• Aucun résultat trouvé

Credit Traps

N/A
N/A
Protected

Academic year: 2021

Partager "Credit Traps"

Copied!
30
0
0

Texte intégral

Loading

Figure

Figure 1 provides a graphic illustration of loan demand. As can be seen, because  of financial frictions—operationalized through the assumption that cash flow is   nonverifiable—the demand for loanable funds is determined in part by the  ability  of firms
Figure 3 demonstrates this conventional equilibrium. Increases in c shift out  the indirect pricing function p ( l; c  )  as described in Proposition 2
Figure 4 illustrates two effects of an increase in bank capital, c. First, as c  increases, loan supply shifts out

Références

Documents relatifs

Our main results support the conjecture that the ultimate controlling shareholders with excess control rights avoid issuing equity and instead draw on earnings

The first column illustrates the estimation of Credit Risk model where we regress the Non-performing Loans on Fiduciary, Life Insurance, Other Insurance Services, Loan Servicing,

= growth of bank loan for working capital in period t (from January to December); Investment = growth of bank loan for investment capital in period t (from January to December); MSME

Hence, by favoring informal lending in regions where In-group trust is high, bank lending is expected to develop at a lower rate as people will be less relying on banks

All estimates include bank-specific controls (i.e. liquid assets to total assets, equity to total assets, customer deposits to total assets, is the natural logarithm of

In contrast to prior evidence (Banerjee and Mio, 2018), our results suggest that the introduction of the LBR led Dutch banks to invest in securities as they experienced

In addition, we examine the different impacts of monetary policy on bank credit risk and profitability depend- ing on banks’ commitment to relationship lending ( Agarwal et al. , 2018

In this paper we construct a theoretical model of spatial banking competition that considers the differential information among banks and potential borrowers in order