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The Flight from Maturity
Gorton, Gary B. - 2014
Why did the failure of Lehman Brothers make the financial crisis dramatically worse? The financial crisis was a process of a build-up of risk during the crisis prior to the Lehman failure. Market participants tried to preserve an option or exit by shortening maturities - the "flight from...
Persistent link: https://www.econbiz.de/10013055515
Cover Image
The Flight from Maturity
Gorton, Gary B. - 2014
Why did the failure of Lehman Brothers make the financial crisis dramatically worse? The financial crisis was a process of a build-up of risk during the crisis prior to the Lehman failure. Market participants tried to preserve an option or exit by shortening maturities - the "flight from...
Persistent link: https://www.econbiz.de/10012458637
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Bank Health Post-Crisis
Chousakos, Kyriakos - 2017
. In a financial crisis bank health is significantly damaged. Post-crisis regulatory changes have aimed at restoring bank … health, but measuring bank health by Tobin's Q, we find that the ill health of banks in the recent U.S. financial crisis and … by the state of the macro-economy. The results seem to suggest that bank regulatory changes may be repressive …
Persistent link: https://www.econbiz.de/10012963154
Cover Image
Bank Health Post-Crisis
Chousakos, Kyriakos T. - 2017
. In a financial crisis bank health is significantly damaged. Post-crisis regulatory changes have aimed at restoring bank … health, but measuring bank health by Tobin's Q, we find that the ill health of banks in the recent U.S. financial crisis and … by the state of the macro-economy. The results seem to suggest that bank regulatory changes may be repressive …
Persistent link: https://www.econbiz.de/10012455514