Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks.:
Financial crises result in price and quantity rationing of otherwise creditworthy business borrowers, but little is known about the relative severity of these two types of rationing, which borrowers are rationed most, and the roles of foreign and domestic banks. Using a dataset from 50 countries con...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Weitere Verfasser: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
2018.
|
| Schriftenreihe: | IMF Working Papers.
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Financial crises result in price and quantity rationing of otherwise creditworthy business borrowers, but little is known about the relative severity of these two types of rationing, which borrowers are rationed most, and the roles of foreign and domestic banks. Using a dataset from 50 countries containing over 18,000 business loans with information on the lender, the borrower, and contract terms, we find that publicly-listed borrowers are rationed more by prices or interest rates, whereas privately-held borrowers are rationed more by the number of loans. Also, the global financial crisis appears to have changed how banks price borrower risk. Further, there are important differences between foreign and domestic banks and between U.S. and non-U.S. loans. |
| Beschreibung: | 1 online resource (48 pages) |
| ISBN: | 1484368169 1484358198 9781484358191 9781484368169 |
| ISSN: | 1018-5941 |
Internformat
MARC
| LEADER | 00000cam a2200000Mu 4500 | ||
|---|---|---|---|
| 001 | ZDB-4-EBA-on1048795310 | ||
| 003 | OCoLC | ||
| 005 | 20240705115654.0 | ||
| 006 | m o d | ||
| 007 | cr |n|---||||| | ||
| 008 | 180818s2018 dcu o 000 0 eng d | ||
| 040 | |a EBLCP |b eng |e pn |c EBLCP |d YDX |d CUY |d MERUC |d OTZ |d CEF |d OCLCQ |d N$T |d OCLCQ |d N$T |d OCLCO |d ESU |d OCLCL | ||
| 019 | |a 1047782636 |a 1051178528 |a 1417595621 | ||
| 020 | |a 1484368169 | ||
| 020 | |a 1484358198 | ||
| 020 | |a 9781484358191 | ||
| 020 | |a 9781484368169 |q (electronic bk.) | ||
| 024 | 8 | |a 10.5089/9781484358191.001 | |
| 035 | |a (OCoLC)1048795310 |z (OCoLC)1047782636 |z (OCoLC)1051178528 |z (OCoLC)1417595621 | ||
| 050 | 4 | |a HG3701 | |
| 082 | 7 | |a 658.8/8 | |
| 049 | |a MAIN | ||
| 100 | 1 | |a Berger, Allen N. |0 http://id.loc.gov/authorities/names/n89645667 | |
| 245 | 1 | 0 | |a Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, |c 2018. | ||
| 300 | |a 1 online resource (48 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF Working Papers, |x 1018-5941 | |
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a Cover; Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks; 1. Introduction; 2. Research Questions; 3. Data and Sample Construction; 4. Changes in Bank Lending Quantities between Normal Times and the Financial Crisis; 5. Multivariate Analysis of Lending Quantities; 6. Loan Spreads during Normal Times and the Financial Crisis; 7. Spread of Loans Involving Banks and Borrowers from the United States; 8. Additional Tests; 9. Conclusions. | |
| 520 | 3 | |a Financial crises result in price and quantity rationing of otherwise creditworthy business borrowers, but little is known about the relative severity of these two types of rationing, which borrowers are rationed most, and the roles of foreign and domestic banks. Using a dataset from 50 countries containing over 18,000 business loans with information on the lender, the borrower, and contract terms, we find that publicly-listed borrowers are rationed more by prices or interest rates, whereas privately-held borrowers are rationed more by the number of loans. Also, the global financial crisis appears to have changed how banks price borrower risk. Further, there are important differences between foreign and domestic banks and between U.S. and non-U.S. loans. | |
| 650 | 0 | |a Credit analysis. |0 http://id.loc.gov/authorities/subjects/sh2001003374 | |
| 650 | 6 | |a Analyse de crédit. | |
| 650 | 7 | |a Banks. |2 imf | |
| 650 | 7 | |a Financial Crises. |2 imf | |
| 650 | 7 | |a Financial Markets. |2 imf | |
| 651 | 7 | |a All Countries. |2 imf | |
| 700 | 1 | |a Makaew, Tanakorn. | |
| 700 | 1 | |a Turk Ariss, Rima. |0 http://id.loc.gov/authorities/names/no2013144346 | |
| 758 | |i has work: |a Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks (Text) |1 https://id.oclc.org/worldcat/entity/E39PCYTPPmR73677DbPtPkdh9C |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Berger, Allen N. |t Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks. |d Washington, D.C. : International Monetary Fund, ©2018 |z 9781484358191 |
| 830 | 0 | |a IMF Working Papers. | |
| 856 | 1 | |l FWS01 |p ZDB-4-EBA |q FWS_PDA_EBA |u https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1861073 |3 Volltext | |
| 856 | 1 | |l CBO01 |p ZDB-4-EBA |q FWS_PDA_EBA |u https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1861073 |3 Volltext | |
| 938 | |a ProQuest Ebook Central |b EBLB |n EBL5484948 | ||
| 938 | |a YBP Library Services |b YANK |n 15623057 | ||
| 938 | |a EBSCOhost |b EBSC |n 1861073 | ||
| 994 | |a 92 |b GEBAY | ||
| 912 | |a ZDB-4-EBA | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-4-EBA-on1048795310 |
|---|---|
| _version_ | 1813901626025443329 |
| adam_text | |
| any_adam_object | |
| author | Berger, Allen N. |
| author2 | Makaew, Tanakorn Turk Ariss, Rima |
| author2_role | |
| author2_variant | t m tm a r t ar art |
| author_GND | http://id.loc.gov/authorities/names/n89645667 http://id.loc.gov/authorities/names/no2013144346 |
| author_facet | Berger, Allen N. Makaew, Tanakorn Turk Ariss, Rima |
| author_role | |
| author_sort | Berger, Allen N. |
| author_variant | a n b an anb |
| building | Verbundindex |
| bvnumber | localFWS |
| callnumber-first | H - Social Science |
| callnumber-label | HG3701 |
| callnumber-raw | HG3701 |
| callnumber-search | HG3701 |
| callnumber-sort | HG 43701 |
| callnumber-subject | HG - Finance |
| collection | ZDB-4-EBA |
| contents | Cover; Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks; 1. Introduction; 2. Research Questions; 3. Data and Sample Construction; 4. Changes in Bank Lending Quantities between Normal Times and the Financial Crisis; 5. Multivariate Analysis of Lending Quantities; 6. Loan Spreads during Normal Times and the Financial Crisis; 7. Spread of Loans Involving Banks and Borrowers from the United States; 8. Additional Tests; 9. Conclusions. |
| ctrlnum | (OCoLC)1048795310 |
| dewey-full | 658.8/8 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 658 - General management |
| dewey-raw | 658.8/8 |
| dewey-search | 658.8/8 |
| dewey-sort | 3658.8 18 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>03721cam a2200553Mu 4500</leader><controlfield tag="001">ZDB-4-EBA-on1048795310</controlfield><controlfield tag="003">OCoLC</controlfield><controlfield tag="005">20240705115654.0</controlfield><controlfield tag="006">m o d </controlfield><controlfield tag="007">cr |n|---|||||</controlfield><controlfield tag="008">180818s2018 dcu o 000 0 eng d</controlfield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">EBLCP</subfield><subfield code="b">eng</subfield><subfield code="e">pn</subfield><subfield code="c">EBLCP</subfield><subfield code="d">YDX</subfield><subfield code="d">CUY</subfield><subfield code="d">MERUC</subfield><subfield code="d">OTZ</subfield><subfield code="d">CEF</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">N$T</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">N$T</subfield><subfield code="d">OCLCO</subfield><subfield code="d">ESU</subfield><subfield code="d">OCLCL</subfield></datafield><datafield tag="019" ind1=" " ind2=" "><subfield code="a">1047782636</subfield><subfield code="a">1051178528</subfield><subfield code="a">1417595621</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1484368169</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1484358198</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781484358191</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781484368169</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="024" ind1="8" ind2=" "><subfield code="a">10.5089/9781484358191.001</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1048795310</subfield><subfield code="z">(OCoLC)1047782636</subfield><subfield code="z">(OCoLC)1051178528</subfield><subfield code="z">(OCoLC)1417595621</subfield></datafield><datafield tag="050" ind1=" " ind2="4"><subfield code="a">HG3701</subfield></datafield><datafield tag="082" ind1="7" ind2=" "><subfield code="a">658.8/8</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">MAIN</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Berger, Allen N.</subfield><subfield code="0">http://id.loc.gov/authorities/names/n89645667</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks.</subfield></datafield><datafield tag="260" ind1=" " ind2=" "><subfield code="a">Washington, D.C. :</subfield><subfield code="b">International Monetary Fund,</subfield><subfield code="c">2018.</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 online resource (48 pages)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">computer</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">online resource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">IMF Working Papers,</subfield><subfield code="x">1018-5941</subfield></datafield><datafield tag="588" ind1="0" ind2=" "><subfield code="a">Print version record.</subfield></datafield><datafield tag="505" ind1="0" ind2=" "><subfield code="a">Cover; Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks; 1. Introduction; 2. Research Questions; 3. Data and Sample Construction; 4. Changes in Bank Lending Quantities between Normal Times and the Financial Crisis; 5. Multivariate Analysis of Lending Quantities; 6. Loan Spreads during Normal Times and the Financial Crisis; 7. Spread of Loans Involving Banks and Borrowers from the United States; 8. Additional Tests; 9. Conclusions.</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">Financial crises result in price and quantity rationing of otherwise creditworthy business borrowers, but little is known about the relative severity of these two types of rationing, which borrowers are rationed most, and the roles of foreign and domestic banks. Using a dataset from 50 countries containing over 18,000 business loans with information on the lender, the borrower, and contract terms, we find that publicly-listed borrowers are rationed more by prices or interest rates, whereas privately-held borrowers are rationed more by the number of loans. Also, the global financial crisis appears to have changed how banks price borrower risk. Further, there are important differences between foreign and domestic banks and between U.S. and non-U.S. loans.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Credit analysis.</subfield><subfield code="0">http://id.loc.gov/authorities/subjects/sh2001003374</subfield></datafield><datafield tag="650" ind1=" " ind2="6"><subfield code="a">Analyse de crédit.</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Banks.</subfield><subfield code="2">imf</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Financial Crises.</subfield><subfield code="2">imf</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Financial Markets.</subfield><subfield code="2">imf</subfield></datafield><datafield tag="651" ind1=" " ind2="7"><subfield code="a">All Countries.</subfield><subfield code="2">imf</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Makaew, Tanakorn.</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Turk Ariss, Rima.</subfield><subfield code="0">http://id.loc.gov/authorities/names/no2013144346</subfield></datafield><datafield tag="758" ind1=" " ind2=" "><subfield code="i">has work:</subfield><subfield code="a">Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks (Text)</subfield><subfield code="1">https://id.oclc.org/worldcat/entity/E39PCYTPPmR73677DbPtPkdh9C</subfield><subfield code="4">https://id.oclc.org/worldcat/ontology/hasWork</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Print version:</subfield><subfield code="a">Berger, Allen N.</subfield><subfield code="t">Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks.</subfield><subfield code="d">Washington, D.C. : International Monetary Fund, ©2018</subfield><subfield code="z">9781484358191</subfield></datafield><datafield tag="830" ind1=" " ind2="0"><subfield code="a">IMF Working Papers.</subfield></datafield><datafield tag="856" ind1="1" ind2=" "><subfield code="l">FWS01</subfield><subfield code="p">ZDB-4-EBA</subfield><subfield code="q">FWS_PDA_EBA</subfield><subfield code="u">https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1861073</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="856" ind1="1" ind2=" "><subfield code="l">CBO01</subfield><subfield code="p">ZDB-4-EBA</subfield><subfield code="q">FWS_PDA_EBA</subfield><subfield code="u">https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1861073</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">ProQuest Ebook Central</subfield><subfield code="b">EBLB</subfield><subfield code="n">EBL5484948</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">YBP Library Services</subfield><subfield code="b">YANK</subfield><subfield code="n">15623057</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">EBSCOhost</subfield><subfield code="b">EBSC</subfield><subfield code="n">1861073</subfield></datafield><datafield tag="994" ind1=" " ind2=" "><subfield code="a">92</subfield><subfield code="b">GEBAY</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-4-EBA</subfield></datafield></record></collection> |
| geographic | All Countries. imf |
| geographic_facet | All Countries. |
| id | ZDB-4-EBA-on1048795310 |
| illustrated | Not Illustrated |
| indexdate | 2024-10-25T15:49:53Z |
| institution | BVB |
| isbn | 1484368169 1484358198 9781484358191 9781484368169 |
| issn | 1018-5941 |
| language | English |
| oclc_num | 1048795310 |
| open_access_boolean | |
| owner | MAIN |
| owner_facet | MAIN |
| physical | 1 online resource (48 pages) |
| psigel | ZDB-4-EBA |
| publishDate | 2018 |
| publishDateSearch | 2018 |
| publishDateSort | 2018 |
| publisher | International Monetary Fund, |
| record_format | marc |
| series | IMF Working Papers. |
| series2 | IMF Working Papers, |
| spelling | Berger, Allen N. http://id.loc.gov/authorities/names/n89645667 Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (48 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF Working Papers, 1018-5941 Print version record. Cover; Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks; 1. Introduction; 2. Research Questions; 3. Data and Sample Construction; 4. Changes in Bank Lending Quantities between Normal Times and the Financial Crisis; 5. Multivariate Analysis of Lending Quantities; 6. Loan Spreads during Normal Times and the Financial Crisis; 7. Spread of Loans Involving Banks and Borrowers from the United States; 8. Additional Tests; 9. Conclusions. Financial crises result in price and quantity rationing of otherwise creditworthy business borrowers, but little is known about the relative severity of these two types of rationing, which borrowers are rationed most, and the roles of foreign and domestic banks. Using a dataset from 50 countries containing over 18,000 business loans with information on the lender, the borrower, and contract terms, we find that publicly-listed borrowers are rationed more by prices or interest rates, whereas privately-held borrowers are rationed more by the number of loans. Also, the global financial crisis appears to have changed how banks price borrower risk. Further, there are important differences between foreign and domestic banks and between U.S. and non-U.S. loans. Credit analysis. http://id.loc.gov/authorities/subjects/sh2001003374 Analyse de crédit. Banks. imf Financial Crises. imf Financial Markets. imf All Countries. imf Makaew, Tanakorn. Turk Ariss, Rima. http://id.loc.gov/authorities/names/no2013144346 has work: Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks (Text) https://id.oclc.org/worldcat/entity/E39PCYTPPmR73677DbPtPkdh9C https://id.oclc.org/worldcat/ontology/hasWork Print version: Berger, Allen N. Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks. Washington, D.C. : International Monetary Fund, ©2018 9781484358191 IMF Working Papers. FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1861073 Volltext CBO01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1861073 Volltext |
| spellingShingle | Berger, Allen N. Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks. IMF Working Papers. Cover; Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks; 1. Introduction; 2. Research Questions; 3. Data and Sample Construction; 4. Changes in Bank Lending Quantities between Normal Times and the Financial Crisis; 5. Multivariate Analysis of Lending Quantities; 6. Loan Spreads during Normal Times and the Financial Crisis; 7. Spread of Loans Involving Banks and Borrowers from the United States; 8. Additional Tests; 9. Conclusions. Credit analysis. http://id.loc.gov/authorities/subjects/sh2001003374 Analyse de crédit. Banks. imf Financial Crises. imf Financial Markets. imf |
| subject_GND | http://id.loc.gov/authorities/subjects/sh2001003374 |
| title | Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks. |
| title_auth | Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks. |
| title_exact_search | Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks. |
| title_full | Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks. |
| title_fullStr | Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks. |
| title_full_unstemmed | Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks. |
| title_short | Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks. |
| title_sort | who pays for financial crises price and quantity rationing of different borrowers by domestic and foreign banks |
| topic | Credit analysis. http://id.loc.gov/authorities/subjects/sh2001003374 Analyse de crédit. Banks. imf Financial Crises. imf Financial Markets. imf |
| topic_facet | Credit analysis. Analyse de crédit. Banks. Financial Crises. Financial Markets. All Countries. |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1861073 |
| work_keys_str_mv | AT bergerallenn whopaysforfinancialcrisespriceandquantityrationingofdifferentborrowersbydomesticandforeignbanks AT makaewtanakorn whopaysforfinancialcrisespriceandquantityrationingofdifferentborrowersbydomesticandforeignbanks AT turkarissrima whopaysforfinancialcrisespriceandquantityrationingofdifferentborrowersbydomesticandforeignbanks |