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Internalization, Clearing and Settlement, and Liquidity
Degryse, Hans; van Achter, M.; Wuyts, G. - Tilburg University, Center for Economic Research - 2012
Abstract: We study the relation between liquidity in financial markets and post-trading fees (i.e. clearing and settlement fees). The clearing and settlement agent (CSD) faces different marginal costs for different types of transactions. Costs are lower for an internalized transaction, i.e. when...
Persistent link: https://www.econbiz.de/10011090324
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Are bank holding companies a source of strength to their banking subsidiaries?
Ashcraft, Adam B. (contributor) - 2004 - [Elektronische Ressource]
I present evidence that the cross-guarantee authority granted to the FDIC by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 has unexpectedly strengthened the Federal Reserve's source-of-strength doctrine. In particular, I find that a bank affiliated with a multi-bank...
Persistent link: https://www.econbiz.de/10002128532
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The role of bank advisors in mergers and acquisitions
Allen, Linda (contributor) - 2002 - [Elektronische Ressource]
"This paper looks at the role of both commercial and investment banks in providing merger advisory services. In this area, unlike some areas of investment banking, commercial banks have always been allowed to compete directly with investment banks. In their dual role as lenders and advisors to...
Persistent link: https://www.econbiz.de/10001656388
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Are bank shareholders enemies of regulators or a potential source of market discipline?
Park, Sangkyun (contributor);  … - 2001 - [Elektronische Ressource]
In moral hazard models, bank shareholders have incentives to transfer wealth from the deposit insurer - that is, maximize put option value - by pursuing riskier strategies. For safe banks with large charter value, however, the risk-taking incentive is outweighed by the possibility of losing...
Persistent link: https://www.econbiz.de/10001630859
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Stock market reaction to financial statement certification by bank holding company CEOs
Hirtle, Beverly J. (contributor) - 2003 - [Elektronische Ressource]
In 2002, the Securities and Exchange Commission mandated that the chief executive officers of large, publicly traded firms certify the accuracy of their company financial statements. In this paper, I investigate whether CEO certification has had a measurable effect on the stock market valuation...
Persistent link: https://www.econbiz.de/10001783071
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How do stock repurchases affect bank holding company performance?
Hirtle, Beverly J. (contributor) - 2001 - [Elektronische Ressource], draft March 2001
financial performance for a large sample of bank holding companies over the years 1987 to 1998. The primary result is that … traded on major exchanges. The finding that higher repurchases are followed by better financial performance is consistent … evidence suggesting that the repurchase-performance link may be driven by different factors for different types of bank holding …
Persistent link: https://www.econbiz.de/10001589572
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Preferential regulatory treatment and banks' demand for government bonds
Bonner, Clemens - de Nederlandsche Bank - 2014
Government bonds receive preferential treatment in financial regulation. The purpose of this paper is to analyze the impact of this preferential treatment on banks' demand for government bonds. Using unique transaction-level data, our analysis suggests that preferential treatment in liquidity...
Persistent link: https://www.econbiz.de/10010812608
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Liquidity risk and U.S. bank lending at home and abroad
Goldberg, Linda S.; Correa, Ricardo; Rice, Tara - Federal Reserve Bank of New York - 2014
global banks (those with foreign affiliates) are associated with ex ante liquidity management strategies as reflected in …
Persistent link: https://www.econbiz.de/10010784189
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International banking and liquidity risk transmission: lessons from across countries
Buch, Claudia M.; Goldberg, Linda S. - Federal Reserve Bank of New York - 2014
management across global banks can be important for liquidity risk transmission into lending. Fourth, there is substantial …
Persistent link: https://www.econbiz.de/10010784190
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Simulations in the Dutch interbank payment system: A sensitivity analysis
Heijmans, Ronald - de Nederlandsche Bank - 2009
This paper presents an analysis on the sensitivity of the Dutch interbank payment system with respect to the value transferred and the amount of available collateral. The Dutch system can be characterised as a system with a few large and many relatively small participants.Historical data has...
Persistent link: https://www.econbiz.de/10005101806