On 26 October 2014, the European Central Bank (ECB) published the results of the comprehensive assessment that comprised both an asset quality review (AQR)as well as a stress test. Banks that have shown capital…
In this paper, we examine the behavior of individual consumers in financial distress. We provide a novel description of consumer delinquency and investigate whether or not consumers recover from delinquency. We…
The value of bank relationships is typically thought to arise from repeat lending. However, relationships can be of many kinds, e.g., they could be non-credit based marked by a simple savings or checking…
We investigate the transmission of central bank liquidity to bank deposit and loan spreads in Europe over the January 2006 to June 2010 period. We find evidence consistent with an impaired transmission channel…
Are borrowers rewarded for repaying their loans? This paper investigates the consequences of covenant violations on subsequent loans to the same borrower using a hand-collected sample of US syndicated loans…