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Discussions of financial risk often fail to distinguish between risks that are consciously borne and those that are not. To understand the breeding conditions for financial crises the prime focus of concern should not be simply on large risk-taking per se, but on the unintended, or unanticipated...
Persistent link: https://www.econbiz.de/10012786498
. 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
competition reduces bank opacity, enhancing the ability of markets and regulators to monitor banks …
Persistent link: https://www.econbiz.de/10013039766
banks suggests that neither bank size nor government ownership fully explains adoption patterns. Organizational culture …
Persistent link: https://www.econbiz.de/10012889500
established through bank-to-bank lending and provide evidence to support this claim. To analyze dynamics of formation of such …
Persistent link: https://www.econbiz.de/10013225015
We measure how securitized assets, including mortgage-backed securities and other asset-backed securities, have shifted across financial institutions over this crisis and how the availability of financing has accommodated such shifts. Sectors dependent on repo financing - in particular, the...
Persistent link: https://www.econbiz.de/10013144301
-rated tranches were economically trivial for the typical bank, but banks with greater holdings performed more poorly during the …-rated tranches are not higher for banks with large trading books in regressions that control for bank size. The ratio of highly …-rated tranches holdings to assets increases with bank assets, but not for banks with more than $50 billion of assets. This evidence …
Persistent link: https://www.econbiz.de/10013121733
We investigate whether a bank's performance during the 1998 crisis, which was viewed at the time as the most dramatic … crisis since the Great Depression, predicts its performance during the recent financial crisis. One hypothesis is that a bank …. Another hypothesis is that a bank's poor experience in a crisis is tied to aspects of its business model that are persistent …
Persistent link: https://www.econbiz.de/10013125176
The "Federalist financial revolution" may have jump-started the U.S. economy into modern growth, but the Free Banking System (1837-1862) did not play a direct role in sustaining it. Despite lowering entry barriers and extending banking into developing regions, we find in county-level data that...
Persistent link: https://www.econbiz.de/10013107211
, real world exports plunged 17 percent while GDP fell 5 percent. This paper examines whether deteriorations in bank health … 1990 through 2010, which enables us to match exporters with the main bank that provides them with trade finance. Our point …
Persistent link: https://www.econbiz.de/10013149988