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Branch Banking as a Device for Discipline : Competition and Bank Survivorship During the Great Depression

Carlson, Mark - 2007

Because California was a pioneer in the development of intrastate branching, we use its experience during the 1920s and … 1930s to assess the effects of the expansion of large-scale, branch-banking networks on competition and the stability of … banks responded to increased competition from branch banks by changing their operations in ways consistent with efforts to …

Persistent link: https://www.econbiz.de/10012465718

Branch Banking, Bank Competition, and Financial Stability

Carlson, Mark - 2005

findings. Using data on national banks from the 1920s and 1930s, we show that branch banking increases competition and forces … strengthening the branch banks themselves. Our empirical results suggest that the effects that branching had on competition were …

Persistent link: https://www.econbiz.de/10012467393

Liquidity Requirements, Free-Riding, and the Implications for Financial Stability Evidence from the early 1900s

Carlson, Mark - 2020

Maintaining sufficient liquidity in the financial system is vital for its stability. However, since returns on liquid assets are typically low, individual financial institutions may seek to hold fewer such assets, especially if they believe they can rely on other institutions for liquidity...

Persistent link: https://www.econbiz.de/10012482132

What kind of European Banking Union?

Véron, Nicolas; Sapir, André; Wolff, Guntram B.; … - 2012

This paper discusses the creation of a European Banking Union. First, we discuss questions of design. We highlight seven fundamental choices that decision makers will need to make: Which EU countries should participate in the banking union? To which categories of banks should it apply? Which...

Persistent link: https://www.econbiz.de/10009552338

Let the Worst One Fail : A Credible Solution to the Too-Big-To-Fail Conundrum

Philippon, Thomas; Wang, Olivier - National Bureau of Economic Research - 2021

We study time-consistent bank resolution mechanisms. When interventions are ex post efficient, a government cannot commit not to inject capital into the banking system. Contrary to common wisdom, we show that the government may still avoid moral hazard and implement the first best allocation by...

Persistent link: https://www.econbiz.de/10012794588

Banking crisis management in the EU : an interim assessment

Pisani-Ferry, Jean - 2009

Persistent link: https://www.econbiz.de/10003923580

Implementação do amortecedor de capital contracíclico em Angola

2013

Persistent link: https://www.econbiz.de/10010518994

Relatório de estabilidade financeira

Banco Nacional de Angola <Luanda> - Luanda : [Verlag nicht ermittelbar] - 2012 -

Persistent link: https://www.econbiz.de/10010527368

Legal Structure, Financial Structure, and the Monetary Policy Transmission Mechanism

Cecchetti, Stephen G. - 1999

Among the many challenges facing the new Eurosystem is the possibility that the regions of the euro area will respond differently to interest rate changes. In this essay, I provide evidence that differences in financial structure are the proximate cause for these national asymmetries in the...

Persistent link: https://www.econbiz.de/10012471636

Common Fundamentals in the Tequila and Asian Crises

Tornell, Aaron - 1999

The cross-country variation in the severity of the crisis was largely determined by three fundamentals: the strength of the banking system, the real appreciation, and the international liquidity of the country. We also find that the rule that links fundamentals to the crisis severity has been...

Persistent link: https://www.econbiz.de/10012471655