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Bank Capital Regulation with an Opportunistic Rating Agency

Efing, Matthias - 2013

This paper models the strategic interaction between a rating agency, a bank and a bank regulator who lacks information … rating-independent capital requirements. Truthful ratings provide efficiency gains because they allow the regulator to … rating agency and the bank corrupts rating quality, rating-independent regulation enhances welfare. The welfare benefits are …

Persistent link: https://www.econbiz.de/10013080503

Bank Capital Regulation with an Opportunistic Rating Agency

Efing, Matthias - CESifo - 2013

Persistent link: https://www.econbiz.de/10010667420

Pooling, Tranching and Credit Expansion

Bougheas, Spiros - CESifo - 2012

Traditionally banks have used securitization for expanding credit and thus their profitability. It has been well documented that, at least before the 2008 crisis, many banks were keeping a high proportion of the securities that they created on their own balance-sheets. Those securities retained...

Persistent link: https://www.econbiz.de/10010555214

Pooling, Tranching and Credit Expansion

Bougheas, Spiros P. - 2013

Persistent link: https://www.econbiz.de/10013090691

Growth and Earnings Persistence in Banking Firms: A Dynamic Panel Investigation

Shehzad, Choudhry Tanveer; Haan, Jakob de; Scholtens, Bert - CESifo - 2009

This paper investigates (i) whether growth and profitability persist in banking firms, (ii) whether the level and volatility of growth and profitability are bank-size dependent, and (iii) the relationship between growth and profitability of a bank. Using a dynamic panel model estimated by GMM...

Persistent link: https://www.econbiz.de/10008572506

Finance, Control, and Profitability: The Influence of German Banks

Chirinko, Robert S.; Elston, Julie Ann - CESifo - 2003

Bank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms. Germany is the prototypical economy where universal banks allegedly exert substantial influence over firms. Despite frequent assertions about the considerable power of German...

Persistent link: https://www.econbiz.de/10005094259

Subprime Crisis and Board (In-)Competence: Private vs. Public Banks in Germany

Hau, Harald; Thum, Marcel - CESifo - 2009

We examine evidence for a systematic underperformance of Germany’s state-owned banks in the current financial crisis and study if the bank losses can be traced to the quality of bank governance. For this purpose, we examine the biographical background of 593 supervisory board members in the 29...

Persistent link: https://www.econbiz.de/10005051557

Subprime Crisis and Board (In-)Competence : Private vs. Public Banks in Germany

Hau, Harald - 2013

We examine evidence for a systematic underperformance of Germany's state-owned banks in the current financial crisis and study if the bank losses can be traced to the quality of bank governance. For this purpose, we examine the biographical background of 593 supervisory board members in the 29...

Persistent link: https://www.econbiz.de/10012753172

Growth and Earnings Persistence in Banking Firms : A Dynamic Panel Investigation

de Haan, Jakob - 2013

We examine the classical Gibrat's law or Law of Proportionate Effects (LPE) using Blundel and Bond (1998)'s two-step Generalized Method of Moments dynamic panel model for a mixed sample of more than 1500 banks in 29 OECD and 36 non-OECD countries. Our analysis show that size distribution of...

Persistent link: https://www.econbiz.de/10012753202

What If Firms Could Borrow More? Evidence from a Natural Experiment

Brown, James R. - 2015

We study the effects of a unique lending program initiated by the Swedish government at the height of the financial crisis that allowed firms to suspend payment of all labor-related taxes and fees. Comprehensive administrative data on all Swedish firms show that firms borrowing from the program...

Persistent link: https://www.econbiz.de/10013018206