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Avdjiev, Stefan - 2017

The promise of contingent convertible capital securities (CoCos) as a 'bail-in' solution has been the subject of considerable theoretical analysis and debate, but little is known about their effects in practice. In this paper, we undertake the first comprehensive empirical analysis of bank CoCo...

Persistent link: https://www.econbiz.de/10012942917

Bank Capital and Dividend Externalities

Acharya, Viral V. - 2016

in the banking sector, dividend payouts can shift the relative value of stakeholders' claims across firms. Through this … dividends and inefficient recapitalization relative to the efficient policy that maximizes banking sector equity. We compare the …

Persistent link: https://www.econbiz.de/10012983304

The Determinants of Long-Term Debt Issuance by European Banks : Evidence of Two Crises

Rixtel, Adrian Van - 2015

set of hypotheses from both the corporate finance and banking literature on the drivers of bond issuance. We use both …

Persistent link: https://www.econbiz.de/10013014489

The US dollar shortage in global banking and the international policy response

McGuire, Patrick M.; Peter, Goetz von - Bank for International Settlements / Monetary and … - 2009

policy response. Using the BIS international banking statistics, we reconstruct the worldwide consolidated balance sheets of … the major national banking systems. This allows us to investigate the structure of banks' global operations across their … misleading guide to where the vulnerabilities faced by that country's national banking system (or residents) lie. It then focuses …

Persistent link: https://www.econbiz.de/10009138467

Bad Bank Resolutions and Bank Lending

Brei, Michael - 2020

novel data set covering 135 banks from 15 European banking systems over the period 2000-16. The main finding is that bad …

Persistent link: https://www.econbiz.de/10012841855

Macroeconomic Implications of Financial Imperfections : A Survey

Claessens, Stijn - 2017

This paper surveys the theoretical and empirical literature on the macroeconomic implications of financial imperfections. It focuses on two major channels through which financial imperfections can affect macroeconomic outcomes. The first channel, which operates through the demand side of finance...

Persistent link: https://www.econbiz.de/10012942918

Asset Prices and Macroeconomic Outcomes : A Survey

Claessens, Stijn - 2017

This paper surveys the literature on the linkages between asset prices and macroeconomic outcomes. It focuses on three major questions. First, what are the basic theoretical linkages between asset prices and macroeconomic outcomes? Second, what is the empirical evidence supporting these...

Persistent link: https://www.econbiz.de/10012942935

The Countercyclical Capital Buffer and the Composition of Bank Lending

Auer, Raphael - 2016

Do macroprudential regulations on residential lending influence commercial lending behavior too? To answer this question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential mortgages on which extra capital requirements were...

Persistent link: https://www.econbiz.de/10012977947

The 2011 FDIC Assessment on Banks Managed Liabilities : Interest Rate and Balance-Sheet Responses

Kreicher, Lawrence - 2014

The global financial crisis led to discussion of corrective bank taxes to promote financial stability. This paper interprets the widening of the FDIC assessment base from deposits to assets less equity for US-chartered banks in April 2011 as such a corrective or Pigovian tax. In terms of yields,...

Persistent link: https://www.econbiz.de/10013063665

The Great Financial Crisis : Setting Priorities for New Statistics

Borio, Claudio E. V. - 2014

Every financial crisis brings in its wake demands for more information; the latest one is no exception. Because, in deceptively tranquil times, it is well-nigh impossible to foster the consensus necessary to improve data availability, such a window of opportunity must not be missed. To be sure,...

Persistent link: https://www.econbiz.de/10013064189

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