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Year of publication
Subject
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Financial intermediation 4,027 Finanzintermediation 4,026 Theorie 1,360 Theory 1,335 Bank 833 Finanzmarkt 676 Financial market 667 Finanzsektor 613 Financial sector 603 Finanzkrise 433 Financial crisis 431 Welt 428 World 418 Geldpolitik 365 Monetary policy 350 USA 331 Kreditgeschäft 318 United States 318 Bank lending 314 Wirtschaftswachstum 314 Economic growth 304 Bank regulation 296 Bankenregulierung 296 Informal finance 222 Informeller Finanzsektor 222 Schätzung 206 Finanzdienstleistung 204 Financial services 196 Estimation 194 Bankenkrise 184 Banking crisis 179 EU-Staaten 176 EU countries 175 Deutschland 174 Corporate finance 170 Unternehmensfinanzierung 170 Kreditrisiko 164 Germany 163 financial intermediation 160 Credit risk 156
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Online availability
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Free 1,564 Undetermined 566
Type of publication
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Book / Working Paper 2,432 Article 1,697 Journal 22
Type of publication (narrower categories)
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Article in journal 1,356 Aufsatz in Zeitschrift 1,356 Graue Literatur 1,178 Non-commercial literature 1,178 Working Paper 1,102 Arbeitspapier 1,037 Aufsatz im Buch 343 Book section 343 Hochschulschrift 211 Thesis 159 Collection of articles of several authors 102 Sammelwerk 102 Aufsatzsammlung 37 Bibliografie enthalten 33 Bibliography included 33 Amtsdruckschrift 32 Government document 32 Collection of articles written by one author 27 Sammlung 27 Konferenzschrift 26 Lehrbuch 19 Textbook 19 Conference proceedings 16 Conference paper 15 Konferenzbeitrag 15 Systematic review 13 Übersichtsarbeit 13 Dissertation u.a. Prüfungsschriften 12 Statistik 10 Statistics 9 Case study 7 Fallstudie 7 Handbook 7 Handbuch 7 Festschrift 6 Commentary 5 Kommentar 5 Reprint 5 Bibliografie 4 Mehrbändiges Werk 4
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Language
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English 3,641 German 330 Italian 58 French 48 Spanish 37 Russian 9 Polish 6 Portuguese 6 Dutch 5 Undetermined 5 Turkish 3 Danish 2 Hungarian 2 Romanian 2 Ukrainian 2 Bulgarian 1 Czech 1 Lithuanian 1 Albanian 1 Serbian 1 Swedish 1
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Author
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Adrian, Tobias 69 Shin, Hyun Song 53 Gersbach, Hans 34 Krishnamurthy, Arvind 29 Allen, Franklin 26 He, Zhiguo 26 Beck, Thorsten 25 Claessens, Stijn 23 Thakor, Anjan V. 21 Freixas, Xavier 20 Levine, Ross 17 Martin, Antoine 17 Boot, Arnoud W. A. 16 Kose, M. Ayhan 16 Bolton, Patrick 15 Gambacorta, Leonardo 15 Loayza, Norman 15 Buch, Claudia M. 14 Fecht, Falko 14 Greenwood, Jeremy 14 Hasan, Iftekhar 14 Philippon, Thomas 14 Thadden, Ernst-Ludwig von 14 Boyarchenko, Nina 13 Degryse, Hans 13 Fuster, Andreas 13 Hellwig, Martin 13 Laeven, Luc 13 Tyrell, Marcel 13 Monnet, Cyril 12 Shleifer, Andrei 12 Uhlig, Harald 12 Vishny, Robert W. 12 Aizenman, Joshua 11 Craig, Ben R. 11 Greenbaum, Stuart I. 11 Kitano, Shigeto 11 Koetter, Michael 11 Landvoigt, Tim 11 Nanda, Ramana 11
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Institution
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National Bureau of Economic Research 75 World Bank 9 Internationaler Währungsfonds 6 SUERF - The European Money and Finance Forum 5 Asian Development Bank 4 Basel Committee on Banking Supervision 4 International Organization of Securities Commissions 4 The Wharton Financial Institutions Center 4 USA / Committee on Governmental Affairs / Permanent Subcommittee on Investigations 4 Bank für Internationalen Zahlungsausgleich / Währungs- und Wirtschaftsabteilung 3 Federal Reserve Bank of San Francisco 3 Harvard Institute for International Development 3 World Bank / Development Research Group / Finance 3 Agencija za Ikonomičeski Analiza i Prognozi <Sofia> 2 Association Française des Investisseurs en Capital 2 Bank für Internationalen Zahlungsausgleich / Committee on Payments and Market Infrastructures 2 Colloquium/Conference "Money, Regulation and Growth: Financing New Growth in Europe" <2014, Mailand> 2 Enhancing Poor's Capability and Financial Inclusion <Veranstaltung> <2017, Islamabad> 2 European Systemic Risk Board 2 Europäische Zentralbank 2 Finafrica 2 Fondazione Giordano Dell'Amore 2 Institute of Finance and Accounting <London> 2 International Association of Insurance Supervisors 2 Narodowy Bank Polski 2 NetLibrary, Inc 2 OECD 2 Springer Fachmedien Wiesbaden 2 The Role of Islamic Financial Inclusion in Achieving Sustained Economic Growth and Poverty Alleviation in IsDB Member Countries <Veranstaltung> <2018, Khartum> 2 Türkiye İstatistik Kurumu 2 University of Chicago / Center for Research in Security Prices 2 Università degli studi di Bergamo 2 World Bank Group 2 World Bank Institute / Economic Policy and Poverty Reduction 2 World Institute for Development Economics Research 2 ANU College of Asia and the Pacific 1 American Mutual Insurance Alliance 1 Asociación de Investigación y Estudios Sociales 1 Association of Casualty and Surety Companies 1 Associazione Borsisti Marco Fanno 1
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Published in...
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NBER working paper series 73 Working paper / National Bureau of Economic Research, Inc. 71 Discussion paper / Centre for Economic Policy Research 45 NBER Working Paper 44 Journal of banking & finance 43 Staff reports / Federal Reserve Bank of New York 40 Journal of financial intermediation 33 Discussion papers / CEPR 27 IMF working paper 26 Journal of financial economics 25 Policy research working paper : WPS 23 The review of financial studies 23 IMF working papers 22 Working paper 22 The journal of finance : the journal of the American Finance Association 20 Journal of economic dynamics & control 18 CESifo working papers 17 IMF Working Paper 17 Working papers / Bank for International Settlements 17 Discussion paper / Tinbergen Institute 16 Europäische Hochschulschriften / 5 16 Journal of monetary economics 16 Working paper series / European Central Bank 16 Journal of money, credit and banking : JMCB 15 Macroeconomic dynamics 14 Applied economics 13 BIS Working Paper 13 Finance and economics discussion series 13 Revue d'économie financière : revue trimestrielle de l'Association Europe finances régulations 13 Working papers / Federal Reserve Bank of Philadelphia, Research Department 13 European economic review : EER 12 Journal of economic theory 12 Journal of financial stability 12 Journal of international money and finance 12 Policy research working paper 12 Discussion paper / Center for Economic Research, Tilburg University 11 Journal of financial services research : JFSR 11 Working papers / Financial Institutions Center 11 BIS working papers 10 Economic theory : official journal of the Society for the Advancement of Economic Theory 10
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Source
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ECONIS (ZBW) 4,053 EconStor 69 USB Cologne (EcoSocSci) 26 ArchiDok 3
Showing 1 - 50 of 4,151
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Do costly internal equity injections reveal bank expectations about post-crisis real outcomes?
Gupta, Arun; Sapriza, Horacio - 2023
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Sudden yield reversals and financial intermediation in emerging markets
Sarmiento, Miguel - 2022
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Efficiency-stability trade-off in financial systems: a multi-objective optimization approach
Alexandre, Michel; Michalak, Krzystof; Silva, Thiago … - 2022
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The role of non-bank financial institutions in the intermediation of capital flows to emerging markets
Moro, Alessandro; Schiavone, Alessandro - 2022
This paper compares the behaviour of banks with that of non-bank financial institutions (NBFIs) in the intermediation of portfolio flows to emerging market economies (EMEs). Our analysis shows that investment funds, a key component of NBFIs, tend to reduce their exposure to EMEs more than banks...
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Do bankers matter for main street? The financial intermediary labor channel
Chen, Yuchen; Favilukis, Jack Y; Lin, Xiaoji; Zhao, Xiaofei - 2022
The financial economics literature emphasizes the stress of financial intermediaries (FIs), measured by leverage and collateral constraints, as an important driver of asset prices and quantities. We identify a new and equally important channel through which FIs affect risk and the real sector:...
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Financial intermediaries and the macroeconomy : evidence from a high-frequency identification
Ottonello, Pablo; Song, Wenting - 2022 - Last updated: May 20, 2022
We provide empirical evidence of the causal effects of changes in financial intermediaries' net worth on the aggregate economy. Our strategy identifies financial shocks as high-frequency changes in the market value of intermediaries' net worth in a narrow window around their earnings...
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Finance leases : in the shadow of banks
Chang, Jeffery; Yang, Ting; Shi, Yanping - In: Review of finance : journal of the European Finance … 26 (2022) 3, pp. 721-749
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Fintech and the Digital Transformation of Financial Services : Implications for Market Structure and Public Policy
World Bank - 2022
This note examines the implications of digital innovation for market structure and attendant policies, including financial and competition regulation. There have been several surveys of regulatory responses. This note takes a step back, to look at what the economic theory of banking and...
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Fintech Lenders : A Threat to Shadow Banks?
Banerjee, Ashok; Banerjee, Anirban; Mukherjee, Deep Narayan - 2022
We study the personal loan segment of the consumer credit market using individual loan-level data covering fintech, non-banking financial companies, and traditional banks as lenders. We show that fintech lenders dominate the small-ticket loan and provide stiff competition to non-banking...
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Challenges of Banking Intermediation in the Pandemic Era
Sugiarto, Agus; Puspani, Ni Nyoman; Pravitasari, … - 2022
Towards the end of 2020, the credit crunch is a term that is being discussed and has become a hot issue in the Indonesian financial sector. The credit crunch is due to credit decline during the pandemic, which indicates a credit crunch in Indonesia. The credit crunch is the reluctance of banks...
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Financial Intermediation and Flights to Safety
Pegoraro, Stefano - 2022
I develop a continuous-time game between a population of investors and an intermediary whose type is private information and whose portfolio allocation is neither observable nor contractible. I define and characterize a sequential equilibrium of the game and solve for a Markovian equilibrium...
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Intermediaries’ Substitutability and Financial Network Resilience : A Hyperstructure Approach
Accominotti, Olivier; Lucena, Delio; Ugolini, Stefano - 2022
We propose a new methodology to assess intermediaries’ substitutability in financial networks featuring higher-order structures (credit intermediation chains). We represent the financial network as a hyperstructure and each credit intermediation chain as a hyperedge. This approach allows us to...
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Management of innovations in public administration : strategies to prevent the participation of financial intermediaries in shadow operations
Kuznyetsova, Angela; Tiutiunyk, Inna; Panimash, Yuliia; … - In: Marketing i menedžment innovacij : m&mi 13 (2022) 3, pp. 125-138
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The Transmission of Financial Shocks and Leverage of Financial Institutions : An Endogenous Regime Switching Framework
Hubrich, Kirstin; Waggoner, Daniel F. - 2022
We conduct a novel empirical analysis of the role of leverage of financial institutions for the transmission of financial shocks to the macroeconomy. For that purpose we develop an endogenous regime-switching structural vector autoregressive model with time-varying transition probabilities that...
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Intermediary-based loan pricing
Mabille, Pierre; Wang, Olivier - 2022 - Revised version of 2022/45/FIN
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Default or profit scoring credit systems? : evidence from European and US peer-to-peer lending markets
Lyócsa, Štefan; Vašaničová, Petra; Hadji Misheva, … - In: Financial innovation : FIN 8 (2022), pp. 1-21
For the emerging peer-to-peer (P2P) lending markets to survive, they need to employ credit-risk management practices such that an investor base is profitable in the long run. Traditionally, credit-risk management relies on credit scoring that predicts loans' probability of default. In this...
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What if? : electricity as money
Gautschi, David A.; Gautschi, Heidi C.; Tucci, … - In: Journal of risk and financial management : JRFM 15 (2022) 4, pp. 1-24
Responding to the influences of climate change, on the one hand, and selected benefits of digital technology, on the other hand, an energy transition of global scale appears to be underway. Many observers project that a significant element of the energy transition will be a growing dependence on...
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Financial intermediation and the welfare theorems in incomplete markets
Bettzüge, Marc Oliver; Hens, Thorsten; Zierhut, Michael - In: Economic theory 73 (2022) 2/3, pp. 457-486
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Spatial disparity of skill premium in China : the role of financial intermediation development
Lai, Tat-kei; Wang, Luhang - 2022
In China, the relative wages of high-skilled and low-skilled workers display huge variation across different regions. We examine whether financial intermediation development can explain such variation. Conceptually, better-developed financial intermediation helps financially-constrained firms...
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The transmission of financial shocks and leverage of financial institutions : an endogenous regime-switching framework
Hubrich, Kirstin; Waggoner, Daniel F. - 2022
We conduct a novel empirical analysis of the role of leverage of financial institutions for the transmission of financial shocks to the macroeconomy. For that purpose, we develop an endogenous regime-switching structural vector autoregressive model with time-varying transition probabilities that...
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Dynamic asset-backed security design
Ozdenoren, Emre; Yuan, Kathy; Zhang, Shengxing - 2022
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The role of disclosure and information intermediaries in an unregulated capital market : evidence from initial coin offerings
Bourveau, Thomas; George, Emmanuel T. de; Ellahie, Atif; … - In: Journal of accounting research 60 (2022) 1, pp. 129-167
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The role of non-bank financials in the formation of long-term resources for economic growth in Russia
Travkina, Elena Vladimirovna; Ternovskaya, Elena Petrovna; … - In: Economies : open access journal 10 (2022) 1, pp. 1-11
The development of the activities of non-bank financial institutions that accumulate the resources of the national savings system on a long-term basis is seen as a factor in increasing investment in the Russian economy and its growth rates. When carrying out the study, we used general scientific...
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Examining the causal relationship between financial intermediation and poverty in selected developing countries
Magwedere, Margaret R.; Chisasa, Joseph; Marozva, Godfrey - In: International journal of economics and financial issues … 12 (2022) 1, pp. 75-84
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Firm subsidies, financial intermediation, and bank risk
Kazakov, Aleksandr; Koetter, Michael; Titze, Mirko; … - 2022
We study whether government subsidies can stimulate bank funding of marginal investment projects and the associated effect on financial stability. We do so by exploiting granular project-level information for the largest regional economic development programme in Germany since 1997: the...
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Informed intermediaries
Onuchic, Paula - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 1, pp. 57-87
I develop a theory of intermediation in a market where agents meet bilaterally to trade and buyers cannot commit to payments. Some agents observe the past trading history of traders in the market. These informed agents can secure trades by punishing traders who previously defaulted. The...
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Stablecoins: growth potential and impact on banking
Liao, Gordon Y.; Caramichael, John - 2022
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Financial Intermediation and Monetary Policies in the World Economy
Grilli, Vittorio; Roubini, Nouriel - 2022
In this paper we investigate the role of credit institutions in transmitting monetary shocks to the domestic economy and to the rest of the world output. In modeling the monetary and financial sector of the economy we distinguish between monetary injections via lump-sum transfers to individuals...
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Macroprudential regulation of investment funds
Di Iasio, Giovanni; Kaufmann, Christoph; Wicknig, Florian - 2022
The investment fund sector, the largest component of the non-bank financial system, is growing rapidly and the economy is becoming more reliant on investment fund financial intermediation. This paper builds a dynamic stochastic general equilibrium model with banks and investment funds. Banks...
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A macro financial model for the Chilean economy
Calani, Mauricio; García, Benjamín; Gómez, Tomás; … - 2022
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A structural model of liquidity in over‑the‑counter markets
Coen, Jamie; Coen, Patrick - 2022
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The role of non-bank financial institutions in the intermediation of capital flows to emerging markets
Moro, Alessandro; Schiavone, Alessandro - 2022
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The digital economy, privacy, and CBDC
Ahnert, Toni; Hoffmann, Peter; Monnet, Cyril - 2022
We study a model of financial intermediation, payment choice, and privacy in the digital economy. Cash preserves anonymity but cannot be used for more efficient online transactions. By contrast, bank deposits can be used online but do not preserve anonymity. Banks use the information contained...
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Central bank digital currency and bank intermediation : exploring different approaches for assessing the effects of a digital euro on euro area banks
Adalid, Ramón; Álvarez-Blázquez, Álvaro; … - 2022
In July 2021 the Eurosystem decided to launch the investigation phase of the digital euro project, which aims to provide euro area citizens with access to central bank money in an increasingly digitalised world. While a digital euro could offer a wide range of benefits, it could prompt changes...
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Discovering the true Schumpeter : new insights into the finance and growth nexus
Bofinger, Peter; Geißendörfer, Lisa; Haas, Thomas; … - 2022
Joseph A. Schumpeter is one of the most famous economists of the 20th century and the ’patron saint’ of the finance and growth literature. We have discovered that the prevailing literature has, however, misinterpreted Schumpeter, which leads to puzzling empirical results and difficulties in...
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Macroprudential policy and institutional arrangement
Abubakar, Arlyana; Setiawan, Yanti - In: Central Bank Policy Mix: Issues, Challenges, and Policy …, (pp. 93-108). 2022
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Shadow Banking in the Euro Area : An Overview
Bakk-Simon, Klára; Borgioli, Stefano; Giron, Celestino; … - 2022
Shadow banking, as one of the main sources of financial stability concerns, is the subject of much international debate. In broad terms, shadow banking refers to activities related to credit intermediation and liquidity and maturity transformation that take place outside the regulated banking...
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Intermediary Profits in a Time of Scarcity
Garmaise, Mark J.; Jansen, Mark; Snyder, Jason - 2022
We study the impact of scarcity on intermediary profits through an analysis of the effects of the 2011 Japanese tsunami on the U.S. used car market. The tsunami devastated Japanese new car production for several months, which we show led to a demand surge for used cars. Wholesale and retail...
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Decentralized Finance (DeFi) Markets for Startups : Search Frictions, Intermediation, and Efficiency
Momtaz, Paul P. - 2022
This paper examines the role of intermediation for the efficiency of Decentralized Finance (DeFi) markets for startups, with an application to Initial Coin Offerings (ICOs). ICO intermediation is a contentious issue. Existing research fails to explain the trade-off between intermediated and...
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Deposit Insurance and Financial Intermediaries : Impacts on the Market Discipline of the Brazilian Banking Industry
Pinheiro Ohlson, Marília; Lima, Gerlando Augusto … - 2022
This study seeks to assess the phenomenon of market discipline in Brazil and analyze whether the increase in deposit insurance coverage in 2013 and the role of financial intermediaries in the funding market changed this discipline. The database includes accounting information of Brazilian banks...
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Non-bank Financial Institutions and the Functioning of Government Bond Markets
Eren, Egemen; Wooldridge, Philip D. - 2022
The structure of market making in government bond markets has shifted from a bank-centric model to a hybrid one in which non-bank financial institutions, notably principal trading firms and hedge funds, play an important role alongside banks. This shift has occurred in several countries and,...
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Fintech Disruption, Banks, and Credit (Dis-)Intermediation : When Do Foes Become Friends?
Boualam, Yasser; Yoo, Paul - 2022
We build a financial intermediation model wherein bank and fintech intermediaries differ in their enforcement technology, reliance on collateral, and funding cost and compete or partner within frictional credit markets. The model explains the emergence and coexistence of three forms of lending...
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Dissecting Mechanisms of Financial Crises : Intermediation and Sentiment
Krishnamurthy, Arvind; Li, Wenhao - 2022
We develop a model of financial crises with both a financial amplification mechanism, via frictional intermediation, and a role for sentiment, via time-varying beliefs about an illiquidity state. We confront the model with data on credit spreads, equity prices, credit, and output across the...
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Endogenous Intermediation in Security Lending Networks
Yenerdag, Erdem - 2022
We study intermediation chains in over-the-counter markets in which agents interact with counter-parties for lending and borrowing liquid assets with collateral under incomplete information. Given a financial network, liquid assets are allocated from initial lenders to final borrowers through a...
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Intermediary capitalization and asset demand
Wittwer, Milena - 2022
We study if and how intermediary capitalization affects asset demand and prices. We introduce a model with strategic but capital-constrained intermediaries to show that lower capitalization or weaker capital requirements lead intermediaries to demand more of the asset at higher prices because it...
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Financial Intermediaries and Contagion in Market Efficiency : The Case of ETFs
Hong, Claire Yurong; Li, Frank Weikai; Subrahmanyam, … - 2022
Capital constraints of financial intermediaries can affect liquidity provision. We investigate whether these constraints spillover and consequently cause contagion in the degree of market efficiency across assets managed by a common intermediary. Specifically, we provide evidence of strong...
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When Uncle Sam Introduced Main Street to Wall Street : Liberty Bonds and the Transformation of American Finance
Hilt, Eric; Jaremski, Matthew; Rahn, Wendy - 2022
We study the effects of the liberty bond drives of World War I on financial intermediation in the 1920s and beyond. Using panel data on U.S. counties, and an instrument that captures differences in the approaches used to market the bonds, we find that higher liberty bond subscription rates led...
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Intermediary Frictions and Asset Pricing
Grundy, Bruce D.; Verwijmeren, Patrick; Yang, Antti - 2022
We investigate the effect of intermediary frictions on asset pricing by examining the role of intermediaries in the convertible bond market. Buy-and-hedge intermediaries distribute new convertible issues but face costs in doing so. We demonstrate that these costs affect the price of...
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Monetary Policy, Macroprudential Policy and Financial Stability
Laeven, Luc; Maddaloni, Angela; Mendicino, Caterina - 2022
Recent research developed under the ECB research task force on Monetary Policy, Macroprudential Policy and Financial Stability highlights the existence of trade-offs and spillovers that monetary policy and macroprudential authorities face when deciding on their policy interventions. Monetary...
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DeFi : Shadow Banking 2.0?
Allen, Hilary J. - 2022
The growth of so-called “shadow banking” was a significant contributor to the financial crisis of 2008, which had huge social costs that we still grapple with today. Our financial regulatory system still hasn’t fully figured out how to address the risks of the derivatives, securitizations,...
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