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Persistent link: https://www.econbiz.de/10001488838
Bank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms. Germany is the prototypical economy where universal banks allegedly exert substantial influence over firms. Despite frequent assertions about the considerable power of German...
Persistent link: https://www.econbiz.de/10001818064
Persistent link: https://www.econbiz.de/10001728771
I present evidence that the cross-guarantee authority granted to the FDIC by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 has unexpectedly strengthened the Federal Reserve's source-of-strength doctrine. In particular, I find that a bank affiliated with a multi-bank...
Persistent link: https://www.econbiz.de/10002128532
The main purpose of this paper is to present the empirical findings derived from the data of small firms that the availability of private and public information on the borrowing firm leads to diverse borrowing patterns among firms. Exploring logit models to characterize the firm’s choice of a...
Persistent link: https://www.econbiz.de/10002235161
After each financial failure related to Over the Counter (OTC) markets and derivatives trading, one may observe the call of more transparency for market participants. During the global financial crisis, there was a growing expectation of a better disclosure framework for OTC markets and...
Persistent link: https://www.econbiz.de/10014177360
The regulations founded on the rules describes by the Basle Committee takes place jointly with the discipline from the Board of Directors on decisions taken by the leader of the bank. In this work, we demonstrate that this double discipline acts trough a complementary manner, while the...
Persistent link: https://www.econbiz.de/10014047649
Trade credit is the most important form of short-term finance for firms. In 2019, U.S. non-financial firms had about $4.5 trillion in trade credit outstanding equaling 21 percent of U.S. GDP. This paper documents two striking facts about trade credit use. First, firms with higher markups supply...
Persistent link: https://www.econbiz.de/10014048746
Bank holding companies (BHCs) can be complex organizations, conducting multiple lines of business through many distinct legal entities and across a range of geographies. While such complexity raises the the costs of bank resolution when organizations fail, the effect of complexity on BHCs'...
Persistent link: https://www.econbiz.de/10014048829
This article analyses the cost of ownership in microfinance organizations. We specifically compare the ownership-cost of Shareholders Firms (SHFs), Non Profit Organizations (NPOs) and Cooperatives (COOPs). A paradoxical situation motivates us: most providers of microfinance, both historically...
Persistent link: https://www.econbiz.de/10014052193