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Papers by João Santos

Research paper thumbnail of P XIX.10 Analytical methods of toxic and genotoxic evaluation to the control of environmental quality

Mutation Research/Fundamental and Molecular Mechanisms of Mutagenesis, 1997

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Research paper thumbnail of Optimal Supervisory Policies and Depositor-Preferences Laws

SSRN Electronic Journal, 2000

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Research paper thumbnail of Performance and Asset Management Effects of Bank Acquisitions

SSRN Electronic Journal, 2000

Working papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to s... more Working papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment. The views stated herein are those of the authors and are not necessarily those of the Federal Reserve Bank of Cleveland or of the Board ...

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Research paper thumbnail of Commercial Banks in the Securities Business: A Review

SSRN Electronic Journal, 2000

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Research paper thumbnail of Identifying the Effect of Managerial Control on Firm Performance

SSRN Electronic Journal, 2000

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Research paper thumbnail of Optimal Supervisory Policies and Depositor-Preference Laws

SSRN Electronic Journal, 2000

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Research paper thumbnail of Bank Capital Regulation in Contemporary Banking Theory: A Review of the Literature

SSRN Electronic Journal, 2000

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Research paper thumbnail of Endogenous Financial Fragility and Prudential Regulation

SSRN Electronic Journal, 2000

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Research paper thumbnail of Systemic Risk and Deposit Insurance Premiums

SSRN Electronic Journal, 2000

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Research paper thumbnail of Liquidity Risk, Maturity Management and the Business Cycle

SSRN Electronic Journal, 2000

ABSTRACT We use the Shared National Credit data on syndicate loans to investigate U.S. firms’ ref... more ABSTRACT We use the Shared National Credit data on syndicate loans to investigate U.S. firms’ refinancing behavior over the last two decades. As credit conditions tighten, refinancing likelihood goes down and draw down on loan commitments increases sharply. Surprisingly, refinancing propensity is most sensitive to credit market conditions for credit worthy firms. We show that this is a result of active maturity management by credit worthy firms to avoid being exposed to liquidity risk. Credit worthy firms refinance early at a significantly higher rate when credit conditions are good in order to keep the effective maturity of their loans long. They can then afford to refinance at a lower rate when credit conditions tighten. We show that these results are driven by variation in credit market conditions and not business cycle fluctuation.

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Research paper thumbnail of Bank Capital, Borrower Power, and Loan Rates

SSRN Electronic Journal, 2000

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Research paper thumbnail of Do Banks Price Their Informational Monopoly?

SSRN Electronic Journal, 2000

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Research paper thumbnail of Is the Secondary Loan Market Valuable for Borrowers?

SSRN Electronic Journal, 2000

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Research paper thumbnail of Bank Corporate Loan Pricing Following the Subprime Crisis

SSRN Electronic Journal, 2000

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Research paper thumbnail of Systemic Risk and Deposit Insurance Premiums

SSRN Electronic Journal, 2000

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Research paper thumbnail of Do Banks Propagate Debt Market Shocks?

SSRN Electronic Journal, 2000

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Research paper thumbnail of Did the Rise of CLOs Lead to Riskier Lending?

SSRN Electronic Journal, 2000

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Research paper thumbnail of Banks' Liquidity and Cost of Liquidity for Corporations

SSRN Electronic Journal, 2000

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Research paper thumbnail of Cross Selling and Banking Efficiency

SSRN Electronic Journal, 2000

... João AC Santos¤ Federal Reserve Bank of New York May 2001 Abstract We show that e±ciency is g... more ... João AC Santos¤ Federal Reserve Bank of New York May 2001 Abstract We show that e±ciency is greater when financial institutions si-multaneously offer different products, such as banking, insurance and investment banking (cross selling). ...

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Research paper thumbnail of The Paradox of Priority

SSRN Electronic Journal, 2000

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Research paper thumbnail of P XIX.10 Analytical methods of toxic and genotoxic evaluation to the control of environmental quality

Mutation Research/Fundamental and Molecular Mechanisms of Mutagenesis, 1997

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Optimal Supervisory Policies and Depositor-Preferences Laws

SSRN Electronic Journal, 2000

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Performance and Asset Management Effects of Bank Acquisitions

SSRN Electronic Journal, 2000

Working papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to s... more Working papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment. The views stated herein are those of the authors and are not necessarily those of the Federal Reserve Bank of Cleveland or of the Board ...

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Research paper thumbnail of Commercial Banks in the Securities Business: A Review

SSRN Electronic Journal, 2000

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Identifying the Effect of Managerial Control on Firm Performance

SSRN Electronic Journal, 2000

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Optimal Supervisory Policies and Depositor-Preference Laws

SSRN Electronic Journal, 2000

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Bank Capital Regulation in Contemporary Banking Theory: A Review of the Literature

SSRN Electronic Journal, 2000

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Endogenous Financial Fragility and Prudential Regulation

SSRN Electronic Journal, 2000

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Systemic Risk and Deposit Insurance Premiums

SSRN Electronic Journal, 2000

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Liquidity Risk, Maturity Management and the Business Cycle

SSRN Electronic Journal, 2000

ABSTRACT We use the Shared National Credit data on syndicate loans to investigate U.S. firms’ ref... more ABSTRACT We use the Shared National Credit data on syndicate loans to investigate U.S. firms’ refinancing behavior over the last two decades. As credit conditions tighten, refinancing likelihood goes down and draw down on loan commitments increases sharply. Surprisingly, refinancing propensity is most sensitive to credit market conditions for credit worthy firms. We show that this is a result of active maturity management by credit worthy firms to avoid being exposed to liquidity risk. Credit worthy firms refinance early at a significantly higher rate when credit conditions are good in order to keep the effective maturity of their loans long. They can then afford to refinance at a lower rate when credit conditions tighten. We show that these results are driven by variation in credit market conditions and not business cycle fluctuation.

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Research paper thumbnail of Bank Capital, Borrower Power, and Loan Rates

SSRN Electronic Journal, 2000

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Do Banks Price Their Informational Monopoly?

SSRN Electronic Journal, 2000

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Is the Secondary Loan Market Valuable for Borrowers?

SSRN Electronic Journal, 2000

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Bank Corporate Loan Pricing Following the Subprime Crisis

SSRN Electronic Journal, 2000

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Systemic Risk and Deposit Insurance Premiums

SSRN Electronic Journal, 2000

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Do Banks Propagate Debt Market Shocks?

SSRN Electronic Journal, 2000

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Did the Rise of CLOs Lead to Riskier Lending?

SSRN Electronic Journal, 2000

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Banks' Liquidity and Cost of Liquidity for Corporations

SSRN Electronic Journal, 2000

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Cross Selling and Banking Efficiency

SSRN Electronic Journal, 2000

... João AC Santos¤ Federal Reserve Bank of New York May 2001 Abstract We show that e±ciency is g... more ... João AC Santos¤ Federal Reserve Bank of New York May 2001 Abstract We show that e±ciency is greater when financial institutions si-multaneously offer different products, such as banking, insurance and investment banking (cross selling). ...

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Research paper thumbnail of The Paradox of Priority

SSRN Electronic Journal, 2000

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