Thesis (Ph. D.)--Georgia State University, 2007. / Title from file title page. Neven T. Valev, committee chair; Sally Wallace, Vassil T. Mihov, Felix K. Rioja, Shiferaw Gurmu, committee members. Electronic text (105 p. : ill.) : digital, PDF file. Description based on contents viewed June 19, 2008. Includes bibliographical references (p. 98-104).

Thesis (Ph. D.)--University of Wisconsin--Madison, 1963. / Typescript. Vita. eContent provider-neutral record in process. Description based on print version record. Includes bibliographical references.

Thesis (Ph. D.)--UCLA, 2008. / Vita. Description based on print version record. Includes bibliographical references.

Thesis (Ph.D.)--Cleveland State University, 2010. / Abstract. Title from PDF t.p. (viewed on Mar. 24, 2010). Includes bibliographical references (p. 140-141). Available online via the OhioLINK ETD Center and also available in print.

There are many channels that the Fed uses to transmit monetary policy, bank lending channel being one of them. The lending view focuses on the potential fluctuations in loan supplied by banks have on aggregate activity due to a fall in Fed Reserves. This thesis investigates the significance of the bank lending channel because of its important effect on investment (and consequently, aggregate output). In addition, Institutional Memory, deteriorating memory in loan officers causing more loans to be processed at the top of the business cycle (Berger and Udell, 2002) is tested on Core loans using 4 lags (1 year) to find out if bank lending behavior exists. Using Core loans (Commercial and Industrial, Real Estate, and Consumer loans) of commercial banks for the United States over a nineteen year period (1985-2004) results find significant evidence in the bank lending channel through Commercial & Industrial, and Real Estate loans. Firstly, through a correlation computation, it was found that Core loans were procyclical with aggregate output (GDP). Analyzing the [ cyclical] movements of Core loans around their trends with respect to Business cycle peaks, troughs, and GDP, it was found that Commercial & Industrial, and Real Estate loans provided supporting evidence on procyclical movements with the economy, implying the connection of the Federal Reserve and the economy through the bank lending channel is more effective through the aforementioned loans. Finally, four periods (1 year) in lags were used in autocorrelations to test for Institutional Memory. The computations find that Real Estate loans have a one year memory. This means that, for instance, if a recession were occurred today, Real Estate loans will not be affected until one year from today.

by Mak Kwai-ming, Simon [and] Lam Hing-wai, Johnny. / Bibliography: leaves 79-80 / Thesis (M.B.A.)--Chinese University of Hong Kong, 1984

No description available.

The conventional theory of financial intermediation suggests that banks are the main conduit between savers and borrowers however, research has shown that international banks are losing importance in intermediating i.e. mobilise savings and allocating these funds among competing borrowers - this international reality is due to a number of reasons including changes in regulation, growth in capital markets, non-bank financial intermediaries, foreign competition etc. South Africa has a highly concentrated banking sector with the five largest banks holding more than 90% of the industry’s assets however growth in non-bank financial intermediaries are threatening the intermediary role and profitability of banks - this research serves to investigate whether bank disintermediation is occurring in the South African context and whether the traditional role of banks is declining.

Corporate finance theory suggests that bank’s private information about borrowers lets them hold up borrowers for higher interest rates and that hold up power should increase with borrower risk, and if so, banks with private information about borrowers should increase their rates in recessions more than warranted by borrower risk alone. Studies have been concluded in other markets for these propositions, particularly for the US market. This paper has replicated these studies for an emerging economy (Republic of South Africa) to see if the findings will hold across dissimilar markets. Hold up cost is not just a function of information monopoly, Rajan, 1992 posits that firms with a higher probability of failure should suffer more from informational hold-up cost. The risk of failure is more pronounced during recession than in expansion and hence relationship banks with information monopolies are able to extract more rents in recession than warranted by borrower default risk alone. Using literature that suggest that information rents can be mitigated by multiple banking relationships, I investigated further, whether this problem of hold up cost can be mitigated through a different channel by studying credit spreads of firms that have publicly sourced funds, and continued to seek private funds in the South African market.Using LOANSPREAD as the dependent variable in a regression model, I find that loan spreads are higher for bank-dependent firms, rise in recessions and rise by a greater amount in recessions for bankdependent firms. In the context of this study I define bank-dependent firms as those firms who have issued no public bond. The key finding is that, indeed multiple banking relationships can reduce informational monopolies, but issuing public bonds can be another channel that South African firms can use to avoid being taken advantage of by financiers with information monopoly over competing financiers.

Thesis (M.B.A.)--University of Hong Kong, 1989.