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insolvency resolutions have changed substantially under FDICIA. The average interval between bank examinations has dropped for … insolvency-resolution process. Consistent with an hypothesis that FDICIA has improved incentives, our data show that a markedly …
Persistent link: https://www.econbiz.de/10013071216
of government in the insolvency-resolution process. Consistent with an hypothesis that FDICIA has improved incentives … transitions and the character of insolvency resolutions have changed substantially under FDICIA. The average interval between bank …
Persistent link: https://www.econbiz.de/10012464072
Persistent link: https://www.econbiz.de/10003792383
"This essay shows that government credit-allocation schemes generate incentive conflicts that undermine the quality of bank supervision and eventually produce banking crisis. For political reasons, most countries establish a regulatory culture that embraces three economically contradictory...
Persistent link: https://www.econbiz.de/10003689894
This essay shows that government credit-allocation schemes generate incentive conflicts that undermine the quality of bank supervision and eventually produce banking crisis. For political reasons, most countries establish a regulatory culture that embraces three economically contradictory...
Persistent link: https://www.econbiz.de/10012772313
This essay shows that government credit-allocation schemes generate incentive conflicts that undermine the quality of bank supervision and eventually produce banking crisis. For political reasons, most countries establish a regulatory culture that embraces three economically contradictory...
Persistent link: https://www.econbiz.de/10012464752
This paper supplies an agency-cost and contestable-markets perspective on the financial policies that triggered the Asian financial crisis. The agency-cost analysis hypothesizes that individual-country regulators knew that politically directed loans had made their banks insolvent, but...
Persistent link: https://www.econbiz.de/10012471262
also highlighted the importance of insolvency systems to resolve corporate sector financial distress. The literature and … the effects of specific design features of insolvency regimes in relation to the quality of the countries' overall … system. These findings suggest that there are important incentive effects of insolvency systems encouraging less risky …
Persistent link: https://www.econbiz.de/10012559623
This paper tests the optimal-contracting hypothesis, drawing upon data from a natural experiment that ended during the Great Depression. The subjects of our experiment are bank stockholders. The experimental manipulation concerns the imposition of state or federal restrictions on the contracts...
Persistent link: https://www.econbiz.de/10012472980
also highlighted the importance of insolvency systems to resolve corporate sector financial distress. The literature and … investigate the effects of specific design features of insolvency regimes in relation to the quality of the countries' overall … system. These findings suggest that there are important incentive effects of insolvency systems encouraging less risky …
Persistent link: https://www.econbiz.de/10014085310