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Financial crises and the composition of cross-border lending

Hale, Galina; Cerutti, Eugenio; Minoiu, Camelia - Federal Reserve Bank of San Francisco - 2014

leads to three main results. First, banks with lower levels of capital favor syndicated over other kinds of cross …

Persistent link: https://www.econbiz.de/10010891279

Conditional risk and return in bank holding company stocks: a factor- GARCH approach

Neuberger, Jonathan A. - Federal Reserve Bank of San Francisco - 1994

Persistent link: https://www.econbiz.de/10005078258

Deposit insurance, risk, and market power in banking

Keeley, Michael C. - Federal Reserve Bank of San Francisco - 1988

turn, caused banks to- increase default risk through increases. in asset risk and reductions in capital. This hypothesis is …A fixed-rate deposit insurance system provides a moral hazard for excessive risk taking and is not viable absent …

Persistent link: https://www.econbiz.de/10005078269

Does capital regulation affect bank risk-taking?

Furlong, Frederick T.; Keeley, Michael C. - Federal Reserve Bank of San Francisco - 1987

Persistent link: https://www.econbiz.de/10005078292

Bank capital regulation: a reconciliation of two viewpoints

Keeley, Michael C.; Furlong, Frederick T. - Federal Reserve Bank of San Francisco - 1987

probability of bank failure and the risk exposure of the deposit insurance fund. On the other hand, the utility … asset risk and can increase the probability of bank failure. ; In this paper, we show that this seeming inconsistency stems …

Persistent link: https://www.econbiz.de/10005078306

Monetary policy and the theory of the risk-averse bank

Stiglitz, Joseph; Greenwald, Bruce - Federal Reserve Bank of San Francisco - 1993

Persistent link: https://www.econbiz.de/10005078332

Australian banking risk: evidence from share prices

Gizycki, Marianne; Levonian, Mark - Federal Reserve Bank of San Francisco - 1994

relationship between asset volatility and bank capital implies that riskier banks have tended to maintain higher capital ratios …, with a similar positive relationship between the two variables over time at individual banks. We find that the economic …

Persistent link: https://www.econbiz.de/10005078344

Idiosyncratic risk and the equity premium: evidence from the Consumer Expenditure Survey

Cogley, Timothy - Federal Reserve Bank of San Francisco - 1998

This paper uses household consumption data to investigate whether uninsurable idiosyncratic risk accounts for the … idiosyncratic income shocks. Following Mankiw (1986), the paper develops an equilibrium factor model in which risk premia depend on …

Persistent link: https://www.econbiz.de/10010702306

Domestic bond markets and inflation

Rose, Andrew; Spiegel, Mark M - Federal Reserve Bank of San Francisco - 2015

This paper explores the relationship between inflation and the existence of a local, nominal, publicly-traded, long-maturity, domestic-currency bond market. Bond holders are exposed to capital losses through inflation and therefore represent a potential anti-inflationary force; we ask whether...

Persistent link: https://www.econbiz.de/10011188054

When in peril, retrench: testing the portfolio channel of contagion

Broner, Fernando A.; Gelos, R. Gaston; Reinhart, Carmen - Federal Reserve Bank of San Francisco - 2004

past gains and losses on investors’ risk aversion. The paper first presents a simple model examining how heterogeneous … changes in investors’ risk aversion affects portfolio decisions and stock prices. Second, the paper shows empirically that …

Persistent link: https://www.econbiz.de/10011026921