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Financial Protectionism : The First Tests
Rose, Andrew Kenan - 2011
We provide the first empirical tests for financial protectionism, defined as a nationalistic change in banks' lending behaviour, as the result of public intervention, which leads domestic banks either to lend less or at higher interest rates to foreigners. We use a bank-level panel data set...
Persistent link: https://www.econbiz.de/10013124846
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Large Banks and Small Firm Lending
Bord, Vitaly - 2018
.S.. However, healthy banks expanded their operations and entered new banking markets. The market share gain of these banks was a …
Persistent link: https://www.econbiz.de/10012909114
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Does Macro-Pru Leak? Evidence from a UK Policy Experiment
Aiyar, Shekhar S. - 2012
The regulation of bank capital as a means of smoothing the credit cycle is a central element of forthcoming macro-prudential regimes internationally. For such regulation to be effective in controlling the aggregate supply of credit it must be the case that: (i) changes in capital requirements...
Persistent link: https://www.econbiz.de/10013110889
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Dividends and Bank Capital in the Financial Crisis of 2007-2009
Acharya, Viral V. - 2011
equity. The dwindling pool of common equity in the banking system may have been one reason for the continued reluctance by …
Persistent link: https://www.econbiz.de/10013128263
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Trust in Public Institutions Over the Business Cycle
Stevenson, Betsey - 2011
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
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Were the Nigerian Banking Reforms of 2005 a Success ... And for the Poor?
Cook, Lisa D. - 2011
The Nigerian banking system was in crisis for much of the 1990's and early 2000's. The reforms of 2005 were ambitious …
Persistent link: https://www.econbiz.de/10013128269
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Informational Rents, Macroeconomic Rents, and Efficient Bailouts
Philippon, Thomas - 2011
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
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Implications of Corporate Capital Structure Theory for Banking Institutions
Orgler, Yair - 2011
in banking. The effects of corporate and personal taxes, government regulation, the technology of producing deposit … services and the costs of bankruptcy and agency problems are all discussed in the context of the U.S. commercial banking system …
Persistent link: https://www.econbiz.de/10013133321
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The Domestic and International Effects of Interstate U.S. Banking
Ghironi, Fabio Pietro - 2010
This paper studies the domestic and international effects of the transition to an interstate banking system implemented …. Interstate banking reduces the degree of local monopoly power of financial intermediaries. We show that the an economy that … the U.S. and international business cycle after the U.S. began its transition to interstate banking …
Persistent link: https://www.econbiz.de/10013135057
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The Valuation Effects of Geographic Diversification : Evidence from U.S. Banks
Goetz, Martin Richard - 2011
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 deregulation, we find that exogenous increases in...
Persistent link: https://www.econbiz.de/10013117404