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Do bank insiders impede equity issuances?
Goetz, Martin; Laeven, Luc; Levine, Ross - 2021
We evaluate the role of insider ownership in shaping banks' equity issuances in response to the global financial crisis. We construct a unique dataset on the ownership structure of U.S. banks and their equity issuances and discover that greater insider ownership leads to less equity issuances....
Persistent link: https://www.econbiz.de/10012422173
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A Dynamic Model of Bank Behaviour under Multiple Regulatory Constraints
Behn, Markus - 2019
We develop a dynamic structural model of bank behaviour that provides a microeconomic foundation for bank capital and liquidity structures and analyses the effects of changes in regulatory capital and liquidity requirements as well as their interaction. Our findings suggest that adjustments in...
Persistent link: https://www.econbiz.de/10012893728
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How does competition affect efficiency and soundness in banking? New empirical evidence
Schaeck, Klaus; Čihák, Martin - 2008
tests to establish the link between competition and measures of profit efficiency in banking, and find that competition …
Persistent link: https://www.econbiz.de/10011604978
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The dark side of bank wholesale funding
Huang, Rocco; Ratnovski, Lev - 2010
Banks increasingly use short-term wholesale funds to supplement traditional retail deposits. Existing literature mainly points to the "bright side" of wholesale funding: sophisticated financiers can monitor banks, disciplining bad but refinancing good ones. This paper models a "dark side" of...
Persistent link: https://www.econbiz.de/10011605269
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Fragility in money marketfunds: sponsor support and regulation
Parlatore, Cecilia - 2015
I develop a model of money market funds (MMFs) to study the ability of sponsor support to provide stability to the industry. I find that strategic complementarities in the sponsors’ support decisions can make MMFs vulnerable to runs different from the canonical bank-runs: it may lead to runs...
Persistent link: https://www.econbiz.de/10011605817
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Measuring the procyclicality of impairment accounting regimes: A comparison between IFRS 9 and US GAAP
Buesa, Alejandro; Población García, Javier; … - 2019
regimes. Our results suggest that although IFRS 9 is less procyclical than the previous regulation (IAS 39), it is more …
Persistent link: https://www.econbiz.de/10012389550
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When the Cat's Away the Mice will Play : Does Regulation at Home Affect Bank Risk Taking Abroad?
Ongena, Steven - 2012
This paper provides the first empirical evidence that bank regulation is associated with cross-border spillover effects … of host-country regulation …
Persistent link: https://www.econbiz.de/10013099025
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Fragility in Money Market Funds : Sponsor Support and Regulation
Parlatore, Cecilia - 2015
I develop a model of money market funds (MMFs) to study the ability of sponsor support to provide stability to the industry. I find that strategic complementarities in the sponsors' support decisions can make MMFs vulnerable to runs different from the canonical bank-runs: it may lead to runs of...
Persistent link: https://www.econbiz.de/10013025469
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The Limits of Model-based Regulation
Behn, Markus - 2016
In this paper, we investigate how the introduction of sophisticated, model-based capital regulation affected the … measurement of credit risk by financial institutions. Model-based regulation was meant to enhance the stability of the financial … challenges that accompanies complex regulation are too high simpler rules may increase the efficacy of financial regulation …
Persistent link: https://www.econbiz.de/10012987539
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Rethinking Capital Regulation : The Case for a Dividend Prudential Target
Muñoz, Manuel - 2020
existing capital regulation by tackling this issue. Welfare-maximizing DPTs are effective (more than the CCyB) in smoothing the … to a Basel III-type of capital regulation through various channels …
Persistent link: https://www.econbiz.de/10012829529