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Bank Lines of Credit as Contingent Liquidity : Covenant Violations and Their Implications
Acharya, Viral V. - 2017
financial implications for firms that use credit lines as an instrument of liquidity management …
Persistent link: https://www.econbiz.de/10012945607
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Bank Lines of Credit as Contingent Liquidity : A Study of Covenant Violations and Their Implications
Acharya, Viral V. - 2014
the heart of a new bank liquidity channel. This channel complements the traditional bank lending channel, which focuses on …
Persistent link: https://www.econbiz.de/10013051172
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Zombie Lending : Theoretical, International and Historical Perspectives
Acharya, Viral V.; Crosignani, Matteo; Eisert, Tim; … - National Bureau of Economic Research - 2022
This paper surveys the theory on zombie lending incentives and the consequences of zombie lending for the real economy. It also offers a historical perspective by reviewing the growing empirical evidence on zombie lending along three dimensions: (i) the role of under-capitalized banks, (ii)...
Persistent link: https://www.econbiz.de/10013190998
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Bank lines of credit as contingent liquidity : a study of covenant violations and their implications
Acharya, Viral V.; Almeida, Heitor; Ippolito, Filippo; … - 2014
Persistent link: https://www.econbiz.de/10010441321
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Are Banks Passive Liquidity Backstops? Deposit Rates and Flows during the 2007-2009 Crisis
Acharya, Viral V. - 2012
Can banks maintain their advantage as liquidity providers when they are heavily exposed to a financial crisis? The … liquidity insurer is not one of the passive recipient, but of an active seeker, of deposits. We find that banks facing a funding … liquidity demand shocks (as measured by their unused commitments, wholesale funding dependence, and limited liquid assets), as …
Persistent link: https://www.econbiz.de/10012460820
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Are Banks Passive Liquidity Backstops? Deposit Rates and Flows During the 2007-2009 Crisis
Acharya, Viral V. - 2012
Can banks maintain their advantage as liquidity providers when they are heavily exposed to a financial crisis? The … liquidity insurer is not one of the passive recipient, but of an active seeker, of deposits. We find that banks facing a funding … liquidity demand shocks (as measured by their unused commitments, wholesale funding dependence, and limited liquid assets), as …
Persistent link: https://www.econbiz.de/10013110924
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Cash holdings and bank compensation
Acharya, Viral V.; Mehran, Hamid; Sundaram, Rangarajan K. - In: Economic policy review 22 (2016) 1, pp. 77-83
Persistent link: https://www.econbiz.de/10011558506
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Cash Holdings and Bank Compensation
Acharya, Viral V. - 2017
The experience of the 2007-09 financial crisis has prompted much consideration of the link between the structure of compensation in financial firms and excessive risk taking by their employees. A key concern has been that compensation design rewards managers for pursuing risky strategies but...
Persistent link: https://www.econbiz.de/10012968378
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Systemic Risk and Deposit Insurance Premiums
Acharya, Viral V.; Santos, João A. C.; Yorulmazer, Tanju - London School of Economics and Political Science
While systemic risk—the risk of wholesale failure of banksand other financial institutions—is generally consideredto be the primary reason for supervision and regulation of thebanking industry, almost all regulatory rules treat such risk inisolation. In particular, they do not account for...
Persistent link: https://www.econbiz.de/10005869397