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LIBOR: Origins, economics, crisis, scandal, and reform

Hou, David; Skeie, David - 2014

The London Interbank Offered Rate (LIBOR) is a widely used indicator of funding conditions in the interbank market. As of 2013, LIBOR underpins more than $300 trillion of financial contracts, including swaps and futures, in addition to trillions more in variable-rate mortgage and student loans....

Persistent link: https://www.econbiz.de/10011340948

Federal reserve tools for managing rates and reserves

Martin, Antoine; McAndrews, James; Palida, Ali; Skeie, David - 2013

Monetary policy measures taken by the Federal Reserve as a response to the 2007-09 financial crisis and subsequent economic conditions led to a large increase in the level of outstanding reserves. The Federal Open Market Committee (FOMC) has a range of tools to control short-term market rates in...

Persistent link: https://www.econbiz.de/10010333623

The return to retail and the performance of US banks

Hirtle, Beverly J.; Stiroh, Kevin J. - 2005

The U.S. banking industry is experiencing a renewed focus on retail banking, a trend often attributed to the stability … find that an increased focus on retail banking across U.S. banks is linked to significantly lower equity market and … accounting returns for all banks but lower volatility for only the largest banking companies. We conclude that retail banking may …

Persistent link: https://www.econbiz.de/10010283328

The impact of network size on bank branch performance

Hirtle, Beverly J. - 2005

Despite recent innovations that might have reduced banks' reliance on brick-and-mortar branches for distributing retail financial services, the number of U.S. bank branches has continued to increase steadily over time. Further, an increasing percentage of these branches are held by banks with...

Persistent link: https://www.econbiz.de/10010283383

Valuing the Treasury's Capital Assistance Program

Glasserman, Paul; Wang, Zhenyu - 2009

The Capital Assistance Program (CAP) was created by the U.S. government in February 2009 to provide backup capital to large financial institutions unable to raise sufficient capital from private investors. Under the terms of the CAP, a participating bank receives contingent capital by issuing...

Persistent link: https://www.econbiz.de/10010287104

Design of contingent capital with a stock price trigger for mandatory conversion

Sundaresan, Suresh; Wang, Zhenyu - 2010

The proposal for banks to issue contingent capital that must convert into common equity when the banks' stock price falls below a specified threshold, or 'trigger,' does not in general lead to a unique equilibrium in equity and contingent capital prices. Multiple or no equilibrium arises because...

Persistent link: https://www.econbiz.de/10010287174

The Impact of Bank Size on Market Power

Bikker, Jacob A.; Spierdijk, Laura; Finnie, Paul - de Nederlandsche Bank - 2006

Over the past few decades, the worldwide banking industry has undergone strong consolidation. As a result, the number …

Persistent link: https://www.econbiz.de/10005021844

Measuring e-statement quality impact on customer satisfaction and loyalty

Bekhet, Hussain Ali; Al-alak, Basheer Abbas - In: International Journal of Electronic Finance 5 (2011) 4, pp. 299-315

of the true e-statement quality domains by bank management will enable the banking industry to design customer …

Persistent link: https://www.econbiz.de/10009352626

Follow the money: what does the literature on banking tell prudential supervisors on bank business models?

Cavelaars, Paul; Passenier, Joost - de Nederlandsche Bank - 2012

view - is that it is essential to understand where the profit comes from and what risks the bank or the banking sector is …

Persistent link: https://www.econbiz.de/10009493320

Corporate governance of banks: A survey

Haan, Jakob de; Vlahu, Razvan - de Nederlandsche Bank - 2013

This paper reviews the empirical literature on the corporate governance of banks. We start by highlighting the main differences between banks and non-financial firms and focus on three characteristics which make banks special: (i) regulation, (ii) the capital structure of banks, and (iii) the...

Persistent link: https://www.econbiz.de/10010757289