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authors are grateful to Dirk Rober for providing extraordinary programming assistance, to Jeanne Bovenberg for her critical editorial assistance, and to Ivonne Eltink and Nancy Kanters for their valuable research support. Degryse received financial support from the Fund for Scientific Research–Flanders (FWO) and the TMR-Network on the Industrial(More)
  • CRISIS, Steven Ongena, David C. Smith, Dag Michalsen, Øyvind Bøhren, Doug Breeden +12 others
  • 2000
NOTE: International Finance Discussion Papers are preliminary materials circulated to stimulate discussion and critical comment. References to International Finance Discussion Papers (other than an acknowledgment that the writer has had access to unpublished material) should be cleared with the author or authors. Recent IFDPs are available on the Web at(More)
meetings in Monterey, and the EFMA meetings in Lissabon. We thank the financial institution for providing the data. Abstract This paper adds to the relationship lending debate by investigating detailed contract information obtained from examining nearly eighteen thousand bank loans. The beneficiaries all were very small firms that operate within the(More)
Robust (cross-border) interbank markets are important for the well functioning of modern financial systems. Yet, a network of interbank exposures may lead to domino effects following the event of an initial bank failure. The " structure " of the interbank market is a potential important driving factor in the risk and impact of interbank contagion. We(More)
  • Julio Carrillo, Patrick Fève, Julien Matheron, Henry W. Chappell, Rob Roy McGregor, Todd A. Vermilyea +10 others
  • 2007
Robust (cross-border) interbank markets are important for the proper functioning of modern financial systems. However, a network of interbank exposures may lead to domino effects following the event of an initial bank failure. We investigate the evolution and determinants of contagion risk for the Belgian banking system over the period 1993–2002 using(More)
We estimate the impact of bank merger announcements on borrowers' stock prices for publicly traded Norwegian firms. In addition, we analyze how bank mergers influence borrower relationship termination behavior and relate changes in the propensity to terminate to borrower abnormal returns. We find that borrowers lose, on average, about 0.8 percent in equity(More)
for helpful comments and suggestions. The paper has also benefitted from comments of participants at the they are grateful to the Dutch Central Bureau of Statistics (CBS) for providing data and to Grzegorz Pawlina for his excellent research assistance. The usual disclaimer applies. Abstract We study incremental capital structure decisions of Dutch(More)