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Recursos bibliográficos en papel y digitales -
- libros, artículos de revistas,
ponencias de eventos, etc. -
» Resultado:
8 registros
| Registro 1 de 8 |
| Autor: |
Scharfstein, David-S - Stein, Jeremy-C - |
| Título: |
Herd Behavior and Investment: Reply |
| Fuente: |
American Economic Review. v.90, n.3. American Economic Association |
| Páginas: |
pp. 705-06 |
| Año: |
June 2000 |
| Solicitar por: |
HEMEROTECA A + datos de Fuente |
| Registro 2 de 8 |
| Autor: |
Kashyap, Anil-K - Stein, Jeremy-C - |
| Título: |
What Do a Million Observations on Banks Say about the Transmission of Monetary Policy? |
| Fuente: |
American Economic Review. v.90, n.3. American Economic Association |
| Páginas: |
pp. 407-28 |
| Año: |
June 2000 |
| Resumen: |
We study the monetary-transmission mechanism with a data set that includes quarterly observations of every insured U.S. commercial bank from 1976 to 1993. We find that the impact of monetary policy on lending is stronger for banks with less liquid balance sheets--i.e., banks with lower ratios of securities to assets. Moreover, this pattern is largely attributable to the smaller banks, those in the bottom 95 percent of the size distribution. Our results support the existence of a "bank lending channel" of monetary transmission, though they do not allow us to make precise statements about its quantitative importance. |
| Solicitar por: |
HEMEROTECA A + datos de Fuente |
| Registro 3 de 8 |
| Autor: |
Froot, Kenneth-A - Stein, Jeremy-C - |
| Título: |
Risk Management, Capital Budgeting, and Capital Structure Policy for Financial Institutions: An Integrated Approach |
| Fuente: |
Journal of Financial Economics. v.47, n.1. Elsevier Science |
| Páginas: |
pp. 55-82 |
| Año: |
Jan. 1998 |
| Resumen: |
The authors develop a framework for analyzing the capital allocation and capital structure decisions facing financial institutions. Their model incorporates two key features: (1) value-maximizing banks have a well-founded concern with risk management; and (2) not all the risks they face can be frictionlessly hedged in the capital market. This approach allows the authors to show how bank-level risk management considerations should factor into the pricing of those risks that cannot be easily hedged. They examine several applications, including: the evaluation of proprietary trading operations, and the pricing of unhedgeable derivatives positions. The authors also compare their approach to the RAROC methodology that has been adopted by a number of banks. |
| Solicitar por: |
HEMEROTECA J + datos de Fuente |
| Registro 4 de 8 |
| Autor: |
Stein, Jeremy-C - |
| Título: |
Internal Capital Markets and the Competition for Corporate Resources |
| Fuente: |
Journal of Finance. v.52, n.1. American Finance Association |
| Páginas: |
pp. 111-33 |
| Año: |
Mar. 1997 |
| Resumen: |
This article examines the role of corporate headquarters in allocating scare resources to competing projects in an internal capital market. Unlike a bank, headquarters has control rights that enable it to engage in ’winner-picking’--the practice of actively shifting funds from one project to another. By doing a good job in the winner-picking dimension, headquarters can create value even when it cannot help at all to relax overall firmwide credit constraints. The model implies that internal capital markets may sometimes function more efficiently when headquarters oversees a small and focused set of projects. |
| Solicitar por: |
HEMEROTECA J + datos de Fuente |
| Registro 5 de 8 |
| Autor: |
Kashyap, Anil-K - Stein, Jeremy-C - Wilcox, David-W - |
| Título: |
Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance: Reply |
| Fuente: |
American Economic Review. v.86, n.1. American Economic Association |
| Páginas: |
pp. 310-14 |
| Año: |
Mar. 1996 |
| Solicitar por: |
HEMEROTECA A + datos de Fuente |
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