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The Effect of Dealing in Securities ...

Bayazitova, Dinara.

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The Effect of Dealing in Securities on Lending at Commercial Banks.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	The Effect of Dealing in Securities on Lending at Commercial Banks./
Author:	Bayazitova, Dinara.
Description:	51 p.
Notes:	Source: Dissertation Abstracts International, Volume: 74-09(E), Section: A.
Contained By:	Dissertation Abstracts International74-09A(E).
Subject:	Economics, Finance. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3562690
ISBN:	9781303104664

The Effect of Dealing in Securities on Lending at Commercial Banks.
Bayazitova, Dinara.

The Effect of Dealing in Securities on Lending at Commercial Banks. - 51 p.

Source: Dissertation Abstracts International, Volume: 74-09(E), Section: A.

Thesis (Ph.D.)--The University of North Carolina at Chapel Hill, 2013.

This study empirically examines the effect on lending of the change in bank regulation in 1996, when commercial banks were allowed to increase their dealing in securities. It documents the decline in loan growth rates at the affected dealer banks compared to unaffected banks. In particular, affected banks restricted their supply of lending by increasing denial rates on mortgages after the change. These effects can be explained by the competition for limited funding between lending and dealing in securities in the presence of credit constraints. Also, this research demonstrates that dealer banks shift funds from lending to market-making during periods of high volatility. This occurs because of the increased demand for liquidity provision by market-makers. Consistent with this explanation, I find higher risk-adjusted gross trading returns at dealer banks at those times.

ISBN: 9781303104664Subjects--Topical Terms:

626650
Economics, Finance.

The Effect of Dealing in Securities on Lending at Commercial Banks.
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020 $a 9781303104664
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100 1 $a Bayazitova, Dinara. $3 2100653
245 1 4 $a The Effect of Dealing in Securities on Lending at Commercial Banks.
300 $a 51 p.
500 $a Source: Dissertation Abstracts International, Volume: 74-09(E), Section: A.
500 $a Adviser: Anil Shivdasani.
502 $a Thesis (Ph.D.)--The University of North Carolina at Chapel Hill, 2013.
520 $a This study empirically examines the effect on lending of the change in bank regulation in 1996, when commercial banks were allowed to increase their dealing in securities. It documents the decline in loan growth rates at the affected dealer banks compared to unaffected banks. In particular, affected banks restricted their supply of lending by increasing denial rates on mortgages after the change. These effects can be explained by the competition for limited funding between lending and dealing in securities in the presence of credit constraints. Also, this research demonstrates that dealer banks shift funds from lending to market-making during periods of high volatility. This occurs because of the increased demand for liquidity provision by market-makers. Consistent with this explanation, I find higher risk-adjusted gross trading returns at dealer banks at those times.
590 $a School code: 0153.
650 4 $a Economics, Finance. $3 626650
650 4 $a Business Administration, Banking. $3 1018458
650 4 $a Business Administration, General. $3 1017457
650 4 $a Business Administration, Management. $3 626628
690 $a 0508
690 $a 0770
690 $a 0310
690 $a 0454
710 2 $a The University of North Carolina at Chapel Hill. $b Business. $3 1020767
773 0 $t Dissertation Abstracts International $g 74-09A(E).
790 $a 0153
791 $a Ph.D.
792 $a 2013
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3562690