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This paper reviews the market reaction to bank rescue packages announced in six countries between October 2008 and … shareholders as seen in the movement of bank stock prices. Government interventions benefited creditors at the expense of … shareholders, with bank CDS spreads narrowing around the announcements in all cases. Despite a brief positive reaction, bank stock …
Persistent link: https://www.econbiz.de/10013155928
A number of countries' authorities put in place bank rescue packages using public funds in response to the global …
Persistent link: https://www.econbiz.de/10013065735
This paper investigates the effects of macroprudential policies on bank risk through a large panel of banks operating … macroprudential tools have a significant impact on bank risk. Second, the responses to changes in macroprudential tools differ among … for bank-specific characteristics, macroprudential policies are more effective in a tightening than in an easing episode …
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We study how relationship lending and transaction lending vary over the business cycle. We develop a model in which relationship banks gather information on their borrowers, which allows them to provide loans for profitable firms during a crisis. Due to the services they provide, operating costs...
Persistent link: https://www.econbiz.de/10013062240
Banking crises are rare events that break out in the midst of credit intensive booms and bring about particularly deep and long-lasting recessions. This paper attempts to explain these phenomena within a textbook DSGE model that features a non-trivial banking sector. In the model, banks are...
Persistent link: https://www.econbiz.de/10012998760
. Specifically, it takes stock of the salient new features of bank and CCP international standards within a unified analytical …
Persistent link: https://www.econbiz.de/10012835929
We classify a large sample of banks according to the geographic diversification of their international syndicated loan portfolio. Our results show that diversified banks maintain higher loan supply during banking crises in borrower countries. The positive loan supply effects lead to higher...
Persistent link: https://www.econbiz.de/10012857888