Similar Search Results

The role of private placement debt issues in corporate finance

Kwan, Simon H.; Carleton, Willard T. - Federal Reserve Bank of San Francisco - 1995

Private placement debt issues are more effective than public bonds in resolving information asymmetries and controlling …

Persistent link: https://www.econbiz.de/10005078237

Using securities market information for bank supervisory monitoring

Krainer, John; Lopez, Jose A. - Federal Reserve Bank of San Francisco - 2004

these ratings that combines supervisory and securities market data. We find that securities market variables, such as BHC … stock returns and bond yield spreads, improve the model’s in-sample fit. We also find that debt market variables provide … debt variables is little different from the accuracy of a model based on supervisory information alone. However, the model …

Persistent link: https://www.econbiz.de/10005721464

Heat waves, meteor showers, and trading volume: an analysis of volatility spillovers in the U.S. Treasury market

Fleming, Michael; Lopez, Jose A. - Federal Reserve Bank of San Francisco - 1999

The market for U.S. Treasury securities operates around-the-clock from the three main trading centers of Tokyo, London …

Persistent link: https://www.econbiz.de/10005401568

Using securities market information for bank supervisory monitoring

Krainer, John; Lopez, Jose A. - Federal Reserve Bank of San Francisco - 2004

Persistent link: https://www.econbiz.de/10010702183

Offshore financial centers: parasites or symbionts?

Rose, Andrew K.; Spiegel, Mark M. - Federal Reserve Bank of San Francisco - 2005

This paper analyzes the causes and consequences of offshore financial centers (OFCs). Since OFCs are likely to be tax havens and money launderers, they encourage bad behavior in source countries. Nevertheless, OFCs may also have unintended positive consequences for their neighbors, since they...

Persistent link: https://www.econbiz.de/10005361482

Regional economic conditions and the variability of rates of return in commercial banking

Furlong, Frederick; Krainer, John - Federal Reserve Bank of San Francisco - 2007

We develop new techniques to assess the relationship between commercial bank performance and the economic conditions in the markets in which they operate. In the analysis, we allow for heterogeneity in the responses of banks to regional economic conditions. We find a statistically significant...

Persistent link: https://www.econbiz.de/10005361496

Safe and sound banking, 20 years later: what was proposed and what has been adopted

Furlong, Fred; Kwan, Simon - Federal Reserve Bank of San Francisco - 2006

In 1986, a task force of banking academics organized and sponsored by the American Bankers Association convened to examine the banking industry and the efficacy of its regulatory system. The group was charged with reviewing the problems of ensuring the safety and soundness of the banking system...

Persistent link: https://www.econbiz.de/10005361506

Foreign bank lending and bond underwriting in Japan during the lost decade

Lopez, Jose A.; Spiegel, Mark M. - Federal Reserve Bank of San Francisco - 2006

We examine foreign intermediation activity in Japan during the so-called "lost decade" of the 1990s, contrasting the behavior of lending by foreign commercial banks and underwriting activity by foreign investment banks over that period. Foreign bank lending is shown to be sensitive to domestic...

Persistent link: https://www.econbiz.de/10005361515

Central bank independence and the costs of disinflation in the EC

Walsh, Carl E. - Federal Reserve Bank of San Francisco - 1994

Persistent link: https://www.econbiz.de/10005078251

"Burden sharing" in sovereign debt reduction

Spiegel, Mark M. - Federal Reserve Bank of San Francisco - 1994

We examine a concerted debt reduction deal between a sovereign debtor, a private creditor, and an official creditor … unchanged requires that commercial banks retire debt at "unfairly" high prices, while official creditors make a net contribution. …

Persistent link: https://www.econbiz.de/10005078254