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Catch, restrict, and release: the real story of bank bailouts

Berger, Allen N.; Nistor, Simona; Ongena, Steven; … - 2020

Bank bailouts are not the "one-shot" events commonly described in the literature. These bailouts are instead dynamic …

Persistent link: https://www.econbiz.de/10012224131

Do "too-big-to-fail" banks receive preferential treatment in bailouts? : surprising results from a cross-country analysis

Berger, Allen N.; Nistor, Simona; Ongena, Steven; … - 2024

Persistent link: https://www.econbiz.de/10014485767

CDS central counterparty clearing liquidation : road to recovery or invitation to predation?

Tywoniuk, Magdalena - 2017

. This work investigates the potential failure of a CCP initiated by the default of a large dealer bank and the unwinding of …

Persistent link: https://www.econbiz.de/10011870658

CDS central counterparty clearing default measures : road to recovery or invitation to predation?

Tywoniuk, Magdalena - 2020

Following the 2008 financial crisis, regulation mandates the clearing of the CDS market through Central Clearing Counter-parties (CCPs). Large CCPs are now designated as 'Global Systemically Important Institutions' (GSIIs), whose unlikely-but-plausible failure threatens global financial market...

Persistent link: https://www.econbiz.de/10012419635

Short selling regulation after the financial crisis : first principles revisited

Grünewald, Seraina Neva; Wagner, Alexander F.; Weber, … - 2009

This article examines the recent regulatory developments with regard to short selling. Short selling regulation is an important factor in firm governance because it affects the way in which firms are subject to market discipline. We begin with a comprehensive compilation of emergency...

Persistent link: https://www.econbiz.de/10003970469

Self-inflicted debt crises

Dimopoulos, Theodosios; Schürhoff, Norman - 2021

borrowers misprice the option to default with a U-shaped negative pricing error. The myopia discount changes the optimal bailout … policy. Myopia gets punished when the distortions from default mispricing outweigh the future bailout costs, resulting in … procrastinated default and protracted crises. The model shows that (i) myopia is an important determinant for bailout policy, (ii …

Persistent link: https://www.econbiz.de/10012487611

Stressed banks

Pierret, Diane; Steri, Roberto - 2017

We investigate the risk taking incentives of "stressed banks" - the banks that are subject to annual regulatory stress tests in the U.S. since 2011. We document that stress tests effectively encourage prudent investment from stressed banks through regulatory monitoring, but also provide them...

Persistent link: https://www.econbiz.de/10011874856

(When) do banks react to anticipated capital reliefs?

Arnould, Guillaume; Guin, Benjamin; Ongena, Steven; … - 2020

We study how banks react to policy announcements during the representative policy cycle of consultation and policy publication. We use unique data covering the population of all mortgage transactions in the UK complemented with regulatory risk assessments of banks and their supervisory...

Persistent link: https://www.econbiz.de/10012421476

Unintended consequences of the global derivatives market reform

Gandré, Pauline; Mariathasan, Mike; Merrouche, Ouarda; … - 2020

We investigate regulatory arbitrage during the G20's global derivatives market reform. Using hand-collected data on staggered reform progress, we find that banks shift their trading towards less regulated jurisdictions. The result is driven by agenda items – such as the promotion of central...

Persistent link: https://www.econbiz.de/10012179682

A false sense of security : why U.S. banks diversify and does it help?

Gandhi, Priyank; Kiefer, Patrick Christian; Plazzi, Alberto - 2016

contributes to the current debate on the optimal scope of bank activities, and highlights novel channels through which …

Persistent link: https://www.econbiz.de/10011518813

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