Credit Ratings and Bank Monitoring Ability
Author
Abstract
(This abstract was borrowed from another version of this item.)
Suggested Citation
Download full text from publisher
Other versions of this item:
- Nakamura, L.I. & Roszbach, K., 2010. "Credit Ratings and Bank Monitoring Ability," Discussion Paper 2010-37S, Tilburg University, Center for Economic Research.
- Nakamura, L.I. & Roszbach, K., 2010. "Credit Ratings and Bank Monitoring Ability," Other publications TiSEM 851b3292-b85c-48fe-a4af-f, Tilburg University, School of Economics and Management.
- Leonard I. Nakamura & Kasper Roszbach, 2010. "Credit ratings and bank monitoring ability," Working Papers 10-21, Federal Reserve Bank of Philadelphia.
- Leonard I. Nakamura & Kasper Roszbach, 2013. "Credit ratings and bank monitoring ability," Working Papers 13-21, Federal Reserve Bank of Philadelphia.
References listed on IDEAS
- Lummer, Scott L. & McConnell, John J., 1989. "Further evidence on the bank lending process and the capital-market response to bank loan agreements," Journal of Financial Economics, Elsevier, vol. 25(1), pages 99-122, November.
- William B. English & William R. Nelson, 1998. "Bank risk rating of business loans," Finance and Economics Discussion Series 1998-51, Board of Governors of the Federal Reserve System (U.S.).
- Loretta J. Mester & Leonard I. Nakamura & Micheline Renault, 2007.
"Transactions Accounts and Loan Monitoring,"
The Review of Financial Studies, Society for Financial Studies, vol. 20(3), pages 529-556.
- Loretta J. Mester & Leonard I. Nakamura & Micheline Renault, 2004. "Transactions accounts and loan monitoring," Working Papers 04-20, Federal Reserve Bank of Philadelphia.
- Loretta J. Mester & Leonard I. Nakamura, 2005. "Transactions accounts and loan monitoring," Working Papers 05-14, Federal Reserve Bank of Philadelphia.
- Douglas W. Diamond, 1984. "Financial Intermediation and Delegated Monitoring," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 51(3), pages 393-414.
- Krahnen, Jan Pieter & Weber, Martin, 2001.
"Generally accepted rating principles: A primer,"
Journal of Banking & Finance, Elsevier, vol. 25(1), pages 3-23, January.
- Krahnen, Jan Pieter & Weber, Martin, 2000. "Generally accepted rating principles: A primer," CFS Working Paper Series 2000/02, Center for Financial Studies (CFS).
- Sumit Agarwal, 2010. "Distance and Private Information in Lending," The Review of Financial Studies, Society for Financial Studies, vol. 23(7), pages 2757-2788, July.
- Paul Povel & Rajdeep Singh & Andrew Winton, 2007.
"Booms, Busts, and Fraud,"
The Review of Financial Studies, Society for Financial Studies, vol. 20(4), pages 1219-1254.
- Paul Povel & Rajdeep Singh & Andrew Winton, 2003. "Booms, Busts, and Fraud," Finance 0312007, University Library of Munich, Germany.
- Jacobson, Tor & Linde, Jesper & Roszbach, Kasper, 2006.
"Internal ratings systems, implied credit risk and the consistency of banks' risk classification policies,"
Journal of Banking & Finance, Elsevier, vol. 30(7), pages 1899-1926, July.
- Jacobson, Tor & Lindé, Jesper & Roszbach, Kasper, 2003. "Internal Ratings Systems, Implied Credit Risk and the Consistency of Banks’ Risk Classification Policies," Working Paper Series 155, Sveriges Riksbank (Central Bank of Sweden).
- Sanjiv R. Das & Darrell Duffie & Nikunj Kapadia & Leandro Saita, 2007.
"Common Failings: How Corporate Defaults Are Correlated,"
Journal of Finance, American Finance Association, vol. 62(1), pages 93-117, February.
- Sanjiv Das & Darrell Duffie & Nikunj Kapadia & Leandro Saita, 2006. "Common Failings: How Corporate Defaults are Correlated," NBER Working Papers 11961, National Bureau of Economic Research, Inc.
- Tor Jacobson & Jesper Lindé & Kasper Roszbach, 2013.
"Firm Default And Aggregate Fluctuations,"
Journal of the European Economic Association, European Economic Association, vol. 11(4), pages 945-972, August.
- Tor Jacobson & Rikard Kindell & Jesper Lindé & Kasper Roszbach, 2008. "Firm default and aggregate fluctuations," Working Papers 08-21, Federal Reserve Bank of Philadelphia.
- Linde, Jesper & Jacobson, Tor & Roszbach, Kasper & Kindell, Rikard, 2008. "Firm Default and Aggregate Fluctuations," CEPR Discussion Papers 7083, C.E.P.R. Discussion Papers.
- Jacobson, Tor & Kindell, Rikard & Lindé, Jesper & Roszbach, Kasper, 2008. "Firm Default and Aggregate Fluctuations," Working Paper Series 226, Sveriges Riksbank (Central Bank of Sweden).
- Tor Jacobson & Jesper Lindé & Kasper Roszbach, 2011. "Firm default and aggregate fluctuations," International Finance Discussion Papers 1029, Board of Governors of the Federal Reserve System (U.S.).
- Grunert, Jens & Norden, Lars & Weber, Martin, 2005.
"The role of non-financial factors in internal credit ratings,"
Journal of Banking & Finance, Elsevier, vol. 29(2), pages 509-531, February.
- Weber, Martin & Grunert, Jens & Norden, Lars, 2002. "The Role of Non-financial Factors in Internal Credit Ratings," CEPR Discussion Papers 3415, C.E.P.R. Discussion Papers.
- Andrew Hertzberg & Jose Maria Liberti & Daniel Paravisini, 2010. "Information and Incentives Inside the Firm: Evidence from Loan Officer Rotation," Journal of Finance, American Finance Association, vol. 65(3), pages 795-828, June.
- Treacy, William F. & Carey, Mark, 2000. "Credit risk rating systems at large US banks," Journal of Banking & Finance, Elsevier, vol. 24(1-2), pages 167-201, January.
- Mark Bils & Peter J. Klenow & Benjamin A. Malin, 2012.
"Reset Price Inflation and the Impact of Monetary Policy Shocks,"
American Economic Review, American Economic Association, vol. 102(6), pages 2798-2825, October.
- Mark Bils & Pete Klenow & Benjamin Malin, "undated". "Reset Price Inflation and the Impact of Monetary Policy Shocks," Discussion Papers 08-041, Stanford Institute for Economic Policy Research.
- Pete Klenow & Ben Malin & Mark Bils, 2010. "Reset Price Inflation and the Impact of Monetary Policy Shocks," 2010 Meeting Papers 1079, Society for Economic Dynamics.
- Mark Bils & Peter J. Klenow & Benjamin A. Malin, 2009. "Reset Price Inflation and the Impact of Monetary Policy Shocks," NBER Working Papers 14787, National Bureau of Economic Research, Inc.
- Mark Bils & Peter J. Klenow & Benjamin A. Malin, 2009. "Reset price inflation and the impact of monetary policy shocks," Finance and Economics Discussion Series 2009-16, Board of Governors of the Federal Reserve System (U.S.).
- Berger, Allen N & Davies, Sally M & Flannery, Mark J, 2000.
"Comparing Market and Supervisory Assessments of Bank Performance: Who Knows What When?,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 32(3), pages 641-667, August.
- Allen N. Berger & Sally M. Davies & Mark J. Flannery, 2000. "Comparing market and supervisory assessments of bank performance: who knows what when?," Proceedings, Federal Reserve Bank of Cleveland, pages 641-670.
- Allen N. Berger & Sally M. Davies & Mark J. Flannery, 1998. "Comparing market and supervisory assessments of bank performance: who knows what when?," Finance and Economics Discussion Series 1998-32, Board of Governors of the Federal Reserve System (U.S.).
- Keys, Benjamin J. & Mukherjee, Tanmoy & Seru, Amit & Vig, Vikrant, 2009. "Financial regulation and securitization: Evidence from subprime loans," Journal of Monetary Economics, Elsevier, vol. 56(5), pages 700-720, July.
- Carey, Mark & Hrycay, Mark, 2001.
"Parameterizing credit risk models with rating data,"
Journal of Banking & Finance, Elsevier, vol. 25(1), pages 197-270, January.
- Mark S. Carey & Mark Hrycay, 2000. "Parameterizing credit risk models with rating data," Finance and Economics Discussion Series 2000-47, Board of Governors of the Federal Reserve System (U.S.).
- Cantor, Richard, 2004. "An introduction to recent research on credit ratings," Journal of Banking & Finance, Elsevier, vol. 28(11), pages 2565-2573, November.
- Altman, Edward I. & Rijken, Herbert A., 2004. "How rating agencies achieve rating stability," Journal of Banking & Finance, Elsevier, vol. 28(11), pages 2679-2714, November.
- Dell'Ariccia, Giovanni & Marquez, Robert, 2004. "Information and bank credit allocation," Journal of Financial Economics, Elsevier, vol. 72(1), pages 185-214, April.
- Loffler, Gunter, 2004. "Ratings versus market-based measures of default risk in portfolio governance," Journal of Banking & Finance, Elsevier, vol. 28(11), pages 2715-2746, November.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Leonard Nakamura, 2014.
"Durable Financial Regulation: Monitoring Financial Instruments as a Counterpart to Regulating Financial Institutions,"
NBER Chapters, in: Measuring Wealth and Financial Intermediation and Their Links to the Real Economy, pages 67-88,
National Bureau of Economic Research, Inc.
- Leonard I. Nakamura, 2010. "Durable financial regulation: monitoring financial instruments as a counterpart to regulating financial institutions," Working Papers 10-22, Federal Reserve Bank of Philadelphia.
- Leonard I. Nakamura, 2012. "Durable financial regulation: monitoring financial instruments as a counterpart to regulating financial institutions," Working Papers 13-02, Federal Reserve Bank of Philadelphia.
- Leonard Nakamura, 2011. "Durable Financial Regulation: Monitoring Financial Instruments as a Counterpart to Regulating Financial Institutions," NBER Working Papers 17006, National Bureau of Economic Research, Inc.
- Jacobson, Tor & Linde, Jesper & Roszbach, Kasper, 2006.
"Internal ratings systems, implied credit risk and the consistency of banks' risk classification policies,"
Journal of Banking & Finance, Elsevier, vol. 30(7), pages 1899-1926, July.
- Jacobson, Tor & Lindé, Jesper & Roszbach, Kasper, 2003. "Internal Ratings Systems, Implied Credit Risk and the Consistency of Banks’ Risk Classification Policies," Working Paper Series 155, Sveriges Riksbank (Central Bank of Sweden).
- Miloš Božovic & Branko Uroševic & Boško Živkovic, 2011. "Credit Rating Agencies and Moral Hazard," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(2), pages 219-227, June.
- Marieke Bos & Leonard I. Nakamura, 2014. "Should defaults be forgotten? Evidence from variation in removal of negative consumer credit information," Working Papers 14-21, Federal Reserve Bank of Philadelphia.
- Marieke Bos & Leonard I. Nakamura, 2012. "Should defaults be forgotten? Evidence from legally mandated removal," Working Papers 12-29, Federal Reserve Bank of Philadelphia.
- Nakamura, Leonard I. & Roszbach, Kasper, 2018.
"Credit ratings, private information, and bank monitoring ability,"
Journal of Financial Intermediation, Elsevier, vol. 36(C), pages 58-73.
- Leonard I. Nakamura & Kasper Roszbach, 2016. "Credit Ratings, Private Information, and Bank Monitoring Ability," Working Papers 16-14, Federal Reserve Bank of Philadelphia.
- repec:fip:fedpwp:13-2 is not listed on IDEAS
- Ismail Tijjani Idris & Sabri Nayan, 2016. "The Moderating Role of Loan Monitoring on the Relationship between Macroeconomic Variables and Non-performing Loans in Association of Southeast Asian Nations Countries," International Journal of Economics and Financial Issues, Econjournals, vol. 6(2), pages 402-408.
- Augusto Hasman, 2013. "A Critical Review Of Contagion Risk In Banking," Journal of Economic Surveys, Wiley Blackwell, vol. 27(5), pages 978-995, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Nakamura, Leonard I. & Roszbach, Kasper, 2018.
"Credit ratings, private information, and bank monitoring ability,"
Journal of Financial Intermediation, Elsevier, vol. 36(C), pages 58-73.
- Leonard I. Nakamura & Kasper Roszbach, 2016. "Credit Ratings, Private Information, and Bank Monitoring Ability," Working Papers 16-14, Federal Reserve Bank of Philadelphia.
- Jacobson, Tor & Linde, Jesper & Roszbach, Kasper, 2006.
"Internal ratings systems, implied credit risk and the consistency of banks' risk classification policies,"
Journal of Banking & Finance, Elsevier, vol. 30(7), pages 1899-1926, July.
- Jacobson, Tor & Lindé, Jesper & Roszbach, Kasper, 2003. "Internal Ratings Systems, Implied Credit Risk and the Consistency of Banks’ Risk Classification Policies," Working Paper Series 155, Sveriges Riksbank (Central Bank of Sweden).
- Grunert, Jens & Norden, Lars & Weber, Martin, 2005.
"The role of non-financial factors in internal credit ratings,"
Journal of Banking & Finance, Elsevier, vol. 29(2), pages 509-531, February.
- Weber, Martin & Grunert, Jens & Norden, Lars, 2002. "The Role of Non-financial Factors in Internal Credit Ratings," CEPR Discussion Papers 3415, C.E.P.R. Discussion Papers.
- Artashes Karapetyan & Bogdan Stacescu, 2014.
"Information Sharing and Information Acquisition in Credit Markets,"
Review of Finance, European Finance Association, vol. 18(4), pages 1583-1615.
- Artashes Karapetyan & Bogdan Stacescu, 2009. "Information sharing and information acquisition in credit markets," IEW - Working Papers 454, Institute for Empirical Research in Economics - University of Zurich.
- Karapetyan, A. & Stacescu, B., 2009. "Information Sharing and Information Acqusition in Credit Markets," Other publications TiSEM 2e34e2de-5789-4ad7-a97b-2, Tilburg University, School of Economics and Management.
- Karapetyan, A. & Stacescu, B., 2009. "Information Sharing and Information Acqusition in Credit Markets," Discussion Paper 2009-36 S, Tilburg University, Center for Economic Research.
- Artashes Karapetyan & Bogdan Stacescu, 2010. "Information sharing and information acquisition in credit markets," Working Paper 2010/24, Norges Bank.
- Van Laere, Elisabeth & Baesens, Bart, 2010. "The development of a simple and intuitive rating system under Solvency II," Insurance: Mathematics and Economics, Elsevier, vol. 46(3), pages 500-510, June.
- Modina, Michele & Pietrovito, Filomena & Gallucci, Carmen & Formisano, Vincenzo, 2023. "Predicting SMEs’ default risk: Evidence from bank-firm relationship data," The Quarterly Review of Economics and Finance, Elsevier, vol. 89(C), pages 254-268.
- Gabriel Jiménez & Steven Ongena & José‐Luis Peydró & Jesús Saurina, 2014.
"Hazardous Times for Monetary Policy: What Do Twenty‐Three Million Bank Loans Say About the Effects of Monetary Policy on Credit Risk‐Taking?,"
Econometrica, Econometric Society, vol. 82(2), pages 463-505, March.
- Jiménez, Gabriel & Ongena, Steven & Peydró, José-Luis & Saurina, Jesús, 2014. "Hazardous times for monetary policy: what do twenty-three million bank loans say about the effects of monetary policy on credit risk-taking?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 82(2), pages 463-505.
- Gabriel Jiménez & Steven Ongena & José Luis Peydró & Jesús Saurina, 2009. "Hazardous times for monetary policy: What do twenty-three million bank loans say about the effects of monetary policy on credit risk-taking?," Working Papers 0833, Banco de España.
- Goedde-Menke, Michael & Ingermann, Peter-Hendrik, 2024. "Loan officer specialization and credit defaults," Journal of Banking & Finance, Elsevier, vol. 161(C).
- Hibbeln, Martin & Norden, Lars & Usselmann, Piet & Gürtler, Marc, 2020. "Informational synergies in consumer credit," Journal of Financial Intermediation, Elsevier, vol. 44(C).
- Gabriel Jiménez & Steven Ongena & José-Luis Peydró & Jesús Saurina, 2017. "“In the Short Run Blasé, In the Long Run Risqué”," Schmalenbach Business Review, Springer;Schmalenbach-Gesellschaft, vol. 18(3), pages 181-226, August.
- Gropp, R. & Grundl, C. & Guttler, A., 2012.
"Does Discretion in Lending Increase Bank Risk? Borrower Self-Selection and Loan Officer Capture Effects,"
Discussion Paper
2012-030, Tilburg University, Center for Economic Research.
- Gropp, R. & Grundl, C. & Guttler, A., 2012. "Does Discretion in Lending Increase Bank Risk? Borrower Self-Selection and Loan Officer Capture Effects," Other publications TiSEM 2182e266-2602-4531-bede-6, Tilburg University, School of Economics and Management.
- Gropp, R. & Grundl, C. & Guttler, A., 2012. "Does Discretion in Lending Increase Bank Risk? Borrower Self-Selection and Loan Officer Capture Effects," Other publications TiSEM bfec5360-2a2b-47e4-ba3f-d, Tilburg University, School of Economics and Management.
- Botsch, Matthew & Vanasco, Victoria, 2019. "Learning by lending," Journal of Financial Intermediation, Elsevier, vol. 37(C), pages 1-14.
- Wang, Yao & Drabek, Zdenek & Wang, Zhengwei, 2022. "The role of social and psychological related soft information in credit analysis: Evidence from a Fintech Company," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 96(C).
- José María Liberti & Mitchell A. Petersen, 2018. "Information: Hard and Soft," NBER Working Papers 25075, National Bureau of Economic Research, Inc.
- Dierkes, Maik & Erner, Carsten & Langer, Thomas & Norden, Lars, 2013. "Business credit information sharing and default risk of private firms," Journal of Banking & Finance, Elsevier, vol. 37(8), pages 2867-2878.
- Rym Ayadi & Beat Bernet & Simona Bovha-Padilla & Tom Franck & Nancy Huyghebaert & Vitor Gaspar & Reinhilde Veugelers, 2009. "Financing SMEs in Europe," SUERF Studies, SUERF - The European Money and Finance Forum, number 2009/3 edited by Morten Balling & Beat Bernet & Ernest Gnan, May.
- Santikian, Lori, 2014. "The ties that bind: Bank relationships and small business lending," Journal of Financial Intermediation, Elsevier, vol. 23(2), pages 177-213.
- Nataliya Fedorenko & Dorothea Schäfer & Oleksandr Talavera, 2007. "The Effects of the Bank-Internal Ratings on the Loan Maturity," Discussion Papers of DIW Berlin 704, DIW Berlin, German Institute for Economic Research.
- Djedidi-Kooli, Salima, 2009. "L’accès au financement des PME en France : quel rôle joué par la structure du système bancaire ?," Economics Thesis from University Paris Dauphine, Paris Dauphine University, number 123456789/8354 edited by Etner, François.
- Maik Dierkes & Carsten Erner & Thomas Langer & Lars Norden, 2012. "Business credit information sharing and default risk of private firms," Mo.Fi.R. Working Papers 64, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
More about this item
JEL classification:
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tiu:tiutis:c396197f-86a2-4c2a-9721-84766e76355d. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Richard Broekman (email available below). General contact details of provider: https://www.tilburguniversity.edu/about/schools/economics-and-management/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.