Similar Search Results

Bank holding company dividends and repurchases during the financial crisis

Hirtle, Beverly - Federal Reserve Bank of New York - 2014

Many large U.S. bank holding companies (BHCs) continued to pay dividends during the recent financial crisis, even as …

Persistent link: https://www.econbiz.de/10010757407

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

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

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

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

Financial stability policies for shadow banking

Adrian, Tobias - Federal Reserve Bank of New York - 2014

mechanisms for shadow banking that have been documented in the literature. I then illustrate the role of shadow bank policies …

Persistent link: https://www.econbiz.de/10010751388

Dealer financial conditions and lender-of-last resort facilities

Acharya, Viral V.; Fleming, Michael J.; Hrung, Warren; … - Federal Reserve Bank of New York - 2014

We examine the financial conditions of dealers that participated in two of the Federal Reserve’s lender-of-last-resort (LOLR) facilities--the Term Securities Lending Facility (TSLF) and the Primary Dealer Credit Facility (PDCF)--that provided liquidity against a range of assets during 2008-09....

Persistent link: https://www.econbiz.de/10010774312

Monetary policy, financial conditions, and financial stability

Adrian, Tobias; Liang, J. Nellie - Federal Reserve Bank of New York - 2014

In the conduct of monetary policy, there exists a risk-return trade-off between financial conditions and financial stability, which complements monetary policy’s traditional trade-off between inflation and real activity. The trade-off exists even if monetary policy does not target financial...

Persistent link: https://www.econbiz.de/10010892318

CDS and equity market reactions to stock issuances in the U.S. financial industry: evidence from the 2002-13 period

Mehran, Hamid; Wei, Chenyang; Cornette, Marcia Millon; … - Federal Reserve Bank of New York - 2014

We study market reactions to seasoned equity issuances that were announced by financial companies between 2002 and 2013. To assess the risk and valuation implications of these seasoned equity issuances, we conduct an event analysis using daily credit default swap (CDS) and stock market pricing...

Persistent link: https://www.econbiz.de/10010942922

Supervisory stress tests

Hirtle, Beverly; Lehnert, Andreas - Federal Reserve Bank of New York - 2014

This article describes the background, design choices and particular details of stress tests used as part of an overall supervisory regime; that is, their formal integration into the process of the ongoing prudential supervision of banks and other large financial institutions. We then describe...

Persistent link: https://www.econbiz.de/10010942923