Zobrazeno 1 - 10
of 45
pro vyhledávání: '"Jesús Saurina"'
Publikováno v:
Latin American Journal of Central Banking, Vol 1, Iss 1, Pp 100003- (2020)
In this paper, we analyze the role bank capital played in systemic banking crises and in lending expansion and contraction for nearly 150 years in Spain. We first build a measure of capital ratio (i.e., the capital to assets ratio) for Spain's bankin
Externí odkaz:
https://doaj.org/article/7e8fc8eb1a344f79becd0a292c20ec67
Publikováno v:
Schmalenbach Business Review. 18:181-226
We identify the impact of short-term interest rates on credit risk-taking in the short and long run by analyzing a comprehensive credit register from Spain, a country where for the last twenty years monetary policy was mostly decided abroad. Duration
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::1087b1a3700910e4a3f4d865569b64a0
https://doi.org/10.1007/s41464-017-0038-7
https://doi.org/10.1007/s41464-017-0038-7
Publikováno v:
Journal of Monetary Economics
Repositorio Digital de la UPF
Universitat Pompeu Fabra
Recercat. Dipósit de la Recerca de Catalunya
instname
Repositorio Digital de la UPF
Universitat Pompeu Fabra
Recercat. Dipósit de la Recerca de Catalunya
instname
Data de publicació electrònica: 15-06-2019 This paper studies credit booms exploiting the Spanish matched credit register over 2001–2009. We extend Khwaja and Mian’s (2008) loan-level estimator by incorporating firm-level general equilibrium ad
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d1db7caa8af2ea25df4f3fc607cf277d
http://hdl.handle.net/10044/1/96572
http://hdl.handle.net/10044/1/96572
Publikováno v:
MIT web domain
Int Econ Rev (Philadelphia)
Int Econ Rev (Philadelphia)
We examine the effect of financial constraints on firm investment and cash flow. We combine data from the Spanish Mercantile Registry and the Bank of Spain Credit Registry to classify firms according to whether they are family-owned, not family-owned
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::81d138132d741673e16fa922960013de
https://hdl.handle.net/1721.1/126689
https://hdl.handle.net/1721.1/126689
Publikováno v:
Review of Corporate Finance Studies. 4:206-238
La titulizacion de activos ofrece a los bancos la posibilidad de alterar su estructura de capital y el proceso de intermediacion financiera. Este trabajo muestra que la introduccion de la titulizacion esta asociada con cambios fundamentales en la pol
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::117ff4994ffc1e0146c11959c7d544dc
https://doi.org/10.1093/rcfs/cfv002
https://doi.org/10.1093/rcfs/cfv002
Publikováno v:
Recercat. Dipósit de la Recerca de Catalunya
instname
Econometrica, 82(2), 463-505. Wiley-Blackwell
instname
Econometrica, 82(2), 463-505. Wiley-Blackwell
We identify the effects of monetary policy on credit risk‐taking with an exhaustive credit register of loan applications and contracts. We separate the changes in the composition of the supply of credit from the concurrent changes in the volume of
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::4d94468993077f982dfad40ced3face0
https://doi.org/10.3982/ecta10104
https://doi.org/10.3982/ecta10104
Publikováno v:
Journal of Financial Stability. 9:185-195
A common assumption in the academic literature and in the supervision of banking systems is that franchise value plays a key role in limiting bank risk-taking. As market power is the primary source of franchise value, reduced competition in banking m
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::851a938c65bc88a32269dd71c337f565
https://doi.org/10.1016/j.jfs.2013.02.004
https://doi.org/10.1016/j.jfs.2013.02.004
Credit Supply and Monetary Policy: Identifying the Bank Balance-Sheet Channel with Loan Applications
Publikováno v:
Repositorio Digital de la UPF
Universitat Pompeu Fabra
Recercat. Dipósit de la Recerca de Catalunya
instname
American Economic Review, 102(5), 2301-2326. American Economic Association
Universitat Pompeu Fabra
Recercat. Dipósit de la Recerca de Catalunya
instname
American Economic Review, 102(5), 2301-2326. American Economic Association
Inclou additional materials: online appendix; data set We analyze the impact of monetary policy on the supply of bank credit. Monetary policy affects both loan supply and demand, thus making identification a steep challenge. We therefore analyze a no
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::228b8d0ea2ae316bf559c8372209f29e
https://doi.org/10.1257/aer.102.5.2301
https://doi.org/10.1257/aer.102.5.2301
Autor:
Jesús Saurina
Publikováno v:
National Institute Economic Review. 216:R16-R28
Risk-sensitive capital requirements, such as those established in Basel 2/3, and loan loss provisions based on incurred losses or on short-horizon expected losses, increase procyclicality in the banking system. They could, therefore, contribute to fu
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::ec7ce6f8efaa719120fc45ce65461f32
https://doi.org/10.1177/0027950111411376
https://doi.org/10.1177/0027950111411376
Publikováno v:
Economic Policy. 25:659-702
Policy discussions on the recent financial crisis feature widespread calls to address the pro-cyclical effects of regulation. The main concern is that the new risk-sensitive bank capital regulation (Basel II) may amplify business cycle fluctuations.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e2a9ca9af1ee43e3cf247471b9e670d5
https://doi.org/10.1111/j.1468-0327.2010.00252.x
https://doi.org/10.1111/j.1468-0327.2010.00252.x