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Corporate governance and competition
Allen, Franklin; Gale, Douglas - In: Corporate governance : theoretical and empirical …, (pp. 23-84). 2000
Persistent link: https://www.econbiz.de/10001588570
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Optimal Financial Crises
Allen, Franklin - 2011
the returns on the bank's assets are going to be unusually low. In this paper we develop a simple model of this type of … panic. In this setting bank runs can be incentive-efficient: they allow more efficient risk sharing between depositors who … withdraw early and those who withdraw late and they allow banks to hold more efficient portfolios. Central bank intervention to …
Persistent link: https://www.econbiz.de/10012757441
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Special issue: Competition among banks - good or bad? : Selected papers from a conference held in Frankfurt am Main, April 7 - 8, 2000
Allen, Franklin (contributor) - 2001
Persistent link: https://www.econbiz.de/10001646103
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Competition and financial stability
Allen, Franklin (contributor); Gale, Douglas (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001899523
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Competition and financial stability
Allen, Franklin; Gale, Douglas - In: Journal of money, credit and banking : JMCB 36 (2004) 3,2, pp. 453-486
Persistent link: https://www.econbiz.de/10002147193
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Credit market competition and capital regulation
Allen, Franklin; Carletti, Elena; Marquez, Robert - 2005
Market discipline for financial institutions can be imposed not only from the liability side, as has often been stressed in the literature on the use of subordinated debt, but also from the asset side. This will be particularly true if good lending opportunities are in short supply, so that...
Persistent link: https://www.econbiz.de/10010298270
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New theories to underpin financial reform
Allen, Franklin; Carletti, Elena - In: Journal of Financial Stability 9 (2013) 2, pp. 242-249
five areas where new theories are needed. These are asset price bubbles, central bank checks and balances, global … imbalances, banking regulation, and competition in financial services. …
Persistent link: https://www.econbiz.de/10010664238
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People's Bank of China : History, Current Operations and Future Outlook
Allen, Franklin - 2017
We provide a comprehensive review of the development and activities of the People's Bank of China over the half century …. First, the PBC has evolved from the mixture of a central bank and a commercial bank to the central bank of China, with the …
Persistent link: https://www.econbiz.de/10012949916
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Asset Commonality, Debt Maturity and Systemic Risk
Allen, Franklin - 2014
quality of individual banks is opaque but can be inferred by creditors from aggregate signals about bank solvency. When bank …. This information contagion is more likely under clustered asset structures. In contrast, when bank debt is long …
Persistent link: https://www.econbiz.de/10013067181
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Deposits and Bank Capital Structure
Allen, Franklin - 2014
In a model with bankruptcy costs and segmented deposit and equity markets, we endogenize the cost of equity and deposit finance for banks. Despite risk neutrality, equity capital earns a higher expected return than direct investment in risky assets. Banks hold positive capital to reduce...
Persistent link: https://www.econbiz.de/10013064301