Search results for "loans"
showing 10 items of 20 documents
Network-Based Computational Techniques to Determine the Risk Drivers of Bank Failures During a Systemic Banking Crisis
2018
This paper employs a computational model of solvency and liquidity contagion assessing the vulnerability of banks to systemic risk. We find that the main risk drivers relate to the financial connections a bank has and the market concentration, apart from the size of the bank triggering the contagion, while balance sheets play only a minor role. We also find that market concentration might facilitate banks to withstand liquidity shocks better while exposing them to larger solvency chocks. Our results are validated through an out-of-sample forecasting that shows that both type I and type II prediction errors are reduced if we include network characteristics in our prediction model.
THE ANALYSIS OF THE ROMANIAN BANKING SYSTEM EVOLUTION IN THE IMPORTANT MILESTONES FROM ITS HISTORY
2014
One of the national systems most often marked by various internal and international macroeconomic evolutions over time was the banking system. In this paper I intend to analyze the main developments of the banking system in the outstanding moments in its history, starting with a brief characterization of the banking system before 1990, moving then towards an analysis of the developments recorded in the watershed years (1992, 1998, 2007) and getting to the current situation using several representative indicators. This analysis allows me to place in historical and current coordinates, the subject of a more extensive research aimed at highlighting the impact that Basel III will have on Romani…
La financiación de la adquisición de viviendas: crecimiento y sus repercusiones para las cooperativas de crédito españolas
2001
La financiación de viviendas ha sido durante los últimos veinte años la actividad de crédito bancario más dinámica. A lo largo de ese período se han producido transformaciones significativas que han dotado al mercado hipotecario de una gran flexibilidad y de altas dosis de competencia. Antes de las reformas de los años 80 era un mercado con fuertes limitaciones y restringido a cajas de ahorros y al Banco Hipotecario de España. A partir de entonces se ha flexibilizado la obtención de recursos y se ha permitido la entrada de nuevos agentes. No obstante, a la hora de elegir una entidad a la hora de solicitar un crédito para adquisición de una vivienda, las familias han tenido en cuenta, además…
Local banks and credit: from crisis to the new regulatory proposals for the development of lending policies in favour of the real economy
2014
Comparing the credit cooperative banks (CCBs) and banking groups operating in Italy, descriptive analyses show that the CCBs, unlike large banks, despite the economic downturn, have continued to extend credit to customers, but at the cost of a higher incidence of bad credit. This increased credit risk of local banks has been caused by management policy choices, such as the preference to modify the conditions applicable to credit supply and to engage firms in long-term credit relationships rather than initiate credit recovery procedures. An empirical analysis shows that this risk has also been caused by a higher incidence of environmental factors such as the spread of situations of crime and…
Two Relevant Forecasting Problems for Practitioners in Finance: Equity Risk Premium and Non-Performing Loans
2021
The thesis aims to substantiate whether macroeconomic factors indicators are relevant to predict both in-sample and out-of-sample assets' future performance focusing on two well-studied themes in financial economics and banking: First, the ability to predict the equity risk premium, and second, the macroeconomic determinants of non-performing loans (NPL) rates. The dissertation is divided in three chapters. Chapter 1, entitled "Forecasting the equity risk premium in the European Monetary Union", investigates the capacity of multiple economic and technical variables to predict the Euro area equity risk premium. The chapter examines the performance of several variables that could be good pred…
Sulla controversa applicabilità dell’art. 1891 c.c. all’assicurazione sulla vita
2022
Essays on the economics of small business finance
2013
Sull’esistenza di un diritto al credito ai sensi dell’art. 13, comma 1, lett. m), d.l. 23/2020 (c.d. d.l. liquidità)
2022
A CLASSIFICATION OF BORROWINGS: OBSERVATIONS FROM ROMANIAN/ENGLISH CONTACT
2013
The classification of language contact phenomena has always been an important concern among researchers in the field. In particular, the term borrowing has received different definitions from different writers, covering a wide spectrum of words, from pure loanwords to hybrid loans and semantic extensions. This paper presents one of the most influential taxonomies of borrowings in the literature, and analyzes the way in which the various categories proposed in this taxonomy apply to the Romanian/English contact situation. English borrowings selected from a corpus of journalistic prose and from the specialized literature are used to illustrate the theoretical discussion.
The Impact of Financial Development and Macroeconomic Fundamentals on Nonperforming Loans among Emerging Countries: An Assessment Using the NARDL App…
2022
The relationship between financial development indicators and non-performing loans (NPLs) has garnered significant attention, especially in emerging countries. The puzzle of whether financial sector development increases or decreases Non-performing Loans (NPL)s has not been resolved to the satisfaction of the curious mind. This research attempts to answer the above question by studying the asymmetric and symmetric association between financial sector development and NPLs, by utilizing the novel non-linear autoregressive distribution lag (NARDL) and the linear autoregressive distribution lag (ARDL) approach. Moreover, to make the study inclusive, we have added a series of proxies to measure …