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financial services, the number of U.S. bank branches has continued to increase steadily over time. Further, an increasing … lower bank-average deposits per branch and roughly equal volumes of small business loans per branch, but no reduction in net …-sized branch networks had lower bank-average deposits and small business loan volume per branch, but had lower net deposit costs …
Persistent link: https://www.econbiz.de/10010283383
. As is well known, the banking authority can eliminate the possibility of a bank run by committing to suspend payments to … suspension is insufficient to dissuade depositors from participating in the run. Bank runs can then occur with positive …
Persistent link: https://www.econbiz.de/10010283412
not sufficiently restrain monopoly rents already. Thus, our results suggest that in Germany's bank-dominated financial …
Persistent link: https://www.econbiz.de/10010283333
We construct a new systemic risk measure that quantifies vulnerability to fire-sale spillovers using detailed regulatory balance sheet data for U.S. commercial banks and repo market data for broker-dealers. Even for moderate shocks in normal times, fire-sale externalities can be substantial. For...
Persistent link: https://www.econbiz.de/10010333593
We summarize and evaluate Fannie Mae and Freddie Mac's credit risk transfer (CRT) programs, which have been used since 2013 to shift a portion of credit risk on more than $1.8 trillion of mortgages to private sector investors. We argue that the CRT programs have been successful in reducing the...
Persistent link: https://www.econbiz.de/10011942783
, amount of borrowing, and level of capital. Using a sample of 549 bank-years for publicly traded banks from 1992 to 2002, we … increased bank capital levels, perhaps because option grants create a contingent liability for the firm that needs to be funded …
Persistent link: https://www.econbiz.de/10010283469
had a measurable effect on the stock market valuation of the forty-two bank holding companies subject to the SEC order. I …
Persistent link: https://www.econbiz.de/10010283363
particular, I find that a bank affiliated with a multi-bank holding company is significantly safer than either a stand-alone bank … or a bank affiliated with a one-bank holding company. Not only does affiliation reduce the probability of future … other banks. Moreover, the effects of affiliation are strengthened for an expanding bank holding company. However, the …
Persistent link: https://www.econbiz.de/10010283388
In moral hazard models, bank shareholders have incentives to transfer wealth from the deposit insurer - that is … value, and a risk measure, this paper develops a semi-parametric model for estimating the critical level of bank risk at …
Persistent link: https://www.econbiz.de/10010283427
This paper examines the relationship between the amount of information disclosed by bank holding companies (BHCs) and …
Persistent link: https://www.econbiz.de/10010283481