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The Transmission of Shocks in Endogenous Financial Networks : A Structural Approach

Heipertz, Jonas - 2019

The paper uses bank- and instrument-level data on asset holdings and liabilities to identify and estimate a general … equilibrium model of trade in financial instruments. Bilateral ties are formed as each bank selects the size and the … lead to less amplification of partial equilibrium shocks, (ii) the influence of a bank's equity is independent of the size …

Persistent link: https://www.econbiz.de/10012479997

Banking and Insurance

Haubrich, Joseph G. - 1984

. However, a financial institution -- perhaps best viewed as a savings bank -- can provide partial insurance by generating a … the bank faces a tradeoff between provision of insurance and maintenance of private incentives …

Persistent link: https://www.econbiz.de/10012477783

Risk Management in Financial Institutions

Rampini, Adriano A. - 2019

We study risk management in financial institutions using data on hedging of interest rate and foreign exchange risk. We find strong evidence that institutions with higher net worth hedge more, controlling for risk exposures, both across institutions and within institutions over time. For...

Persistent link: https://www.econbiz.de/10012479649

Liquidity Transformation and Fragility in the US Banking Sector

Chen, Qi - 2020

fragility manifests itself in stronger sensitivity of deposit flows to bank performance. A deterioration in the aggregate … conditions in the banking system makes the fragility within each bank stronger. We run multiple tests to show that depositors …

Persistent link: https://www.econbiz.de/10012481118

Yesterday's Heroes : Compensation and Creative Risk-Taking

Cheng, Ing-Haw - 2010

We study the relationship between compensation and risk-taking among finance firms using a neglected insight from principal-agent contracting with hidden action and risk-averse agents. If the sensitivity of pay to stock price or slope does not vary with stock price volatility, then total...

Persistent link: https://www.econbiz.de/10012462481

Financial Development and City Growth : Evidence from Northeastern American Cities, 1790-1870

Bodenhorn, Howard - 2010

urban growth. Our estimates suggest that the presence of a bank at a given location in the late 1830s is associated with …

Persistent link: https://www.econbiz.de/10012462656

Balance Sheet Adjustments in the 2008 Crisis

He, Zhiguo - 2010

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/10012462732

Land and Credit : A Study of the Political Economy of Banking in the United States in the Early 20th Century

Rajan, Raghuram G. - 2009

Economists have argued that a high concentration of land holdings in a country can create powerful interest groups that retard the creation of economic institutions, and thus hold back economic development. Could these arguments apply beyond underdeveloped countries with backward political...

Persistent link: https://www.econbiz.de/10012463566

Complexity and Financial Panics

Caballero, Ricardo J. - 2009

During extreme financial crises, all of a sudden, the financial world that was once rife with profit opportunities for financial institutions (banks, for short) becomes exceedingly complex. Confusion and uncertainty follow, ravaging financial markets and triggering massive flight-to-quality...

Persistent link: https://www.econbiz.de/10012463652

Banks and Markets : The Changing Character of European Finance

Zingales, Luigi - 2003

In the last two decades the European financial markets have become more market oriented. We analyze the economic and political forces that have triggered these changes as well as their likely welfare implications. We also try to assess whether this trend will continue. Based on our analysis, we...

Persistent link: https://www.econbiz.de/10012469104