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Using securities market information for bank supervisory monitoring

Krainer, John; Lopez, Jose A. - Federal Reserve Bank of San Francisco - 2004

these ratings that combines supervisory and securities market data. We find that securities market variables, such as BHC … stock returns and bond yield spreads, improve the model’s in-sample fit. We also find that debt market variables provide … debt variables is little different from the accuracy of a model based on supervisory information alone. However, the model …

Persistent link: https://www.econbiz.de/10010702183

Offshore financial centers: parasites or symbionts?

Rose, Andrew K.; Spiegel, Mark M. - Federal Reserve Bank of San Francisco - 2005

This paper analyzes the causes and consequences of offshore financial centers (OFCs). Since OFCs are likely to be tax havens and money launderers, they encourage bad behavior in source countries. Nevertheless, OFCs may also have unintended positive consequences for their neighbors, since they...

Persistent link: https://www.econbiz.de/10005361482

Regional economic conditions and the variability of rates of return in commercial banking

Furlong, Frederick; Krainer, John - Federal Reserve Bank of San Francisco - 2007

We develop new techniques to assess the relationship between commercial bank performance and the economic conditions in the markets in which they operate. In the analysis, we allow for heterogeneity in the responses of banks to regional economic conditions. We find a statistically significant...

Persistent link: https://www.econbiz.de/10005361496

Safe and sound banking, 20 years later: what was proposed and what has been adopted

Furlong, Fred; Kwan, Simon - Federal Reserve Bank of San Francisco - 2006

In 1986, a task force of banking academics organized and sponsored by the American Bankers Association convened to examine the banking industry and the efficacy of its regulatory system. The group was charged with reviewing the problems of ensuring the safety and soundness of the banking system...

Persistent link: https://www.econbiz.de/10005361506

Foreign bank lending and bond underwriting in Japan during the lost decade

Lopez, Jose A.; Spiegel, Mark M. - Federal Reserve Bank of San Francisco - 2006

We examine foreign intermediation activity in Japan during the so-called "lost decade" of the 1990s, contrasting the behavior of lending by foreign commercial banks and underwriting activity by foreign investment banks over that period. Foreign bank lending is shown to be sensitive to domestic...

Persistent link: https://www.econbiz.de/10005361515

Monetary and financial integration: evidence from Portuguese borrowing patterns

Spiegel, Mark M. - Federal Reserve Bank of San Francisco - 2004

This paper examines the impact of European Monetary Union (EMU) accession on bilateral Portuguese international borrowing patterns. Using a difference-in-differences methodology, I demonstrate that Portugal’s accession to the EMU was accompanied by a change in its borrowing pattern in favor of...

Persistent link: https://www.econbiz.de/10010702152

Testing the strong-form of market discipline: the effects of public market signals on bank risk

Kwan, Simon H. - Federal Reserve Bank of San Francisco - 2004

Under the strong-form of market discipline, publicly traded banks that have constantly available public market signals from their stock (and bond) prices would take less risk than non-publicly traded banks because counterparties, borrowers, and regulators could react to adverse public market...

Persistent link: https://www.econbiz.de/10010702166

Steps toward identifying central bank policy preferences

Dennis, Richard - Federal Reserve Bank of San Francisco - 2000

This paper takes the parameters in central bank loss functions as fundamental preferences to be estimated from the data. It is these preferences (along with target values) that define the policy regime in operation and that potentially change with senior central bank appointments. Optimizing...

Persistent link: https://www.econbiz.de/10010702227

Loan officers and relationship lending to SMEs

Uchida, Hirofumi; Udell, Gregory F.; Yamori, Nobuyoshi - Federal Reserve Bank of San Francisco - 2008

Previous research suggests that loan officers play a critical role in relationship lending by producing soft information about SMEs. For the first time, we empirically confirm this hypothesis We also examine whether the role of loan officers differs from small to large banks as predicted by...

Persistent link: https://www.econbiz.de/10005712194

Do banks propagate debt market shocks?

Hale, Galina; Santos, João A. C. - Federal Reserve Bank of San Francisco - 2010

Over the years, U.S. banks have increasingly relied on the bond market to finance their business. This created the potential for a link between the bond market and the corporate sector whereby borrowers, including those that do not rely on bond funding, became exposed to the conditions in the...

Persistent link: https://www.econbiz.de/10008489223