Why do firms strategically delay payments of corporate loans?
Journal of Financial Research, EarlyView.Abstract Firms may prefer to delay some loan payments while continuing to service others because of lender and loan characteristics. I explore the impact of bank‐level and bank‐firm‐level indicators on the strategic delay behaviors of nonfinancial corporations. Three factors play a key role in their strategic delay decisions.
Ahmet Deryol
wiley +1 more source
Public Housing and Household Savings-A Three-Decade Repeated Cross-Sectional Analysis. [PDF]
Int J Environ Res Public HealthZhang Y, Wong MT, Law YW, Yip PSF.
europepmc +1 more source
The Effects of Regulatory Office Closures on Bank Behavior
Journal of Money, Credit and Banking, EarlyView.Abstract We investigate if the decentralized structure of regulatory office networks influences supervisory outcomes and bank behavior. Following the closure of an office, banks previously supervised by that office increase their lending and risk‐taking.
IVAN LIM, JENS HAGENDORFF, SETH ARMITAGE
wiley +1 more source
Wildfires have created instability within risk transfer markets. Here's a path forward. [PDF]
Proc Natl Acad Sci U S AThompson MP +6 more
europepmc +1 more source
Bank Opacity and Safe Asset Moneyness
Journal of Money, Credit and Banking, EarlyView.Abstract A bank is more effective as a supplier of money‐like safe assets when (i) its return on equity (ROE) is relatively lower and (ii) it is relatively more opaque about its balance sheet. A model is presented to support this, emphasizing that safe asset investors focus on the left tail of the collateral value distribution.
SANG RAE KIM
wiley +1 more source
Health-promoting housing policy in a changing climate: integrating affordability, security, and resilience. [PDF]
Health Promot IntMcKee M +3 more
europepmc +1 more source
Liquidity Crises and the Market‐Maker of Last Resort
Journal of Money, Credit and Banking, EarlyView.Abstract We study market illiquidity in an economy subject to nonfundamental shocks. Asset trading occurs via decentralized bargaining. The model has multiple rational expectations equilibria; we associate certain Pareto‐inferior equilibria with liquidity crises.
CHARLES M. KAHN +2 more
wiley +1 more source
Redlining, reinvestment, and racial segregation: a bayesian spatial analysis of mortgage lending trajectories and firearm-related violence. [PDF]
Inj EpidemiolBarboza-Salerno G +3 more
europepmc +1 more source
Nonresponse Bias in Household Inflation Expectations Surveys
Journal of Money, Credit and Banking, EarlyView.Abstract This paper uses microdata from the Reserve Bank of New Zealand's Household Inflation Expectations survey to evaluate the effects of nonresponses to the inflation expectations question in the survey. We find nonresponses lead to substantial underrepresentation of some demographic groups in the survey: young, female, low‐income, and minority ...
MELTEM CHADWICK +2 more
wiley +1 more source
Mitigating housing market shocks: an agent-based reinforcement learning approach with implications for real-time decision support. [PDF]
J SimulOlmez S +4 more
europepmc +1 more source