Showing 1 - 10 of 11
This paper studies the impact of technological change and regulatory competition on governmental efforts to generate rents for banks in two stylized regulatory environments. In the first environment, incentive-conflicted regulators attempt to create rents by restricting the size and scope of...
Persistent link: https://www.econbiz.de/10012471631
Banks are in the business of taking calculated risks. Expanding the geographic footprint of an organization's profit-making activities changes the geographic pattern of its exposure to loss in ways that are hard for regulators and supervisors to observe. This paper tests and confirms the...
Persistent link: https://www.econbiz.de/10012463202
duties and standards of safety-net management across the community of nations. Modelling the stakes and stakeholders …
Persistent link: https://www.econbiz.de/10012465955
Previous studies of event returns surrounding bank mergers show that banks gain value in megamergers and additional …
Persistent link: https://www.econbiz.de/10012468853
In a partial-equilibrium model, removing a binding constraint creates value. However, in general equilibrium, the stakes of other parties in maintaining the constraint must be examined. In financial deregulation, the fear is that expanding the scope and geographic reach of very large...
Persistent link: https://www.econbiz.de/10012470122
This paper explains that financial safety nets exist because of difficulties in enforcing contracts and shows that elements of deposit-insurance schemes differ substantially across countries. It argues that differences in the design of financial safety nets correlate significantly with...
Persistent link: https://www.econbiz.de/10012470500
efforts to supervise and guarantee bank solvency. African depositors face high costs for mitigating the loss exposures that …
Persistent link: https://www.econbiz.de/10012470728
offered by a very large bank. This unpriced credit enhancement helps to explain the preference revealed by very large U … banks have been more eager than small banks to offer mutual funds and why bank mutual funds could be priced to grow at a … time when bank deposits were being priced to shrink …
Persistent link: https://www.econbiz.de/10012473775
type of hidden capital and each class of bank, the model develops estimates of the stock-market, interest-rate, foreign …-exchange, and real estate sensitivities of returns to bank stockholders. Only the stock-market sensitivities prove significant at … five percent. This finding leads us to investigate what happens when we analyze Japanese bank stock returns by means of …
Persistent link: https://www.econbiz.de/10012475632
This paper decomposes both the market sensitivity and the interest-rate sensitivity of bank stock into on …
Persistent link: https://www.econbiz.de/10012476371