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Stock market reaction to financial statement certification by bank holding company CEOs
Hirtle, Beverly J. (contributor) - 2003 - [Elektronische Ressource]
had a measurable effect on the stock market valuation of the forty-two bank holding companies subject to the SEC order. I …
Persistent link: https://www.econbiz.de/10001783071
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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 … value, and a risk measure, this paper develops a semi-parametric model for estimating the critical level of bank risk at …
Persistent link: https://www.econbiz.de/10001630859
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Are bank holding companies a source of strength to their banking subsidiaries?
Ashcraft, Adam B. (contributor) - 2004 - [Elektronische Ressource]
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 …
Persistent link: https://www.econbiz.de/10002128532
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A primer on the GCF Repo® Service
Copeland, Adam Matthew; Agueci, Paul; Alkan, Leyla; … - Federal Reserve Bank of New York - 2014
This primer provides a detailed description of the GCF Repo® Service, a financial service provided by the Fixed Income Clearing Corporation. The primer is composed of an introductory note and two separate papers. The first paper focuses on the clearance and settlement of GCF Repo. These...
Persistent link: https://www.econbiz.de/10011027228
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Overnight RRP operations as a monetary policy tool: some design considerations
Martin, Antoine; Remache, Julie Ann; Frost, Joshua; … - Federal Reserve Bank of New York - 2015
We review recent changes in monetary policy that have led to development and testing of an overnight reverse repurchase agreement (ON RRP) facility, an innovative tool for implementing monetary policy during the normalization process. Making ON RRPs available to a broad set of investors,...
Persistent link: https://www.econbiz.de/10011184286
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Gates, fees, and preemptive runs
Cipriani, Marco; McCabe, Patrick E.; Parigi, Bruno - Federal Reserve Bank of New York - 2014
We build a model of a financial intermediary, in the tradition of Diamond and Dybvig (1983), and show that allowing the intermediary to impose redemption fees or gates in a crisis—a form of suspension of convertibility—can lead to preemptive runs. In our model, a fraction of investors...
Persistent link: https://www.econbiz.de/10011027237
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New evidence on the lending channel
Ashcraft, Adam B. (contributor) - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001630846
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Banks' incentives and the quality of internal risk models
Plosser, Matthew Charles; santos, joao - Federal Reserve Bank of New York - 2014
estimate bank biases at the credit level by comparing bank-generated risk estimates within loan syndicates. The biases are … positively correlated with measures of regulatory capital, even in the presence of bank fixed effects, consistent with an effort …
Persistent link: https://www.econbiz.de/10011103531
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Testimony on improving financial institution supervision: examining and addressing regulatory capture
Dudley, William - Federal Reserve Bank of New York - 2014
Testimony before the Senate Committee on Banking, Housing, and Urban Affairs Financial Institutions and Consumer Protection Subcommittee.
Persistent link: https://www.econbiz.de/10011082686
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Discussion of “Systemic Risk and the Solvency-Liquidity Nexus of Banks”
Adrian, Tobias - Federal Reserve Bank of New York - 2015
Pierret (2015) presents empirical analysis of the solvency-liquidity nexus for the banking system, documenting that a shock to the level of banks’ solvency risk is followed by lower short-term debt. Conversely, higher short-term debt Granger-causes higher solvency risk. These results point...
Persistent link: https://www.econbiz.de/10011241660