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-funded capital injections. However, on closer inspection the composition of bank capital shifted radically from one based on common …
Persistent link: https://www.econbiz.de/10013128263
We document that trust in public institutions--and particularly trust in banks, business and government--has declined over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in institutions. Cross-country comparisons reveal a clear legacy...
Persistent link: https://www.econbiz.de/10013128268
data through 2008 to investigate whether bank consolidation and other measures achieved their stated goals and whether they …
Persistent link: https://www.econbiz.de/10013128269
We analyze government interventions to alleviate debt overhang among banks. Interventions generate two types of rents. Informational rents arise from opportunistic participation based on private information while macroeconomic rents arise from free riding. Minimizing informational rents is a...
Persistent link: https://www.econbiz.de/10013130980
, why commercial bank leverage has tended to increase over time and why large banks tend to have relatively less capital …
Persistent link: https://www.econbiz.de/10013133321
labor supply in response to productivity shocks. Bank market integration thus contributes to a moderation of firm-level and …
Persistent link: https://www.econbiz.de/10013135057
This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United … States on their market valuations. Using two novel identification strategies based on the dynamic process of interstate bank …
Persistent link: https://www.econbiz.de/10013117404
-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
how they are resolved. Our analysis sheds new light on the conflict between micro-prudential bank regulation and …
Persistent link: https://www.econbiz.de/10013124233
representatives on corporate boards. If a banking relationship is a substitute for the stock market, then interaction with a bank … monopolistic control over access to external capital markets, then bank interests may conflict with those of other equityholders … structure of the firms' equity. We test for conflicts-of-interest in bank behavior and ask whether the relationship between …
Persistent link: https://www.econbiz.de/10013124511