| 1. |
- Amberg, Niklas, et al.
(författare)
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Trade Credit and Product Pricing: The Role of Implicit Interest Rates
- 2021
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Ingår i: Journal of the European Economic Association. - : Massachusetts Institute of Technology Press (MIT Press) / Oxford University Press (OUP): Policy F. - 1542-4774 .- 1542-4766. ; 19:2, s. 709-740
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Tidskriftsartikel (refereegranskat)abstract
- We empirically investigate the proposition that firms charge premia on cash prices in transactions involving trade credit. Using a comprehensive panel data set on product-level transaction prices and firm characteristics, we relate trade credit issuance to price setting. In a recession characterized by tightened credit conditions, we find that prices increase significantly more on products sold by firms issuing more trade credit, in response to higher opportunity costs of liquidity and counterparty risks. Our results thus demonstrate the importance of trade credit for price setting and show that trade credit issuance induces a channel through which financial conditions affect prices.
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| 2. |
- Carling, Kenneth, et al.
(författare)
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Corporate credit risk modeling and the macroeconomy
- 2007
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Ingår i: Journal of Banking & Finance. - : Elsevier BV. - 0378-4266 .- 1872-6372. ; 31:3, s. 845-868
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Tidskriftsartikel (refereegranskat)abstract
- Despite a surge in the research efforts put into modeling credit and default risk during the past decade, few studies have incorporated the impact that macroeconomic conditions have on business defaults. In this paper, we estimate a duration model to explain the survival time to default for borrowers in the business loan portfolio of a major Swedish bank over the period 1994-2000. The model takes both firm-specific characteristics, such as accounting ratios and payment behaviour, loan-related information, and the prevailing macroeconomic conditions into account. The output gap, the yield curve and consumers' expectations of future economic development have significant explanatory power for the default risk of firms. We also compare our model with a frequently used model of firm default risk that conditions only on firm-specific information. The comparison shows that while the latter model can make a reasonably accurate ranking of firms' according to default risk, our model, by taking macro conditions into account, is also able to account for the absolute level of risk.
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| 3. |
- Carling, Kenneth, et al.
(författare)
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Duration of consumer loans and bank lending policy : dormancy versus default risk
- 1998
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Annan publikation (övrigt vetenskapligt/konstnärligt)abstract
- A bank that lends money to a household faces two types of risk. Most commonly mentioned is the risk of a default. Hardly ever referred to is the risk of an early redemption of the loan - leading to dormancy. We model consumer loans' transition from an active to a dormant state and estimate a semi-parametric duration model with a data set consisting of 4,733 individuals who were granted credit by a Swedish lending institution between 1993 and 1995. We analyze the factors that determine the time to maturity on a loan and investigate the model's ability to match the maturities observed in the data. The model is used to evaluate loan applicants by their expected durations and - profits, and to derive the distribution of conditional expected durations and - profits for the loan portfolio. This enables us to draw some conclusions about the efficiency of bank lending policy.
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| 4. |
- Edvinsson, Rodney, 1971-, et al.
(författare)
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Genmäle till Pihl och Winton
- 2018
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Ingår i: Ekonomisk Debatt. - 0345-2646. ; 46:7, s. 55-57
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Tidskriftsartikel (övrigt vetenskapligt/konstnärligt)
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| 5. |
- Edvinsson, Rodney, 1971-, et al.
(författare)
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Introduction
- 2018
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Ingår i: Sveriges Riksbank and the History of Central Banking. - Cambridge : Cambridge University Press. - 9781107193109 - 9781108140430 ; , s. 1-25
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Bokkapitel (refereegranskat)
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| 6. |
- Edvinsson, Rodney, 1971-, et al.
(författare)
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Introduction to Historical Monetary and Financial Statistics for Sweden, Volume II : House Prices, Stock Returns, National Accounts, and the Riksbank Balance Sheet, 1620–2012
- 2014
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Ingår i: House prices, stock returns, national accounts and the Riksband balance sheet 1620-2012. - Stockholm : Ekerlids förlag. - 9789189612822 ; , s. 9-25
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Bokkapitel (övrigt vetenskapligt/konstnärligt)
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| 7. |
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| 8. |
- Fregert, Klas, et al.
(författare)
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Fiscal statistics for Sweden 1668-2011
- 2014
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Ingår i: House prices, stock returns, national accounts and the Riksbank balance sheet 1620-2012. - 9789189612822 ; 2, s. 183-222
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Bokkapitel (övrigt vetenskapligt/konstnärligt)
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| 9. |
- Fregert, Klas, et al.
(författare)
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Sveriges Riksbank: 350 Years in the Making
- 2018
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Ingår i: Sveriges Riksbank and the History of Central Banking. - 9781107193109 ; , s. 90-142
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Bokkapitel (övrigt vetenskapligt/konstnärligt)
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| 10. |
- Fregert, Klas, et al.
(författare)
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Sweden's banks 1772-1870: Institutions, data, and size
- 2022
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Ingår i: Historical Monetary and Financial Statistics for Sweden : Banking, Bonds, National Wealth, and Stockholm House prices 1420-2020 - Banking, Bonds, National Wealth, and Stockholm House prices 1420-2020. - 978 91 89323 60 5 ; III, s. 12-99
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Bokkapitel (övrigt vetenskapligt/konstnärligt)
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