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Government bailout : Troubled Asset Relief Program (TARP)

Lefebvre, Adelaide D. (contributor) - 2010

Persistent link: https://www.econbiz.de/10003871071

The Domestic and International Effects of Interstate U.S. Banking

Ghironi, Fabio Pietro - 2010

This paper studies the domestic and international effects of the transition to an interstate banking system implemented …. Interstate banking reduces the degree of local monopoly power of financial intermediaries. We show that the an economy that … the U.S. and international business cycle after the U.S. began its transition to interstate banking …

Persistent link: https://www.econbiz.de/10013135057

The Valuation Effects of Geographic Diversification : Evidence from U.S. Banks

Goetz, Martin Richard - 2011

This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United States on their market valuations. Using two novel identification strategies based on the dynamic process of interstate bank deregulation, we find that exogenous increases in...

Persistent link: https://www.econbiz.de/10013117404

Why Did U.S. Banks Invest in Highly-Rated Securitization Tranches?

Erel, Isil - 2011

We estimate holdings of highly-rated tranches of mortgage securitizations of American deposit-taking banks ahead of the credit crisis and evaluate hypotheses that have been advanced to explain these holdings. We find that holdings of highly-rated tranches were economically trivial for the...

Persistent link: https://www.econbiz.de/10013121733

Executive Pay and Performance : Evidence from the U.S. Banking Industry

Hubbard, R. Glenn - 2011

This paper examines an effect of deregulating the market for corporate control on CEO compensation in the banking … industry. Given that each state's banking regulation defines the competitiveness of its corporate control market, we examine … the effect of a state's interstate banking regulation on the level and structure of bank CEO compensation. Using panel …

Persistent link: https://www.econbiz.de/10013125319

Banks, Free Banks, and U.S. Economic Growth

Jaremski, Matthew - 2012

The "Federalist financial revolution" may have jump-started the U.S. economy into modern growth, but the Free Banking … System (1837-1862) did not play a direct role in sustaining it. Despite lowering entry barriers and extending banking into …

Persistent link: https://www.econbiz.de/10013107211

National Banking's Role in U.S. Industrialization, 1850-1900

Jaremski, Matthew - 2013

The passage of the National Banking Acts stabilized the existing financial system and encouraged the entry of 729 banks …

Persistent link: https://www.econbiz.de/10013087050

The Development of Opacity in U.S. Banking

Gorton, Gary B. - 2013

An examination of U.S. banking history shows that economically efficient private bank money requires that information …

Persistent link: https://www.econbiz.de/10013074293

Size Anomalies in U.S. Bank Stock Returns : A Fiscal Explanation

Gandhi, Priyank - 2015

The largest commercial bank stocks, ranked by total size of the balance sheet, have significantly lower risk-adjusted returns than small- and medium-sized bank stocks, even though large banks are significantly more levered. We uncover a size factor in the component of bank returns that is...

Persistent link: https://www.econbiz.de/10013038431

Land and Credit : A Study of the Political Economy of Banking in the United States in the Early 20th Century

Rajan, Raghuram G. - 2010

We thank Lakshmi Aiyar, Shawn Cole, Stijn Claessens, Oded Galor, Adair Morse, Mark Rosenzweig, Jeremy Stein, as well as participants in seminars at the IMF, the NBER Political Economy, Corporate Finance, and Growth Workshops, M.I.T., Northwestern University, the University of Chicago, the WFA...

Persistent link: https://www.econbiz.de/10013152442