermediated arbitrage argue that bank balance sheets are an important consideration, yet little evidence …
Persistent link: https://www.econbiz.de/10014635670