This paper analyses the determinants of collateral in loans granted to entrepreneurs and consumers. We use cross-sectional data on more than 39,000 bank loans raised by Vietnamese borrowers between 2006 and 2009. Our data set is unique because it contains information about the bank's assessment...

We develop a double moral hazard model that predicts that the use of project finance increases with both the political risk of the country in which the project is located and the influence of the lender over this political risk exposure. In contrast, the use of project finance should decrease as...

Asymmetrische Anpassung von Geschäftsbankenzinsen im Eurogebiet: Eine empirische Analyse des Zins-Pass-Through Unsere Studie erweitert die traditionelle Literatur des Zins-Pass-Through durch die Berücksichtigung von Kointegrationsbeziehungen und der korrespondierenden...

The surge in cross-border banking prior to the 2007 / 08 global financial crisis took place not only in the interbank market but also in the retail market, e.g. between banks and their private customers abroad. Cross-border retail activities of banks now account for a substantial share of total...

This study explores the impact of information asymmetry between lenders and borrowers on loan syndicate structure. Using a sample of 17,839 loans raised by 8,701 US firms between January 1986 and August 2007, we confirm existing evidence that lead arrangers form concentrated syndicates when...

We examine the impact of the existence on an explicit deposit insurance (DI) scheme and its design features on bilateral cross-border deposits (CBD) in a gravity model setting. We find that both the absolute quality of a country's DI and its relative quality vis-à-vis other countries' DI...

Granting a third-party guarantee for a loan does not directly involve a financial transaction. Therefore, guarantors might not understand that they are taking on a liability, albeit contingent. We introduce literacy about guarantees as a novel and distinct aspect of financial literacy. For ten...

Die landwirtschaftliche Produktivität in Subsahara-Afrika bleibt immer weiter hinter der Produktivität in anderen Weltregionen zurück. Dort hat keine "Grüne Revolution" stattgefunden, bei der durch verbessertes Saatgut und chemische Düngemittel die landwirtschaftlichen Erträge gesteigert...