Showing 1 - 10 of 431
earlier dataset by including recent adopters of deposit insurance and information on the use of government guarantees on banks … generosity of the deposit insurance scheme and government guarantees on banks' balance sheets. The data show that deposit …
Persistent link: https://www.econbiz.de/10010969341
We study how a mortgage reform that exogenously increased access to credit had an impact on entrepreneurship, using individual-level micro data from Denmark. The reform allows us to disentangle the role of credit access from wealth effects that typically confound analyses of the collateral...
Persistent link: https://www.econbiz.de/10010969457
I consider four policies created to address the financial crisis: (1) the ability-to-repay requirement in mortgage underwriting; (2) reform of rating agency compensation, (3) risk retention in securitization, and (4) mandatory loan renegotiation. I show that according to standard models,...
Persistent link: https://www.econbiz.de/10010950717
1933 and its aftermath. Using a new database on Michigan banks, we employ probit and survival duration analysis to examine … that the loan program had no statistically significant effect on the failure rates of banks during the crisis; point … parallel analysis of the effects of RFC preferred stock assistance on the loan supply of surviving banks. We find that RFC …
Persistent link: https://www.econbiz.de/10010950800
how capital regulation, liquidity regulation, deposit insurance, loan to value limits, and dividend taxes interact to …
Persistent link: https://www.econbiz.de/10010950858
was to ensure that liquidity provisions could be disseminated efficiently even when the unsecured interbank markets were … banks that pledged asset-backed securities as collateral for these loans. The data and analysis illustrate the major role … that foreign - in particular, European - banks currently play in the U.S. financial system and the resultant currency …
Persistent link: https://www.econbiz.de/10010950874
government bond returns, a position that generated "carry" until the deteriorating GIPSI bond returns inflicted losses on banks …. The positive GIPSI loadings correlate with banks' holdings of GIPSI bonds; and, the negative German loading with banks …' short-term debt exposures. Consistent with moral hazard in the form of risk-taking by large, under-capitalized banks to …
Persistent link: https://www.econbiz.de/10010950931
We analyze the effectiveness of consumer financial regulation by considering the 2009 Credit Card Accountability Responsibility and Disclosure (CARD) Act in the United States. Using a difference-in- differences research design and a unique panel data set covering over 160 million credit card...
Persistent link: https://www.econbiz.de/10010951059
The announcement of Timothy Geithner as nominee for Treasury Secretary in November 2008 produced a cumulative abnormal return for financial firms with which he had a connection. This return was about 6% after the first full day of trading and about 12% after ten trading days. There were...
Persistent link: https://www.econbiz.de/10010951075
The intersection of research and policy on consumer credit often has a Goldilocks feel. Some researchers and policymakers posit that consumer credit markets produce too much credit. Other researchers and policymakers posit that markets produce too little credit. I review theories and evidence on...
Persistent link: https://www.econbiz.de/10010951083