Results 11 to 20 of about 3,072,717 (390)
Perceptual multistability is well-known and mostly visually demonstrated: Common examples are Necker's cube or Rubin's face-vase that produce qualitatively different percepts continuously oscillating between the solutions despite physically stable stimuli.
Malin Styrnal+2 more
openaire +3 more sources
We study the interaction between relationship banking and short-term arm’s length activities of banks, called trading. We show that a bank can use the franchise value of its relationships to expand the scale of trading, but may allocate too much capital to trading ex post , compromising its ability to build relationships ex ante .
Arnoud W. A. Boot+4 more
openaire +9 more sources
Banks, Shadow Banking, and Fragility [PDF]
We study a banking model in which regulatory arbitrage induces the existence of shadow banking next to regulated banks. We show that the size of the shadow banking sector determines its stability. Panic-based runs become possible only if this sector is large. Moreover, if regulated banks conduct shadow banking, a relatively larger shadow banking sector
Luck, Stephan, Schempp, Paul
openaire +4 more sources
Banking and Industrialization [PDF]
AbstractWe establish a causal role for banking access in the spread of the Industrial Revolution over the period 1817–1881 by exploiting unique employment data from 10,528 parishes across England and Wales and a novel instrument. We estimate that a one standard deviation increase in 1817 finance employment increases annualized industrial employment ...
Heblich, Stephan, Trew, Alex
openaire +10 more sources
Why do banks fail? We create a panel covering most commercial banks from 1865 through 2023 to study the history of failing banks in the United States. Failing banks are characterized by rising asset losses, deteriorating solvency, and an increasing reliance on expensive non-core funding. Commonalities across failing banks imply that failures are highly
Sergio Correia+2 more
openaire +3 more sources
Tension pneumopericardium in blunt multi‐system trauma in a resource limited setting
Pneumopericardium is defined as the presence of air within the pericardial sac. Pneumopericardium is a rare condition that may occur secondary to blunt trauma, penetrating trauma, pericardial infection with gas‐forming organisms, or iatrogenically ...
Clayton Moore, Matthew Chovaz
doaj +1 more source
Banks as Lenders of First Resort: Evidence from the COVID-19 Crisis
In March 2020, banks faced the largest increase in liquidity demands ever observed. Firms drew funds on a massive scale from preexisting credit lines in anticipation of cash flow and financial disruptions stemming from the advent of the COVID-19 crisis ...
Lei Li, Philip E. Strahan, Song Zhang
semanticscholar +1 more source
Fintech, Regulatory Arbitrage, and the Rise of Shadow Banks
Shadow bank market share in residential mortgage origination nearly doubled from 2007 to 2015, with particularly dramatic growth among online “fintech” lenders.
Greg Buchak+3 more
semanticscholar +1 more source
Do ESG scores effect bank risk taking and value? Evidence from European banks
We examine whether environmental, social and governance (ESG) scores of European banks impact on their risk-taking behavior and on bank value. We find that high ESG scores are associated with a modest reduction in risk-taking for banks that are high or ...
Caterina Di Tommaso, John Thornton
semanticscholar +1 more source
Animals can assign novel odours to a known category
The ability to identify a novel stimulus as a member of a known category allows an organism to respond appropriately towards it. Categorisation is thus a fundamental component of cognition and an essential tool for processing and responding to unknown ...
Hannah F. Wright+8 more
doaj +1 more source