Results 31 to 40 of about 82,039 (45)

AD Two Become One: Foreign Capital and Household Credit Expansion

The Review of financial studies
Rapid credit expansions predict lower output growth and banking crises, but does it matter who finances them? We identify the ultimate counterparties financing credit expansions in a panel of 33 advanced economies and find that foreign-financed ...
Lukas Diebold, Björn Richter
semanticscholar   +1 more source

Market Valuation of Cash Holdings: Role of Default Risk During COVID-19

Journal of Emerging Market Finance
This study utilizes the exogenous shock of the COVID-19 pandemic to test whether the market values the precautionary motive of cash holding. Our analysis considers the period 2017–2020 to capture the market value of cash holdings owing to the ...
S. Chakraborty, Mehul Raithatha, T. Shaw
semanticscholar   +1 more source

Nonbank Lending and Credit Cyclicality

The Review of financial studies
We study the contribution of banks and nonbanks to cyclical fluctuations in the supply of syndicated loans. We find that a reduction in nonbank lending explains most of the contraction in syndicated credit and the associated employment losses during ...
Quirin Fleckenstein, Manasa Gopal, G. Gutiérrez, Sebastian Hillenbrand   +3 more
semanticscholar   +1 more source

Fiscal Policy and Credit Supply in a Crisis

The American Economic Review
We measure how cuts to public procurement propagate through the banking system in a financial crisis. During the European sovereign debt crisis, the Portuguese government cut procurement spending by 4.3 percent of GDP. We find that this cut saddled banks
Diana Bonfim, Miguel A. Ferreira, Francisco Queiró, Sujiao Zhao   +3 more
semanticscholar   +1 more source

Stress Test and Credible Information Disclosure

The Review of Corporate Finance Studies
We model credibility challenges financial regulators often face when disclosing bank stress test results. Since disclosures influence banks’ risk-taking and depositors’ withdrawal decisions, regulators may have incentives to misreport.
Arpit Kumar Parija
semanticscholar   +1 more source

Role of RBI in Foreign Exchange Management

Prajnan: Journal of Banking and Financial Management
The role of the Reserve Bank of India (RBI) in foreign exchange management has changed since independence. From strict control of foreign exchange resources before the balance of payments crisis of 1991, it moved to a more liberalized exchange rate ...
Radha Shyam Ratho, Saurabh Gupta, Sabyasachi Sarangi   +2 more
semanticscholar   +1 more source

Credit Supply Shocks and Prices: Evidence from Danish Firms

American Economic Journal: Macroeconomics
We study the response of firms’ output prices to a cut in credit supply. We combine data on loans between Danish firms and banks with survey-based producer prices and transaction-based export unit values.
Tobias Renkin, Gabriel Züllig
semanticscholar   +1 more source

A Regional Analysis of the Impacts of Changes in Housing Values on Property Tax Assessment During and After the 2008 Financial Crisis

State and Local Government Review
This study examines the relationship between changing house prices and assessed value in the Detroit Michigan region. Using parcel-level data from 2008 through 2016, we construct a Hedonic Housing Price Index and an Assessed Value Index for 120 Michigan ...
Yunni Deng, Mark Skidmore
semanticscholar   +1 more source

Does Liquidity Management Induce Fragility in Treasury Prices? Evidence from Bond Mutual Funds

The Review of financial studies
Mutual funds investing in illiquid corporate bonds actively manage Treasury positions to buffer redemption shocks. This liquidity management practice can transmit non-fundamental fund flow shocks onto Treasuries, generating excess return volatility ...
Shiyang Huang, Wenxi Jiang, Xiaoxi Liu, Xin Liu   +3 more
semanticscholar   +1 more source

Monetary Policy Reaction to COVID-19 and Their Economic Impact in Central America and the Dominican Republic

Journal of Emerging Market Finance
This study aims to recognize and succinctly evaluate the monetary policy implemented during the COVID-19 pandemic, as well as in the immediate recovery period, and their economic impact in Central America and the Dominican Republic (CARD).
Jesús Antonio López Cabrera, Enrique González Mata, J. Wu   +2 more
semanticscholar   +1 more source