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Transparency, Risk Management and International Financial Fragility

Draghi, Mario - 2003

Discussions of financial risk often fail to distinguish between risks that are consciously borne and those that are not. To understand the breeding conditions for financial crises the prime focus of concern should not be simply on large risk-taking per se, but on the unintended, or unanticipated...

Persistent link: https://www.econbiz.de/10012468892

Financial Consolidation : Dangers and Opportunities

Mishkin, Frederic S. - 1999

This paper argues that although financial consolidation creates some dangers because it is leading to larger institutions who might expose the U.S. financial system to increased systemic risk, these dangers can be handled by vigilant supervision and a government safety net with an appropriate...

Persistent link: https://www.econbiz.de/10012471734

Let the Worst One Fail : A Credible Solution to the Too-Big-To-Fail Conundrum

Philippon, Thomas; Wang, Olivier - National Bureau of Economic Research - 2021

commit not to inject capital into the banking system. Contrary to common wisdom, we show that the government may still avoid …

Persistent link: https://www.econbiz.de/10012794588

Capital Requirements in a Quantitative Model of Banking Industry Dynamics

Corbae, Dean - 2019

We develop a model of banking industry dynamics to study the quantitative impact of capital requirements on equilibrium … banking industry which, along with selection effects, can generate changes in allocative efficiency …

Persistent link: https://www.econbiz.de/10012479380

Bank Governance, Regulation, and Risk Taking

Laeven, Luc - 2008

This paper conducts the first empirical assessment of theories concerning relationships among risk taking by banks, their ownership structures, and national bank regulations. We focus on conflicts between bank managers and owners over risk, and show that bank risk taking varies positively with...

Persistent link: https://www.econbiz.de/10012464532

Banking System Control, Capital Allocation, and Economy Performance

Morck, Randall - 2009

We observe less efficient capital allocation in countries whose banking systems are more thoroughly controlled by … tycoons or families. The magnitude of this effect is similar to that of state control over banking. Unlike state control …

Persistent link: https://www.econbiz.de/10012463074

Branch Banking as a Device for Discipline : Competition and Bank Survivorship During the Great Depression

Carlson, Mark - 2007

1930s to assess the effects of the expansion of large-scale, branch-banking networks on competition and the stability of … banking systems. Using a new database of individual bank balance sheets, income statements, and branch establishment, we … face competition from branching networks. Our statistical findings thus support the hypothesis that branch banking produces …

Persistent link: https://www.econbiz.de/10012465718

Basel II : A Contracting Perspective

Kane, Edward J. - 2006

Financial safety nets are incomplete social contracts that assign responsibility to various economic sectors for preventing, detecting, and paying for potentially crippling losses at financial institutions. This paper uses the theories of incomplete contracts and sequential bargaining to...

Persistent link: https://www.econbiz.de/10012465955

Evidence of Improved Monitoring and Insolvency Resolution after FDICIA

Kane, Edward J. - 2008

) adjusts two principal features of federal banking supervision. First, it requires regulators to examine insured institutions …

Persistent link: https://www.econbiz.de/10012464072

The Risks of Financial Institutions

Carey, Mark - 2005

banking crises of the 1930s and before has lost much of its relevance. This view held that the main systemic problem is runs …

Persistent link: https://www.econbiz.de/10012467237