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Bank Market Power and Loan Contracts: Empirical Evidence
(12.06.2017)
Economic Notes 3 ; November
Economic Notes 3 ; November
Using a sample of syndicated loan facilities granted to US corporate borrowers from 1987 to 2013, we directly gauge the lead banks’ market power, and test its effects on both price and non-price terms in loan contracts. ...
Bank Stability and the European Deposit Insurance Scheme
(15.05.2019)
Revue de l'OFCE Special issue 2019
Revue de l'OFCE Special issue 2019
Empirical evidence shows that a financial distress, faced by a bank or the whole economy, might cause large-scale withdrawals of deposits even when bank deposits are protected by deposit insurance, implicitly or explicitly ...
Regulation of short-term consumer credits
(08.04.2019)
Journal of Banking Regulation 4 ; December
Journal of Banking Regulation 4 ; December
The regulation of short-term consumer credit markets is heatedly debated around the world. This article uses economic research as a basis for a qualitative assessment of the regulation of the short-term consumer credit ...
Miksi Suomi säästyi pankkikriisiltä?
(18.12.2017)
Kansantaloudellinen aikakauskirja 4/2017
Kansantaloudellinen aikakauskirja 4/2017
Suomen pankkikriisi ja sen syventämä suuri lama 1990-luvun alussa on vakavuudessaan opettavainen tarina siitä, miten pankkisektori ja koko talous voi joutua ennakoimattoman suuriin vaikeuksiin yrityssektorin huonon ...
Trust in Banks
(15.01.2019)
Journal of Economic Behavior and Organization January
Journal of Economic Behavior and Organization January
Trust in banks is considered essential for an effective financial system, yet little is known about what determines trust in banks. Only a handful of single-country studies discuss the topic, so this paper aims to fill the ...
The economic impact of changes in local bank presence
(04.05.2019)
Regional Studies 5
Regional Studies 5
This study analyzes the economic consequences of changes in the local bank presence. Using a unique data set of banks, firms and counties in Poland over the period 2009–14, it is shown that changes strengthening the ...
Trusting banks in China
(26.04.2018)
Pacific Economic Review 2 ; May ; 2018
Pacific Economic Review 2 ; May ; 2018
Trust in banks is essential to financial system effectiveness. The present study examines the determinants of trust in banks in China. Using the most recent wave of the World Values Survey, which included information on ...
Cyclicality of bank liquidity creation
(15.07.2018)
Journal of International Financial Markets, Institutions and Money July ; 2018
Journal of International Financial Markets, Institutions and Money July ; 2018
This paper investigates the cyclicality of bank liquidity creation. Since liquidity creation is a major economic function of banks, their liquidity creation behavior may amplify business cycle fluctuations. Using the ...
Uncertainty shocks and firm creation : Search and monitoring in the credit market
(15.02.2019)
Journal of Economic Dynamics and Control February
Journal of Economic Dynamics and Control February
We develop a business cycle model where endogenous firm creation stems from two credit market frictions. First, entrepreneurs search for a lending relationship with a bank. Second, an optimal debt contract with monitoring ...
What drives discretion in bank lending? : Some evidence and a link to private information
(11.07.2019)
Journal of Banking & Finance September
Journal of Banking & Finance September
We assess the extent to which discretion, unexplained variations in the terms of a loan contract, has varied across time and lending institutions and show that part of this discretion is due to private information that ...