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We study how a bank credit crunch -- a dramatic worsening of firm and consumer access to bank credit, such as the one … credit. We find that, for employment, household access to bank loans matters more than firm access to bank loans. In addition …
Persistent link: https://www.econbiz.de/10013055719
We study whether the low interest rate environment paired with booming housing markets affected banks' foreign activities in terms of commercial and residential real estate backed lending. Using a unique dataset covering systemically relevant banks in the euro area over the period 2015-2022, we...
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In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a … particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a … outside the bank as depositors rushed to withdraw their deposits. There was always a fear that this could spark a systemic run …
Persistent link: https://www.econbiz.de/10011705347
This paper uses a large firm-level data set of UK companies and information on their pre-crisis lending relationships to identify the causal links from changes in credit supply to the real economy following the 2008 financial crisis. Controlling for demand in the product market, we find that the...
Persistent link: https://www.econbiz.de/10013013732
We examine the political dynamics which led to the codification of the Principles and Standards for sound compensation practices at financial institutions at international (G 20) level and to their subsequent implementation on both sides of the Atlantic. We show that the regulation of bankers'...
Persistent link: https://www.econbiz.de/10013091649
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One of the most popular investment anecdotes relates how Isaac Newton, after cashing in some large early gains, staked his fortune on the success of the South Sea Company of 1720 and lost heavily in the ensuing crash. However, this tale is based on only a few scraps of hard evidence, some of...
Persistent link: https://www.econbiz.de/10012932159
bank CEOs. For a panel of US and European banks, we employ the Merton distance to default model to estimate how bonus … payments and option holdings impact the level of bank default risk targeted by CEOs. We find that CEO cash bonuses reduce …
Persistent link: https://www.econbiz.de/10013038133