Showing 1 - 10 of 29
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
universal method for preventing and resolving banking problems and that the structure of a country's safety net should evolve …
Persistent link: https://www.econbiz.de/10012470500
This paper documents and explains the near-permanent banking stress African countries have experienced during the last … 20 years. The central hypothesis is that banking stress comes predominantly from unbooked losses and that the level of … unbooked losses a banking system can accumulate depends on its information environment and on the effectiveness of government …
Persistent link: https://www.econbiz.de/10012470728
to create rents by restricting the size and scope of individual banking organizations. In the second, rents come from … encourage customers to push rent-dependent banking systems into crisis. This analysis portrays the banking crises that have … regulating banking markets …
Persistent link: https://www.econbiz.de/10012471631
This paper argues that an implicit deposit-insurance credit enhancement is extended to any nondeposit savings vehicle offered by a very large bank. This unpriced credit enhancement helps to explain the preference revealed by very large U.S. banks for gearing up to offer mutual funds instead of...
Persistent link: https://www.econbiz.de/10012473775
applied to annual data covering 1975-1989 and a four-class size/charter partition of the Japanese banking system. For each …
Persistent link: https://www.econbiz.de/10012475632
This paper decomposes both the market sensitivity and the interest-rate sensitivity of bank stock into on-balance-sheet and off-balance-sheet components. It derives these constituent and often-offsetting sensitivities from a nonstationary three-equation model that employs accounting and...
Persistent link: https://www.econbiz.de/10012476371
We investigate how communication within banks affects small business lending. Using travel time between a bank's headquarters and its branches to proxy for the costs of communicating soft information, we exploit shocks to these travel times to evaluate the impact of within bank communication...
Persistent link: https://www.econbiz.de/10012479821
We evaluate the role of insider ownership in shaping banks' equity issuances in response to the global financial crisis. We construct a unique dataset on the ownership structure of U.S. banks and their equity issuances and discover that greater insider ownership leads to less equity issuances....
Persistent link: https://www.econbiz.de/10012481637
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