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You are looking at 1-14 of 14 items for:

Social Sciences x Financial Institutions and Services x Prices, Business Fluctuations, and Cycles x clear all

Agency Problems and Endogenous Investment Fluctuations

Giovanni Favara.

in The Review of Financial Studies

July 2012; p ublished online March 2012 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Prices, Business Fluctuations, and Cycles; Economics; Financial Institutions and Services. 17088 words.

This article proposes a theory of investment fluctuations in which the source of the oscillating dynamics is an agency problem between financiers and entrepreneurs. In the model, investment...

Are bank capital ratios pro-cyclical? New evidence and perspectives

Michael Brei and Leonardo Gambacorta.

in Economic Policy

April 2016; p ublished online March 2016 .

Journal Article. Subjects: Prices, Business Fluctuations, and Cycles; Monetary Policy, Central Banking, and the Supply of Money and Credit; Financial Regulation. 19898 words.

This paper analyses how the new Basel III leverage ratio and risk-weighted regulatory capital ratio behave over the cycle. The analysis proposes a set-up to test for the cyclical properties...

Bank Credit Cycles

G. B. Gorton and Ping He.

in The Review of Economic Studies

October 2008; p ublished online October 2008 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Prices, Business Fluctuations, and Cycles; Banking. 16461 words.

A bank determines whether potential borrowers are creditworthy, that is, whether they meet the bank's credit or lending standards. In making this determination, each bank is in competition...

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Banking strategy and credit expansion: a post-Keynesian approach

Antonio J. Alves, Gary A. Dymski and Luiz-Fernando de Paula.

in Cambridge Journal of Economics

May 2008; p ublished online December 2007 .

Journal Article. Subjects: General Aggregative Models; Prices, Business Fluctuations, and Cycles; Banking; Money and Interest Rates. 11944 words.

This paper aims to clarify the relationship between individual banks and banking industry behaviour in credit expansion. The authors argue that the balance sheet structure of an individual...

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Empirical Analysis of Corporate Credit Lines

Gabriel Jiménez, Jose A. Lopez and Jesús Saurina.

in The Review of Financial Studies

December 2009; p ublished online August 2009 .

Journal Article. Subjects: Prices, Business Fluctuations, and Cycles; Financial Regulation; Economics. 13753 words.

Since bank credit lines are a major source of corporate funding, we examine the determinants of their usage with a comprehensive database of Spanish corporate credit lines. A line's default...

Exports and Financial Shocks

Mary Amiti and David E. Weinstein.

in The Quarterly Journal of Economics

November 2011; p ublished online October 2011 .

Journal Article. Subjects: Prices, Business Fluctuations, and Cycles; Banking; Macroeconomic Aspects of International Trade and Finance; Money and Interest Rates. 12028 words.

A striking feature of many financial crises is the collapse of exports relative to output. This article examines whether deteriorations in bank health can help explain the large drops in...

Financial Intermediation, the Mortgage Market, and Macroprudential Regulation

Jenny Körner.

in CESifo Economic Studies

March 2018; p ublished online March 2018 .

Journal Article. Subjects: Money and Interest Rates; Prices, Business Fluctuations, and Cycles; Banking; Financial Regulation. 9879 words.

Abstract

This article analyzes the effects of macroprudential regulation in a dynamic stochastic general equilibrium model (DSGE) model with a mortgage market...

Gross Credit Flows

Giovanni Dell'Ariccia and Pietro Garibaldi.

in The Review of Economic Studies

July 2005; p ublished online July 2005 .

Journal Article. Subjects: Prices, Business Fluctuations, and Cycles; Banking; Monetary Policy, Central Banking, and the Supply of Money and Credit. 8681 words.

The paper estimates gross credit flows for the U.S. banking system between 1979 and 1999 and shows that sizable gross flows coexist at any phase of the cycle, even within narrowly defined...

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Lending Standards over the Credit Cycle

Giacomo Rodano, Nicolas Serrano-Velarde and Emanuele Tarantino.

in The Review of Financial Studies

August 2018; p ublished online April 2018 .

Journal Article. Subjects: Prices, Business Fluctuations, and Cycles; Money and Interest Rates; Banking. 17991 words.

Abstract

We analyze how firms’ segmentation into credit classes affects the lending standards applied by banks to small and medium enterprises over the cycle....

On the Growth Effect of Stock Market Liberalizations

Nandini Gupta and Kathy Yuan.

in The Review of Financial Studies

November 2009; p ublished online February 2009 .

Journal Article. Subjects: Prices, Business Fluctuations, and Cycles; International Finance; Macroeconomic Aspects of International Trade and Finance; International Financial Markets; Financial Regulation. 15689 words.

We investigate the effect of a stock market liberalization on industry growth in emerging markets. Consistent with the view that liberalization reduces financing constraints, we find that...

The rise and fall of money manager capitalism: a Minskian approach

L. Randall Wray.

in Cambridge Journal of Economics

July 2009; p ublished online July 2009 .

Journal Article. Subjects: Economics; Prices, Business Fluctuations, and Cycles; Money and Interest Rates; Financial Institutions and Services; Monetary Policy, Central Banking, and the Supply of Money and Credit; General Aggregative Models; Capitalist Systems; Macroeconomics and Monetary Economics; Growth and Fluctuations; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook. 12961 words.

We are in the midst of a global financial crisis accompanied by a deep and probably long-lasting economic downturn; indeed, some analysts are already calling this the first depression of...

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When There Is No Place to Hide: Correlation Risk and the Cross-Section of Hedge Fund Returns

Andrea Buraschi, Robert Kosowski and Fabio Trojani.

in The Review of Financial Studies

February 2014; p ublished online December 2013 .

Journal Article. Subjects: Intertemporal Choice and Growth; Prices, Business Fluctuations, and Cycles; Money and Interest Rates; Economics; Financial Institutions and Services. 17270 words.

Using a novel data set on correlation swaps, we study the relation between correlation risk, hedge fund characteristics, and their risk-return profile. We find that the ability of hedge...

Why don't the bailouts work? Design of a new financial system versus a return to normalcy

Jan Kregel.

in Cambridge Journal of Economics

July 2009; p ublished online July 2009 .

Journal Article. Subjects: Economics; Prices, Business Fluctuations, and Cycles; Corporate Regulation; Monetary Policy, Central Banking, and the Supply of Money and Credit; General Aggregative Models; Banking. 6575 words.

The innovative support measures introduced by the US Central Bank and Treasury in response to the current crisis to bolster bank balance sheets have had little success in restoring...

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Why the subprime crisis is different: a Minskyian approach

Gary A. Dymski.

in Cambridge Journal of Economics

March 2010; p ublished online December 2009 .

Journal Article. Subjects: Financial Regulation; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; General Aggregative Models; Prices, Business Fluctuations, and Cycles; Banking. 7388 words.

Minsky's financial-instability model suggests that financial crises can be resolved efficiently with lender-of-last-resort and big-government interventions. The crisis that began in 2007...

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