Results 1 to 10 of about 82,071 (46)
Banks as Lenders of First Resort: Evidence from the COVID-19 Crisis
The Review of Corporate Finance Studies, 2020 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
Electoral Cycles in Macroprudential Regulation
Social Science Research Network, 2023 Do politics matter for macroprudential policies? I show that changes in macroprudential regulation exhibit a predictable electoral cycle in the run-up to 221 elections across 58 countries from 2000 through 2014.
Karsten Müller
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Systemic Risk and Stability in Financial Networks
, 2015 This paper argues that the extent of financial contagion exhibits a form of phase transition: as long as the magnitude of negative shocks affecting financial institutions are sufficiently small, a more densely connected financial network (corresponding ...
Daron Acemoglu +2 more
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The dark side of liquidity regulation: Bank opacity and funding liquidity risk
Journal of Financial Intermediation, 2022 We evaluate how the liquidity coverage rule affects US banks’ opacity and funding liquidity risk. Banks subject to the rule become significantly more opaque and funding liquidity risk increases by $245 million per quarter.
Arisyi F. Raz +2 more
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Mortgage Pricing and Monetary Policy
Social Science Research NetworkThis paper examines how central bank policies influence mortgage pricing in the United Kingdom. It shows that lenders price discriminate by offering two-part tariffs of interest rates and origination fees, and during unconventional monetary policies like
M. Benetton, A. Gavazza, P. Surico
semanticscholar +1 more source
Banking Networks and Economic Growth: From Idiosyncratic Shocks to Aggregate Fluctuations
Social Science Research NetworkThis paper investigates the role of banking networks in the transmission of shocks across borders. Combining banking deregulation in the United States with state-level idiosyncratic demand shocks, we show that geographically diversified banks reallocate ...
Shohini Kundu, Nishant Vats
semanticscholar +1 more source
Digital financing for SMEs' recovery in the post-COVID era: A bibliometric review
Frontiers in Sustainable Cities, 2022 The restrictions that have been implemented due to the COVID-19 pandemic have highlighted the growing importance of digital financing. While traditional banking services have been limited by social distancing, reduced work hours, and lockdowns, digital ...
Alfonso Pellegrino, M. Abé
semanticscholar +1 more source
The Invisible Hand of the Government: Moral Suasion during the European Sovereign Debt Crisis
American Economic Journal: Macroeconomics, 2019 Using proprietary data on banks’ monthly securities holdings, we show that during the European sovereign debt crisis, domestic banks in fiscally stressed countries were considerably more likely than foreign banks to increase their holdings of domestic ...
S. Ongena +2 more
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Disentangling the Effect of Trust on Bank Lending
Social Science Research Network, 2023 Please do not quote without the permission of the authors. Abstract This paper examines the effect of trust on bank lending using a sample of commercial banks in 34 countries around the world.
Christina Nicolas +2 more
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A Macroeconomic Framework for Quantifying Systemic Risk
American Economic Journal: Macroeconomics, 2019 Systemic risk arises when shocks lead to states where a disruption in financial intermediation adversely affects the economy and feeds back into further disrupting financial intermediation.
Zhiguo He, A. Krishnamurthy
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