securitization bank lending and credit quality the case of spain

... reduced-form equations of loan-growth of the bank that issue the instrument, the performance of the loan portfolio of that bank and the rating of the instrument issued by that bank: Loan growthi,j,t ... to capture the speed of adjustment of the instrument’s rating to the quality of the loan portfolio of the bank that issue that security The vector of bank conditions includes observed bank solvency ... surveys the main literature and the empirical evidence on the role of securitization in the crisis The case of Spain is discussed in Section Section describes the main hypotheses, data and empirical...

Ngày tải lên: 22/03/2014, 20:20

... foreigners, the families, the blockholders, the institutional investors and the State These mechanisms of control affect the financial reporting quality of the Tunisian companies On the one hand, the ... associated with the percentage of foreign directors and shareholders, the separation of the CEO and chairman positions and the presence of outside directors It reflects the power of the foreigners ... control by the blockholders affects the quality of financial reporting H 3: The control by the families affects the quality of financial reporting H 4: The control by the State and the financial...

Ngày tải lên: 06/01/2015, 19:49

... meteorological stations of the National Observatory of Athens (NOA) [8] and of the Aristotle University of Thessaloniki (AUTh) [9] The results for the two decades are compared and the existing differences ... trend in the eastern and south-eastern parts of the Mediterranean, indicating a less frequent expansion of the low pressure over the area and therefore a weakening of the Etesian winds and a subsequent ... values of HDD were reduced in the second decade, while the monthly and yearly values of CDD were increased The reduction in the yearly values of HDD was in the range of 9.5 to 22% in Athens, and...

Ngày tải lên: 05/09/2013, 16:10

... fulfillment of the requirements for the degree of doctor at Wageningen University by the authority of the Rector Magnificus Prof dr M.J Kropff in the presence of the Thesis Committee appointed by the ... Netherlands came from the budget of the REFINE project, which was funded by the Ministry of Foreign Affairs of The Netherlands The funding for the study on shrimp farming in the Can Gio area came ... Thi Them, and to be a sister of my brothers and sisters, Than, Huong, Thai, Hoa, Chau, Phu, Dinh, Dam, Tam and their husbands, wives and children I would like to thank to all of them for their...

Ngày tải lên: 13/03/2014, 18:58

... on whether the pregnancy history of the parents qualifies them to have a (new) child, and whether the child quota laid down in the yearly plan of the village or workplace is full or not The rules ... [2] Parallel to the hierarchical structure of civil servants, there is the party organization, and the leaders of the party at each level share the decision making with leaders of the civil servant ... would be the most accurate translation, but it is not suggestive of the incentives and fines attached The purpose of this article is to describe and discuss the concept of illegal pregnancy and how...

Ngày tải lên: 14/03/2014, 16:20

... On the other hand, the cost of the bailout can be spread over the taxpayers, a less organised and larger group in society, with diversified interests and preferences Therefore, the threat of bankruptcy ... valuation of the SOEs is the most important and difficult work in the equitization implementation process Since the interest of the government and investors (many of them are employees of the enterprise ... According to the Enterprise Law, the board of directors appoints the manager of equitized firms who, on behalf of the Board of directors, is responsible for the management of the firm Therefore, the ownership...

Ngày tải lên: 13/07/2014, 21:09

... (G) be the set of edges consisting of representatives of the Θ-classes of G Then we define the derivation of a median graph G as the graph ∂G= Ue , e∈F (G) that is, as the disjoint union of the graphs ... transitivity of Θ implies that the graph ∂ G is well-defined.) For instance, ∂ (Pn 2Pm ) is the disjoint union of n − copies of the path Pm and m − copies of the path Pn The reason for calling the graph ... expansion property Then, f (G, x) = f (Q0 , x) c(G, x) If, in addition, f has the product property, then either f ≡ or f ≡ c Proof Let f has the expansion property The proof of the first assertion...

Ngày tải lên: 07/08/2014, 07:21

... 10% of the genes of the dataset See Materials and methods for details of the measurement of GC content and the rate of crossing over, in centimorgans per megabase (cM/MB) The results are the ... showing the effect of recombination on the effectiveness of selection for codon usage under inbreeding The figure shows the relationship between the recombination parameter 4Ner and the frequency of ... 50% and 99% for several values of the population recombination rate 4Ner (where Ne is effective population size and r is the per base rate of recombination) and two values of the strength of selection...

Ngày tải lên: 09/08/2014, 20:20

... PRNAU , and LTOT , as defined earlier; GRW = sum of the market value of equity and book value of debt scaled by book value of assets at the end of the quarter; VOL = standard deviation of daily ... at the end of the quarter MV is the natural log of market capitalization at the end of the quarter LOSS equals if the current quarter’s earnings is negative, and otherwise RESTR equals if the ... Total audit fees is the sum of audit fees and audit-related fees Total non-audit fees is the sum of IS fees, tax fees, and other fees Total fees is the sum of total audit fees and total non-audit...

Ngày tải lên: 06/01/2015, 19:43

... orientation of becoming a multi-functional urban bank and the best bank, Techcombank has tried to explore the payment card as the key for development However, because of the strict competition of the ... will often be looking for any tangible cue to help them understand the nature of the service experience For example, in hotel industry, the design and décor of hotel as well as the appearance and ... competition Bank s wish for increasing profit: Banks have to increase their profits to create new markets, to protect and develop their market shares and to survive on the basis of intense competition and...

Ngày tải lên: 26/03/2015, 08:54

... up the quality of their services and how to transfer them to customers to satisfy their needs The Gap 2: this is the gap between the perceptions of the business about customer expectation and the ... (but not within the scope of insurance) 3.1.1.7 Evaluating quality of communication and advertising The results of the discussions showed that the quality of the communication and advertising ... possibility of risk Group of risk financing measures include risk accepting and insurance These are the measures used before the risks with the aim of overcoming the consequences of the loss caused by the...

Ngày tải lên: 26/03/2015, 08:54

... by Lin Biao and Gang of Four cliques responsible for the CR As such, with the death of Mao and Lin, and the arrest of the Gang of Four, the issue of the CR can be considered resolved There are ... both of the Cultural Revolution and of Party history Importantly, the passing of the resolution coincided with the resignation of Hua Guofeng from posts of Chairman of the Central Committee of the ... at heart of the debate is the manner in which the CR is remembered and the implications thereof.1 In other words, the debate is about the collective memory of the Cultural Revolution The debate...

Ngày tải lên: 16/09/2015, 08:30

... result in terms of land values (the sum of the value of owned and occupied parcels) though not as the same level of magnitude as the value of non-land assets The value of land held by the top quartile ... Uganda to assess the impact of a disaggregated set of rights on investment, productivity, and land values and to test the hypothesis that individuals’ lack of knowledge of the new law reduces their ... certificates While the land fund and the associated promise of compensation to mailo landlords was partly needed to secure the consent of Baganda landlords to the Land Act, it also aimed to honor the President’s...

Ngày tải lên: 23/04/2016, 04:54

Ngày tải lên: 10/05/2016, 01:49

... discusses the scope of the study, the method of the study and provides the design of the study I Rationale of the study Since the open-door policy adapted to Vietnam, the need for integrating into the ... presents the rationales, the objectives, the method and the design of the study It expresses the reason why the author decided to choose this study and the methods for the fulfillment of the study ... Description of the freshmen at Faculty of English, HOU Like the first-year students of other colleges and universities, in order to be the students of Faculty of English (HOU), the freshmen at Faculty of...

Ngày tải lên: 24/06/2016, 21:28

... models, the lending culture of the bank, the seniority and experience of loan officers, the banks’ hierarchy of decision-making, and so on They thus include price and non-price terms and conditions ... tightening their credit standards as reported in the survey (top left box in Figure 1) Bank lending or credit standards are the criteria by which banks determine the risk of loan applicants and rank them ... and terms of the loans, such as the bank margins, the size, the maturity and the collateral requirements of the loans The panel regression analysis shows a significant predictive content of the...

Ngày tải lên: 15/03/2014, 10:20

... 2006, the VPBank Training Center completed its study of the training demands of the whole body of employees in the VPBank System, building a basis for the formation of plan and the conducting of ... According to theory of Kumar 1999, the choice of particular method depends upon the purpose of the study, the resources available to the researcher, the skills of the researcher and the socio-economic- ... account for 87 percentage The quality of our personnel is one of the primary factors contributing to the strength of the Bank, and help VPBank ready to face the challenges of competition, particularly...

Ngày tải lên: 17/03/2015, 13:25

... cluster A and B average For equation (1), the log of the number of cumulative loans is the variable of interest For equation (2), the log of the number of cumulative conditions is the variable of interest ... International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent Produced by the ... variable and variables of interest In this study we analyze the association of World Bank lending with the quality of economic policy In contrast with most of the existing literature on policy lending, ...

Ngày tải lên: 21/04/2016, 07:24

Ngày tải lên: 18/02/2014, 11:20

... of banks These ratings of the financial condition of the banks consider the capital adequacy, asset quality, management quality, earnings potential, and liquidity of the institution (CAMEL) The ... the core of the "lending view," we focus the empirical analysis on the change in bank loans.9 Because of the limited length of the time series for constrained banks (23 quarters), the power of ... action, and that the response BANK LENDING AND TRANSMISSION OF MONETARY POLICY 61 occurs discretely at the time of the bank examination that results in the enforcement action Furthermore, the imposition...

Ngày tải lên: 15/03/2014, 10:20