Search Results - "SCHNABL, PHILIPP"

The International Transmission of Bank Liquidity Shocks: Evidence from an Emerging Market by SCHNABL, PHILIPP

“…I exploit the 1998 Russian default as a negative liquidity shock to international banks and analyze its transmission to Peru. I find that after the shock…”
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THE DEPOSITS CHANNEL OF MONETARY POLICY by Drechsler, Itamar, Savov, Alexi, Schnabl, Philipp

“…We present a new channel for the transmission of monetary policy, the deposits channel. We show that when the Fed funds rate rises, banks widen the spreads…”
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A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk by ACHARYA, VIRAL, DRECHSLER, ITAMAR, SCHNABL, PHILIPP

“…We model a loop between sovereign and bank credit risk. A distressed financial sector induces government bailouts, whose cost increases sovereign credit risk…”
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A Model of Monetary Policy and Risk Premia by DRECHSLER, ITAMAR, SAVOV, ALEXI, SCHNABL, PHILIPP

“…We develop a dynamic asset pricing model in which monetary policy affects the risk premium component of the cost of capital. Risk-tolerant agents (banks)…”
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The Rise of Finance Companies and FinTech Lenders in Small Business Lending by Gopal, Manasa, Schnabl, Philipp

“…We document that finance companies and FinTech lenders increased lending to small businesses after the 2008 financial crisis. We show that most of the increase…”
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HOW SAFE ARE MONEY MARKET FUNDS? by Kacperczyk, Marcin, Schnabl, Philipp

“…We examine the risk-taking behavior of money market funds during the financial crisis of 2007–2010. We find that (1) money market funds experienced an…”
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Efficient Recapitalization by PHILIPPON, THOMAS, SCHNABL, PHILIPP

“…We analyze government interventions to recapitalize a banking sector that restricts lending to firms because of debt overhang. We find that the efficient…”
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The Role of Technology in Mortgage Lending by Fuster, Andreas, Plosser, Matthew, Schnabl, Philipp, Vickery, James

“…Technology-based (“FinTech”) lenders increased their market share of U.S. mortgage lending from 2% to 8% from 2010 to 2016. Using loan-level data on mortgage…”
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Banking on Deposits: Maturity Transformation without Interest Rate Risk by DRECHSLER, ITAMAR, SAVOV, ALEXI, SCHNABL, PHILIPP

“…ABSTRACT We show that maturity transformation does not expose banks to interest rate risk—it hedges it. The reason is the deposit franchise, which allows banks…”
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When Safe Proved Risky: Commercial Paper during the Financial Crisis of 2007–2009 by Kacperczyk, Marcin, Schnabl, Philipp

“…Commercial paper is a short-term debt instrument issued by large corporations. The commercial paper market has long been viewed as a bastion of high liquidity…”
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Specialization in Bank Lending: Evidence from Exporting Firms by PARAVISINI, DANIEL, RAPPOPORT, VERONICA, SCHNABL, PHILIPP

“…ABSTRACT We develop a novel approach for measuring bank specialization using granular data on borrower activities and apply it to Peruvian exporters and their…”
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How monetary policy shaped the housing boom by Drechsler, Itamar, Savov, Alexi, Schnabl, Philipp

“…Between 2003 and 2006, the Federal Reserve raised rates by 4.25%. Yet it was precisely during this period that the housing boom accelerated, fueled by rapid…”
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Who Borrows from the Lender of Last Resort? by DRECHSLER, ITAMAR, DRECHSEL, THOMAS, MARQUES-IBANEZ, DAVID, SCHNABL, PHILIPP

“…We analyze lender of last resort (LOLR) lending during the European sovereign debt crisis. Using a novel data set on all central bank lending and collateral,…”
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Securitization without risk transfer by Acharya, Viral V., Schnabl, Philipp, Suarez, Gustavo

“…We analyze asset-backed commercial paper conduits, which experienced a shadow-banking run and played a central role in the early phase of the financial crisis…”
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Dissecting the Effect of Credit Supply on Trade: Evidence from Matched Credit-Export Data by PARAVISINI, DANIEL, RAPPOPORT, VERONICA, SCHNABL, PHILIPP, WOLFENZON, DANIEL

“…We estimate the elasticity of exports to credit using matched customs and firm-level bank credit data from Peru. To account for non-credit determinants of…”
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Do Global Banks Spread Global Imbalances? Asset-Backed Commercial Paper during the Financial Crisis of 2007–09 by ACHARYA, VIRAL V., SCHNABL, PHILIPP

“…The global imbalance explanation of the financial crisis of 2007–09 suggests that demand for riskless assets from countries with current account surpluses…”
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Liquidity, Risk Premia, and the Financial Transmission of Monetary Policy by Drechsler, Itamar, Savov, Alexi, Schnabl, Philipp

“…In recent years, there has been a resurgence of research on the transmission of monetary policy through the financial system, fueled in part by empirical…”
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How Banks Played the Leverage "Game" by Acharya, Viral V., Schnabl, Philipp

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Essays on banking and corporate finance by Schnabl, Philipp

“…This dissertation consists of three essays on topics in banking and corporate finance. The first essay analyzes whether equity holdings of international…”
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Essays on banking and corporate finance by Schnabl, Philipp

“…This dissertation consists of three essays on topics in banking and corporate finance. The first essay analyzes whether equity holdings of international…”
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