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Bank Concentration and Crises
Demirguc-Kunt, Asli; Levine, Ross; Beck, Thorsten - National Bureau of Economic Research (NBER) - 2003
relationship between the market structure of the banking industry and bank fragility, this paper studies the impact of bank … concentration, bank regulations, and national institutions on the likelihood of suffering a systemic banking crisis. Using data on … 70 countries from 1980 to 1997, we find that crises are less likely in economies with (i) more concentrated banking …
Persistent link: https://www.econbiz.de/10005828828
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Investor Protection: Origins, Consequences, and Reform
La Porta, Rafael; Lopez-de-Silanes, Florencio; … - National Bureau of Economic Research (NBER) - 1999
Recent research has documented large differences between countries in ownership concentration in publicly traded firms …, in the breadth and depth of capital markets, in dividend policies, and in the access of firms to external finance. We …
Persistent link: https://www.econbiz.de/10005829017
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Winners and Losers from Enacting the Financial Modernization Statute
Kane, Edward J.; Carow, Kenneth A.; Narayanan, Rajesh P. - National Bureau of Economic Research (NBER) - 2005
capital-constrained firms. …
Persistent link: https://www.econbiz.de/10005829382
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The Effect of Credit Market Competition on Lending Relationships
Petersen, Mitchell; Rajan, Raghuram G. - National Bureau of Economic Research (NBER) - 1994
This paper provides a simple model showing that the extent of competition in credit markets is important in determining the value of lending relationships. Creditors are more likely to finance credit constrained firms when credit markets are concentrated because it is easier for these creditors...
Persistent link: https://www.econbiz.de/10005829795
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Bankers on Boards: Monitoring, Conflicts of Interest, and Lender Liability
Kroszner, Randall S.; Strahan, Philip E. - National Bureau of Economic Research (NBER) - 1999
This paper investigates what factors determine whether a commercial banker is on the board of a non-financial firm. We consider the tradeoff between the benefits of direct bank monitoring to the firm and the costs of active bank involvement in firm management. Given the different payoff...
Persistent link: https://www.econbiz.de/10005829808
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Sorting Out Japan's Financial Crisis
Kashyap, Anil - National Bureau of Economic Research (NBER) - 2002
This paper makes three contributions. First, I report information on the size of the Japanese financial crisis. Drawing principally on work by Fukao (2003) and Doi and Hoshi (2003) I estimate that the current taxpayer liability for losses incurred but yet to be recognized is likely to be at...
Persistent link: https://www.econbiz.de/10005830384
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How Country and Safety-Net Characteristics Affect Bank Risk-Shifting
Kane, Edward J.; Laeven, Luc; Hovakimian, Armen - National Bureau of Economic Research (NBER) - 2002
Risk-shifting occurs when creditors or guarantors are exposed to loss without receiving adequate compensation. This paper seeks to measure and compare how well authorities in 56 countries controlled bank risk shifting during the 1990s. Although significant risk shifting occurs on average,...
Persistent link: https://www.econbiz.de/10005830677
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Did U.S. Bank Supervisors Get Tougher During the Credit Crunch? Did They Get Easier During the Banking Boom? Did It Matter to Bank Lending?
Berger, Allen N.; Kyle, Margaret K.; Scalise, Joseph M. - National Bureau of Economic Research (NBER) - 2000
We test three hypotheses regarding changes in supervisory toughness' and their effects on bank lending. The data provide modest support for all three hypotheses that there was an increase in toughness during the credit crunch period (1989-1992), that there was a decline in toughness during the...
Persistent link: https://www.econbiz.de/10005830963
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The Revolving Door and Worker Flows in Banking Regulation
Trebbi, Francesco; Lucca, David; Seru, Amit - National Bureau of Economic Research (NBER) - 2014
This paper traces career transitions of federal and state U.S. banking regulators from a large sample of publicly … into the private sector during booms. These worker flows are also driven by state-specific banking conditions as measured …
Persistent link: https://www.econbiz.de/10011196343
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Regional Redistribution Through the U.S. Mortgage Market
Hurst, Erik; Keys, Benjamin J.; Seru, Amit; Vavra, Joseph S. - National Bureau of Economic Research (NBER) - 2015
An integrated tax and transfer system together with factor mobility can help mitigate local shocks within monetary and fiscal unions. In this paper we explore the role of a new mechanism that may also be central to determining the welfare effects of regional shocks. The degree to which...
Persistent link: https://www.econbiz.de/10011196769