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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 ...
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 ...
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 ...
Enforcement of banking regulation and the cost of borrowing
(01.04.2019)
Journal of Banking and Finance April
Journal of Banking and Finance April
We show that borrowing firms benefit substantially from important enforcement actions issued on U.S. banks for safety and soundness reasons. Using hand-collected data on such actions from the main three U.S. regulators and ...
Employee Treatment and Contracting with Bank Lenders : An Instrumental Approach for Stakeholder Management
(15.08.2019)
Journal of Business Ethics 4
Journal of Business Ethics 4
Adopting an instrumental approach for stakeholder management, we focus on two primary stakeholder groups (employees and creditors) to investigate the relationship between employee treatment and loan contracts with banks. ...
Switching costs and financial stability
(04.03.2019)
Journal of Financial Stability April
Journal of Financial Stability April
We establish that the effect of intensified deposit market competition, measured by reduced switching costs, on the probability of bank failures depends critically on whether we focus on competition with established customer ...
What Can We Learn from the Real Bills Doctrine?
(15.01.2019)
Credit and Capital Markets 1
Credit and Capital Markets 1
The historical development of bank liquidity doctrines is surveyed from the real bills doctrine and its antecedents to the present day. The underlying ideas of the succession of several dominant liquidity doctrines are ...