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Bank Risk Management and the Franchise Value
Bauer, Wolfgang; Ryser, Marc - Institut für Schweizerisches Bankwesen <Zürich>; … - 2003
We analyze optimal risk management strategies for a regulatory restricted bank financed with deposits and equity in an … infinite horizonmodel. The bank has a positive franchise value from rents coming from deposit related services (liquidity … franchise value and the liquidation costs in case of a bank run give the bank a motivation for risk management. The franchise …
Persistent link: https://www.econbiz.de/10005859100
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The role of securitization in mortgage renegotiation
Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2011
% of the U.S. mortgage market. Exploiting within-servicer variation in these data, we find that bank-held loans are 26% to …, modifications of bank-held loans are more efficient: conditional on a modification, bank-held loans have lower post …
Persistent link: https://www.econbiz.de/10010292147
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Dynamic Information Acquisition, Comlementarity, and Market Liquidity
Cai, Zhifeng - 2020
This paper studies dynamic information acquisition in financial markets with information asymmetry. It first shows that multiplicity can arise in the information market due to a dynamic complementarity in information acquisition. It then characterizes interactions between information...
Persistent link: https://www.econbiz.de/10012663139
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What do banks do? What should banks do?
Wray, L. Randall - 2010
Before we can reform the financial system, we need to understand what banks do; or, better, what banks should do. This paper will examine the later work of Hyman Minsky at the Levy Institute, on his project titled 'Reconstituting the United States' Financial Structure.' This led to a number of...
Persistent link: https://www.econbiz.de/10010286489
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OTC Derivatives Market in India: Recent Regulatory Initiatives and Open Issues for Market Stability and Development
Arora, Dayanand; Rathinam, Francis Xavier - 2010
The OTC derivatives markets all over the world have shown tremendous growth in recent years. In the wake of the present financial crisis, which is believed to have been exacerbated by OTC derivatives, increasing attention is being paid to analysing the regulatory environment of these markets. In...
Persistent link: https://www.econbiz.de/10011807654
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Capital requirements and bank behaviour: empirical evidence for Switzerland
Rime, Bertrand - 2000
In recent years, regulators have increased their focus on the capital adequacy of banking institutions to enhance the stability of the financial system. The purpose of the present paper is to shed some light on whether and how Swiss Banks react to constraints placed by the regulator on their...
Persistent link: https://www.econbiz.de/10011430015
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The Limits of Market Discipline in Reducing Banks' Risk Taking
Blum, Jürg - 2000
, however, the bank can readjust the level of risk after the deposit rate is contracted, market discipline leads to an increase …
Persistent link: https://www.econbiz.de/10011430018
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The Relationship between Risk and Capital in Swiss commercial Banks: A Panel Study
Bichsel, Robert; Blum, Jürg - 2002
In this paper we investigate the relationship between changes in risk and changes in leverage for a panel of Swiss banks. Using market data for risk and both accounting and market data for capital for the period between 1990 and 2002, we find a positive correlation between changes in capital and...
Persistent link: https://www.econbiz.de/10011430035
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Managerial Incentives and the Efficiency of Capital Structure in U.S. Commercial Banking
Hughes, Joseph P.; Lang, William W.; Moon, Choon-Geol; … - 2004
-sectional data on publicly traded, highest-level U.S. bank holding companies, we find empirical evidence of Marcus? proposition (1984 …
Persistent link: https://www.econbiz.de/10010263221
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Managerial incentives and the efficiency of capital structure
Hughes, Joseph P.; Lang, William W.; Moon, Choon-Geol; … - 2001
banking. Using cross-sectional data on publicly traded, highest-level U.S. bank holding companies, we find empirical evidence …
Persistent link: https://www.econbiz.de/10010318364