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question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …
Persistent link: https://www.econbiz.de/10012643066
question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …
Persistent link: https://www.econbiz.de/10012064522
We find that the average credit and liquidity risks of U.S. banks, the two principal determinants of bank distress … noninterest income, factors that are associated with greater credit and liquidity risks. Importantly, the risk differences between …
Persistent link: https://www.econbiz.de/10013311278
We find that the average credit and liquidity risks of U.S. banks, the two principal determinants of bank distress … noninterest income, factors that are associated with greater credit and liquidity risks. Importantly, the risk differences between …
Persistent link: https://www.econbiz.de/10013312395
stressed credit markets and confirms their superior performance in explaining the behavior of Credit Default Swap rates for the …
Persistent link: https://www.econbiz.de/10012954808
This paper develops a bank model for financial systemic risk in bank lending. The model analyzes the impact of a financial institution failure on the distribution of losses in the financial system. The fundamental idea is that bank loss rates may be decomposed into a level, momentum, systematic...
Persistent link: https://www.econbiz.de/10013058030
share ownership in the secondary market using data from the Shared National Credit Program, a credit register of syndicated … importance of bank liquidity risk management as a motivation for loan sales, in addition to the credit risk transfer motive …
Persistent link: https://www.econbiz.de/10013028630
This paper examines the impact of the recent global financial crisis on the cost of debt capital (syndicated loans) in a leading emerging market, namely China, using difference-in-differences and GARCH approaches. Before the crisis China adopted banking reforms allowing entry of foreign banks...
Persistent link: https://www.econbiz.de/10010518789
This paper examines the impact of the recent global financial crisis on the cost of debt capital (syndicated loans) in a leading emerging market, namely China, using difference-in-differences and GARCH approaches. Before the crisis China adopted banking reforms allowing entry of foreign banks...
Persistent link: https://www.econbiz.de/10010519820
loan syndicates. While the purpose of TARP was to stimulate the flow of credit during the economic downturn, the low cost … of capital could have functioned as a double-edged sword by imprudently increasing lenders' credit risk-appetite. Our … documenting a greater share of lead arranger commitment during a period of time when credit monitoring was strengthened …
Persistent link: https://www.econbiz.de/10013012954