منابع مشابه
Bank Lending and Credit Supply Shocks
This paper analyzes the linkages between credit supply conditions and bank lending. Building on the recent work of Gilchrist and Zakraǰsek [2011], we use the excess bond premium—a component of corporate credit spreads designed to measure shifts in the risk attitudes of financial intermediaries—to empirically identify credit supply shocks. Our results indicate that shocks to the excess bond prem...
متن کاملCredit Risk Transfer and Bank Lending
We study the difference between loan sales and credit default swaps. A bank lends money to an entrepreneur to undertake a positive NPV project. After the loan has been made, the bank finds out if the project benefits from monitoring and if it should sell the loan to release regulatory capital. A bank can lay off credit risk by either selling the loan or by buying credit insurance through a cred...
متن کاملPreliminary Draft Consistency of Internal versus External Credit Ratings and Insurance and Bank Regulatory Capital Requirements
The views expressed herein are not necessarily those of the Board of Governors, other members of its staff, or the Federal Reserve System. Thanks to Mike Zurcher and all the members of the Private Placement Committee for useful conversations and to the Society of Actuaries Credit Risk Loss Experience Study for the data.
متن کاملCapital Ratios and Credit Ratings as Predictors of Bank Failures
We examine the power of various capital ratios — scaled by total assets, riskweighted assets and gross revenues — to forecast U.S. bank failures. Capital ratios are the centerpiece of the 1988 Basel Accord, and various ratios are currently under consideration in Basel in connection with one of the three “pillars” of a more comprehensive approach to capital adequacy. Using data for the period 19...
متن کاملSMEs and Bank Lending Relationships:
This paper studies the impact of bank mergers on firm-bank lending relationships using information from individual loan contracts in Belgium. We analyse the effects of bank mergers on the probability of borrowers maintaining their lending relationships and on their ability to continue tapping bank credit. The Belgian financial environment reflects a number of interesting features: high banking ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2018
ISSN: 1556-5068
DOI: 10.2139/ssrn.3239956