Banks of a Feather: The Informational Advantage of Being Alike
Journal of Money, Credit and Banking, EarlyView.Abstract Banks lend more to banks that are similar to them. Using data from the German credit register and proprietary supervisory data on the quality of banks' loan portfolio, we show that a similar portfolio of the lending and borrowing bank helps to overcome information asymmetries in interbank markets.
PETER BEDNAREK +3 more
wiley +1 more source
An Extended Structural Credit Risk Model (forthcoming in the Icfai Journal of Financial Risk Management; all copyrights rest with the Icfai University Press) [PDF]
This paper presents an extended structural credit risk model that pro- vides closed form solutions for fixed and floating coupon bonds and credit default swaps. This structural model is an "extended" one in the following sense.
Marco Realdon
core
Cyberattacks on Small Banks and the Impact on Local Banking Markets
Journal of Money, Credit and Banking, EarlyView.Abstract Cyberattacks on small banks have direct and spillover effects in local markets. Following successful cyberattacks, hacked small banks experience a decline in deposit growth rates. This effect of cyberattacks is not observed in hacked large banks.
FABIAN GOGOLIN +2 more
wiley +1 more source
A Comprehensive Revisit to the Safe‐Haven Assets Literature
Journal of Economic Surveys, EarlyView.ABSTRACT A large number of studies examine the safe‐haven characteristics of different asset classes. However, this paper addresses a lack of systematic literature reviews and bibliometric analyses with a sound theoretical viewpoint the safe‐haven assets literature by focusing on 1305 studies published in top‐tier journals during 2013–2026 from the ...
Javed Bin Kamal +3 more
wiley +1 more source
An Algorithm for the Pricing and Timing of the Option to make a Two-Stage Investment with Credit Guarantees. [PDF]
Comput Econ, 2022 Dong L, Yang Z.
europepmc +1 more source
A unified approach to credit default swaption and constant maturity credit default swap valuation [PDF]
, 2022 Martin Krekel, Jörg Wenzel
openalex +1 more source
Political and Institutional Development in England
The Manchester School, EarlyView.ABSTRACT This paper revisits the political and institutional development of England from the Magna Carta to the Glorious Revolution. I argue that institutional change in this period is best understood through the lens of coalition formation. Political elites had heterogeneous preferences over first two, and then three, recurring axes of disagreement ...
Mark Koyama
wiley +1 more source
Are There Arbitrage Opportunities in Credit Derivatives Markets? A New Test and an Application to the Case of CDS and ASPs [PDF]
, 2009 This paper analyzes possible arbitrage opportunities in credit derivatives markets using selffinancing strategies combining Credit Default Swaps and Asset Swaps Packages.
Mayordomo, Sergio +2 more
core +1 more source
Noûs, EarlyView.ABSTRACT Virtue epistemology has long struggled with the “Creditability Dilemma”: how can knowledge gained through deference be creditable to the knower if it primarily depends on others’ cognitive work? We propose a novel solution by developing a telic account of doxastic deference as a distinctive kind of social‐epistemic performance.
J. Adam Carter, Jesper Kallestrup
wiley +1 more source
Borsa Istanbul ReviewUsing the panel-data approach with a sample of emerging countries, this study examines the relationship between exchange-rate movements from 2011 to 2022, on the one hand, and sovereign debt credit default swap (CDS) premiums and market volatility, on ...
Alan T. Wang, Chin-Chia Liang
doaj +1 more source