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U.S. banking crisis of the 20th century. Our systemic risk measure captures both the credit risk of an individual bank … as well as a bank's position in the network. We construct linkages between all U.S. commercial banks in 1929 and 1934 so … banking crisis that occurred between 1930-33 raised systemic risk per bank by 33% and increased the riskiness of the very …
Persistent link: https://www.econbiz.de/10011952053
investigate whether the appointment of well-connected directors enhanced equity value for bank shareholders. Our analysis of panel … data shows that the appointment of connected directors did not increase the rate of return on bank equity. In fact, we find … that the appointment of MPs to directorships had negative effects on bank equity returns. Our event-study analysis …
Persistent link: https://www.econbiz.de/10010465141
banks are admired by those whoadvocate bank deregulation in the United States. Others admire the universalbanks for their …
Persistent link: https://www.econbiz.de/10011400344
Financial crises have been a common feature of the economic landscape for more than two centuries. The chapter defines banking crises, considers the type of costs that they impose, and outlines the most common causes of banking crises during the past 200 years. The remainder of the chapter...
Persistent link: https://www.econbiz.de/10011475039
inflation on the equilibrium deposit and the bank's portfolio. …
Persistent link: https://www.econbiz.de/10011747458
This is the second of two papers that generate and analyze quantitative estimates of the development of English caselaw and associated legal ideas before the Industrial Revolution. In the first paper, we estimated a 100-topic structural topic model, named the topics, and showed how to interpret...
Persistent link: https://www.econbiz.de/10012388206
the public, long-term systemic risk among banks tends to increase. From the dynamic perspective, bank penalties represent … long-term. In this respect, bank penalties resemble still waters that run deep. In contrast, a settlement with regulatory …
Persistent link: https://www.econbiz.de/10012697108
rate of growth of capital asset or income whether source of borrowing is bank or money lender. This is then formalized in a …
Persistent link: https://www.econbiz.de/10011952114
survival of top executives (Presidents, CEOs and General Managers) to bank performance and the manager's local connections …, controlling for (observable and unobservable) bank and manager characteristics by exploiting longitudinal information on bank …-manager appointments. We measure the extent? of managers' local connections by the distance between the province of the bank's headquarters …
Persistent link: https://www.econbiz.de/10003772161
motivators that derive their value from such social concerns. Panel data from the call center of a large international bank allow …
Persistent link: https://www.econbiz.de/10003850510