Achieving a strong and efficient monetary cycle is of great importance and necessity due to the dependency of corporates on banks in Iran. Owing to the importance of cash management in firms, this study assesses the impact of bank health on Cash flow sensitivity of cash of listed corporates on Tehran Stock Exchange (TSE) by analyzing 102 firms which have received facilities from 20 active Irani...

This paper proposes the yield spread between public bonds and bank loans of the same firm (the Bond-Bank spread) as a measure of compensation for agency costs that cannot be mitigated by bondholders but can be mitigated by banks due to their ability to monitor the firm and renegotiate the loan. In a model of debt pricing and choice, the tradeoff between firm moral hazard and bank opportunism, l...

I present evidence that the cross-guarantee authority granted to the FDIC by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 has unexpectedly strengthened the Federal Reserve's source-of-strength doctrine. In particular, I find that a bank affiliated with a multi-bank holding company is significantly safer than either a stand-alone bank or a bank affiliated with a one-b...

SECTION 36 (c) (1) of the National Bank Act permits a national bank to establish branches within the city of the parent bank "if such establishment and operation are at the time expressly authorized to State banks by the law of the State."1 The quoted clause is also contained in section 36 (c) (2) which authorizes the establishment of national branches at any point in the state, expressly subje...

In recent years, considerable research has they take as evidence for a bank lending explored the role played by bank lending in channel. the transmission of monetary shocks. In conWe reexamine KSW's analysis. In contrast trast to the traditional Keynesian transmission to KSW's use of aggregate data, we analyze mechanism that operates strictly through inthe mix of bank and nonbank debt separatel...

The skewed-associative cache achieves low miss rates with limited associativity by using inter-bank dispersion, the ability to disperse blocks over many sets in one bank if they map to the same set in another bank. This paper formally defines the degree of inter-bank dispersion and argues that high inter-bank dispersion conflicts with common micro-architectural designs in which the skewed-assoc...

In many open-rich financially developed countries, the central bank (CB) plays an important role in the development of a sound and effective financial system in particular, and economic development and stabilization of the economy in general. In these countries, the governance of the CB is based on the three main principles of New Public Management (NPM) known as the three ‘pillars’, which incl...

I n September 2007, television viewers and newspaper readers around the world saw pictures of what looked like an old-fashioned bank run—that is, depositors waiting in line outside the branch offices of a United Kingdom bank called Northern Rock to withdraw their money. The previous U.K. bank run before Northern Rock was in 1866 at Overend Gurney, a London bank that overreached itself in the ra...

Our main aim was to determine the contribution of the seed bank to vegetation regeneration following a disturbance consisting in a deep ploughing and a thorough homogenisation of a perennial grassland. In the seed bank prior to disturbance, seed distribution through the vertical soil profile was evaluated to determine the initial seed species structure. Then, several characteristics of the shal...