Finanzsysteme: Die Anatomie der Marktwirtschaft Wie ist das Finanzsystem aufgebaut, wie funktioniert es, wie...
People Job Market Candidates Doctoral...
PhD Graduates Financial Markets
PhD Graduates of the Department of Financial Markets Talina Sondershaus: ...
The Cleansing Effect of Banking Crises
We assess the cleansing effects of the 2008–2009 financial crisis. U.S. regions with higher levels of supervisory forbearance on distressed banks see less restructuring in the real sector: fewer establishments, firms, and jobs are lost when more distressed banks remain in business. In these regions, the banking sector has been less healthy for several years after the crisis. Regions with less forbearance experience higher productivity growth after the crisis with more firm entries, job creation, and employment, wages, patents, and output growth. Forbearance is greater for state-chartered banks and in regions with weaker banking competition and more independent banks.
A Note on the Use of Syndicated Loan Data
IWH Discussion Papers,
Syndicated loan data provided by DealScan has become an essential input in banking research over recent years. This data is rich enough to answer urging questions on bank lending, e.g., in the presence of financial shocks or climate change. However, many data options raise the question of how to choose the estimation sample. We employ a standard regression framework analyzing bank lending during the financial crisis to study how conventional but varying usages of DealScan affect the estimates. The key finding is that the direction of coefficients remains relatively robust. However, statistical significance seems to depend on the data and sampling choice.
Insights for Young Researchers in Finance
FYI – Insights for Young Researchers in Finance The Insights for Young Researchers...
International Banking Library
International Banking Library The International Banking Library (IBL) is a...
Brown Bag Seminar
Brown Bag Seminar Financial Markets Department In der Seminarreihe "Brown...