Bankruptcy Regime Change and Credit Risk Premium on Corporate Bonds: Evidence from the Indian Economy

Bankruptcy, manipulation of financial reporting data, and differences in corporate bond yields

Subject. The impact of propensity to bankruptcy and manipulation of accounting data on differences in excess yields of corporate bond portfolios. Objectives. Statistical analysis of the explanatory power of bankruptcy risk factors and the risk of manipulation of financial reporting data in relation to differences in bo...

Decomposition of Corporate Credit Growth Using Granular Data

It Takes Two to Tango. Capital Constraints and Bank Lending in Poland

The implementation of post-crisis (Basel III) capital requirements in 2015, followed by the introduction of the banking tax in 2016, marked a turning point for the loan-to-GDP ratio in Poland. Since Q4 2015, this ratio has declined by almost one-third, while the ratio of banks’ assets to GDP has remained relatively sta...

The Impact of a Drought on Banking Credit and Risk: Evidence from Argentina

We assess the impact of a drought on credit, risk and bank performance in Argentina, using credit registry data at the bank-firm level. We estimate difference-in- difference panel data models to measure whether the drought in 2022-23 had an impact on credit to firms and non-performing loans, controlling for banks and b...

Corporate Credit Portfolio Growth in Emerging Markets: A Review of Advances in Credit Decisioning and Governance

Corporate credit in emerging market economies expanded rapidly through the second half of the 2010s, and by 2020 the portfolios lenders held had changed in composition as well as in size. This paper reviews what changed over that period in the two capabilities that determine whether such an expansion is durable: the de...

Examining the Effects of Sectoral Credit on Liquidity of Banking Sector in Nigeria

The study examined the effect of sectoral credit allocations (agricultural, manufacturing, and SME) on the liquidity stability of Nigeria’s banking sector, a dimension often overshadowed by profitability and capital adequacy studies. Using quarterly times series data for a period of 24 years, (from 2000Q1–2023Q4) obtai...