دانلود مقاله ISI انگلیسی شماره 80304
ترجمه فارسی عنوان مقاله

شکنندگی مالی، سپرده بیمه و هزینه بدهی

عنوان انگلیسی
Financial fragility, uninsured deposits, and the cost of debt
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
80304 2013 17 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : The North American Journal of Economics and Finance, Volume 24, January 2013, Pages 159–175

ترجمه کلمات کلیدی
سپرده بیمه؛ شکنندگی مالی؛ بدهی های بانکی
کلمات کلیدی انگلیسی
G20; G21Uninsured deposits; Financial fragility; Bank loans
پیش نمایش مقاله
پیش نمایش مقاله  شکنندگی مالی، سپرده بیمه و هزینه بدهی

چکیده انگلیسی

Using annual data from 1995 to 2009, I analyze the impact of banks’ financial fragility on the costs of U.S. corporate bank loans. Diamond and Rajan (2001) hypothesize that financially fragile banks are able to raise funds at a lower cost and competition among banks result in some of these benefits being passed on to borrowers. My results provide broad support for this hypothesis, as I find that a one standard deviation increase in a bank's financial fragility lowers the cost of this bank's corporate loans by 7%. Since some types of regulation, such as deposit insurance, can decrease banks’ financial fragility, this paper also contributes to the debate on the benefits and costs of bank regulation which can be helpful for policy-making.