Tightening financial regulation squeezes banking activities into the shadow banking sector, which may hurt financial stability and production (Plantin, 2014). Unlike Plantin’s work, we investigate regulations that reduce banks’ leverage and dampen financial amplification effects. Moreover, our paper studies the trade-off between economic growth and financial stability in light of shadow banking...

Introduction: In the elderly, functional balance, fear of falling, and independence in daily living activities are interrelated; however, this relationship may change under the influence of drug phase and the severity of disease in individuals with idiopathic Parkinson disease. This study aimed to investigate the association of functional balance, fear of falling, and independence in the Activi...

We present novel empirical evidence on the use of off-balance sheet financing by publiclytraded, U.S. nonfinancial firms. We find that about 5 percent of nonfinancial firms reported using a special purpose financing vehicle (SPV) to finance receivables in 2006. At the origination of the off-balance sheet financing program, firms experienced abnormal increases in stock prices on the order of 2 p...

With regulations on deposit rates and on-balance-sheet lending, Chinese banks have significantly increased off-balance-sheet activities in recent years, most notably by issuing wealth management products. We examine the relationship between the product characteristics and the issuing banks and find that (1) the scale of product issuance is greater for banks constrained more by on-balance-sheet ...

With China’s progressive multi-level capital market strategic direction, as well the gradual implementation of mixed operation commercial banks. Derivative financial instruments will be further developed in This paper focuses on information disclosure derivative by banks, combined with standard off-balance-sheet international instruments, using index and project ratio to analyze listed banks ou...

Although U.S. off-balance sheet (OBS) banking activities have been studied both theoretically and empirically, no paper studies Canadian OBS banking activities, which are growing larger each year. This paper supports the market discipline hypothesis of Canadian bank letters of credit (LC) activities by employing several market measures of risk from one-factor and multifactor models, including a...