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Japanese banking crisis. By leveraging a unique dataset merging firm-level financial statements and bank balance sheets, the …
Persistent link: https://www.econbiz.de/10014334373
regulation. Therefore, countries are better off by harmonising regulation on an international standard. -- bank regulation …
Persistent link: https://www.econbiz.de/10009621758
unprecedented government bailout of the central bank, and resulted in loss of shareholder control over the central bank. …Because of secrecy, little is known about the political economy of central bank lending. Utilizing a novel, hand …
Persistent link: https://www.econbiz.de/10013494187
implementations of the funds concentration effect and the corresponding discriminatory bailout scheme: “random bailout“ and “bailout …
Persistent link: https://www.econbiz.de/10011400865
We examine financial intermediation when banks can offer deposit or loan contracts contingent on macroeconomic shocks. We show that the risk allocation is efficient if there is no workout of banking crises. In this case, banks will shift part of the risk to depositors. In contrast, under a...
Persistent link: https://www.econbiz.de/10011409445
Persistent link: https://www.econbiz.de/10003662818
Limited liability and asymmetric information between an investment bank and its lenders provide an incentive for a bank …
Persistent link: https://www.econbiz.de/10011400902
intervention have stronger effects beyond borders. We provide a model of international contagion allowing for bank bailouts. While … welfare. -- bailout ; contagion ; financial crisis ; international institutional arrangements …
Persistent link: https://www.econbiz.de/10009011172
incentives to implement such a trigger? We construct a theoretical model of a bank that is financed with debt and equity, and a … bank manager monitoring the bank’s loan portfolio. The manager must be incentivized to warn the board before a crisis …
Persistent link: https://www.econbiz.de/10010467356
., 2017), we analyze the linkage between banking crises and the business cycle in Italy over the last two centuries. The vast … literature on banking crises in Italy is dominated by the narrative approach. In this work we aim to advance the argument one …
Persistent link: https://www.econbiz.de/10011819402