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Boyarchenko, Nina; Giannone, Domenico; Kovner, Anna - 2020

We study the relationship between bank capital ratios and the distribution of future real GDP growth. Growth in the aggregate bank capital ratio corresponds to a smaller left tail of GDP - smaller crisis probability - but at the cost of a smaller right tail of growth outcomes - smaller...

Persistent link: https://www.econbiz.de/10012385226

Insurance companies and the growth of corporate loans' securitization

Fringuellotti, Fulvia; Santos, João A. C. - 2021

We show that insurance companies have almost nonupled their investments in collateralized loan obligations (CLOs) in … capital charges, insurance companies invest more heavily in bonds and CLO tranches with higher yields. Preferences for CLO … regulatory reform, resulting in insurance companies holding more than 40 percent of mezzanine tranches outstanding in 2019. In …

Persistent link: https://www.econbiz.de/10012597742

Visible and hidden risk factors for banks

Schuermann, Til (contributor); Stiroh, Kevin J. (contributor) - 2006

Persistent link: https://www.econbiz.de/10003336151

Bank capital and value in the cross section

Mehran, Hamid; Thakor, Anjan V. - 2009

We address two questions: (i) Are bank capital structure and value correlated in the cross section, and if so, how? (ii) If bank capital does affect bank value, how are the components of bank value affected by capital? We first develop a dynamic model with a dissipative cost of bank capital that...

Persistent link: https://www.econbiz.de/10003947552

Valuing the Treasury’s Capital Assistance Program/ Paul Glasserman; Zhenyu Wang

Glasserman, Paul; Wang, Zhenyu - 2009

overall impact of the program. -- Financial crisis ; banking ; derivative pricing ; convertible preferred ; risk management …

Persistent link: https://www.econbiz.de/10003948201

Public disclosure, risk, and performance at bank holding companies

Hirtle, Beverly J. (contributor) - 2007

Persistent link: https://www.econbiz.de/10003522777

Resolving troubled systemically important cross-border financial institutions : is a new corporate organizational form required?

Cumming, Christine M.; Eisenbeis, Robert A. - 2010

This paper explores the advantages of a new financial charter for large, complex, internationally active financial institutions that would address the corporate governance challenges of such organizations, including incentive problems in risk decisions and the complicated corporate and...

Persistent link: https://www.econbiz.de/10008657240

Banks in international trade finance : evidence from the US

Niepmann, Friederike; Schmidt-Eisenlohr, Tim - 2013

reducing the risk of trade transactions. This paper uses banking data from the United States to document new empirical patterns …

Persistent link: https://www.econbiz.de/10010201328

Liquidity risk and U.S. bank lending at home and abroad

Correa, Ricardo; Goldberg, Linda S.; Rice, Tara N. - 2014

While the balance sheet structure of U.S. banks influences how they respond to liquidity risks, the mechanisms for the effects on and consequences for lending vary widely across banks. We demonstrate fundamental differences across banks without foreign affiliates versus those with foreign...

Persistent link: https://www.econbiz.de/10010404088

CDS and equity market reactions to stock issuances in the U.S. financial industry : evidence from the 2002-13 period

Cornett, Marcia Millon; Mehran, Hamid; Pan, Kevin; … - 2014

We study market reactions to seasoned equity issuances that were announced by financial companies between 2002 and 2013. To assess the risk and valuation implications of these seasoned equity issuances, we conduct an event analysis using daily credit default swap (CDS) and stock market pricing...

Persistent link: https://www.econbiz.de/10010423809