Zobrazeno 1 - 10
of 17
pro vyhledávání: '"Robert Kurtzman"'
Publikováno v:
Finance and Economics Discussion Series. 2021:1-32
We study the role that recourse plays in the commercial real estate loan contracts of the largest U.S. banks. We find that recourse is valued by lenders and is treated as a substitute for conventional equity. At origination, recourse loans have rate
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::742c84eddc35a8049a64f9a527fa0cc0
https://doi.org/10.17016/feds.2021.079
https://doi.org/10.17016/feds.2021.079
Publikováno v:
Finance and Economics Discussion Series. 2020:1-32
Using data from 14 government sources, we develop comprehensive estimates of U.S. economic activity by sector, legal form of organization, and firm size to characterize how four government direct lending programs—the Paycheck Protection Program, th
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::5c61c1f87cfb2a6cfc4df503756fb909
https://doi.org/10.17016/feds.2020.099
https://doi.org/10.17016/feds.2020.099
Publikováno v:
Working paper (Federal Reserve Bank of Cleveland).
Banks modify more CRE loans than CMBS, contributing to better loan performance when property incomes decline. However, banks have higher delinquency rates for less-stressed loans, consistent with modification policies encouraging strategic default. M
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6bf1211ec76745eb906c02a19e8a2184
https://doi.org/10.26509/frbc-wp-202209
https://doi.org/10.26509/frbc-wp-202209
Autor:
Robert Kurtzman, David Zeke
Publikováno v:
Review of Economic Dynamics. 38:94-126
Central bank large-scale asset purchases, particularly the purchase of corporate bonds of nonfinancial firms, can induce a misallocation of resources through their heterogeneous effect on firms cost of capital. First, we analytically demonstrate the
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::37f818dcd00981440ab8cb9a6ac671a2
https://doi.org/10.1016/j.red.2020.03.006
https://doi.org/10.1016/j.red.2020.03.006
Publikováno v:
Working paper (Federal Reserve Bank of Cleveland).
We study the role that recourse plays the in commercial real estate loan contracts in the portfolios of the largest US banks. We find that recourse is valued by lenders and is treated as a substitute for conventional equity. At origination, recourse
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e9250ee169c8124011a40184e3d69628
https://doi.org/10.26509/frbc-wp-202120
https://doi.org/10.26509/frbc-wp-202120
Autor:
Matthew Hoops, Robert Kurtzman
Publikováno v:
FEDS Notes. 2021
In response to the COVID-19 pandemic, U.S. government policymakers took extraordinary actions to support the nation's households and businesses. As a part of this crisis response, the Federal Reserve established a number of funding, liquidity, and lo
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::a4da7673272b5d986281dc76c8120fc8
https://doi.org/10.17016/2380-7172.2956
https://doi.org/10.17016/2380-7172.2956
Publikováno v:
Journal of Banking & Finance. 138:105403
Using confidential loan officer survey data on lending standards and internal risk ratings on loans, we document an effect of large-scale asset purchase programs (LSAPs) on lending standards and risk-taking. We exploit cross-sectional variation in ba
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::bff8371535cc7dc43f7a1fbdf48e76ea
https://doi.org/10.1016/j.jbankfin.2018.08.009
https://doi.org/10.1016/j.jbankfin.2018.08.009
Publikováno v:
FEDS Notes. 2020
The Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) provides information about the supply of, and demand for, bank credit in the United States on a quarterly basis. SLOOS responses are used internally by Federal Reserve staff in
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::095ad7abdfe325c0aa22116977fe7993
https://doi.org/10.17016/2380-7172.2546
https://doi.org/10.17016/2380-7172.2546
Publikováno v:
Finance and Economics Discussion Series. 2019
Banks, life insurers, and commercial mortgage-backed securities (CMBS) lenders originate the vast majority of U.S. commercial real estate (CRE) loans. While these lenders compete in the same market, they differ in how they are funded and regulated, a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::5a93e265504b4abebfed51ff3a218d91
https://doi.org/10.17016/feds.2019.079
https://doi.org/10.17016/feds.2019.079
Publikováno v:
FEDS Notes. 2019
In this note, we examine how U.S. banks' NIMs have varied over the most recent monetary policy tightening episode compared with the three previous monetary policy tightening episodes.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::84b1c88c1f86973ecda492324b67adc0
https://doi.org/10.17016/2380-7172.2352
https://doi.org/10.17016/2380-7172.2352