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"This paper looks at the role of both commercial and investment banks in providing merger advisory services. In this … investment banks. In their dual role as lenders and advisors to firms that are the target or the acquirer in a merger, banks can … advisors to acquirers. In particular, the target earns higher abnormal returns when the target's own bank certifies the (more …
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We investigate how bank migration across state lines over the last quarter century has affected the size and covariance …
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The Eurosystem and the U.S. Federal Reserve System follow quite different approaches to the execution of monetary policy. The former institution adopts a "hands-off" approach that largely delegates to depository institutions the task of stabilizing their own liquidity at high frequency. The...
Persistent link: https://www.econbiz.de/10001752004
and dollar claims in the event of bank default can induce banks to attract dollar deposits above the socially desirable … safety nets such as deposit and bank insurance. Our findings suggest that regulators in bi-currency economies would … undesirable currency mismatches"--Federal Reserve Bank of New York web site …
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particular, I find that a bank affiliated with a multi-bank holding company is significantly safer than either a stand-alone bank … or a bank affiliated with a one-bank holding company. Not only does affiliation reduce the probability of future … other banks. Moreover, the effects of affiliation are strengthened for an expanding bank holding company. However, the …
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