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Did TARP Reduce or Increase Systemic Risk? The Effects of Government Aid on Financial System Stability
Berger, Allen N. - 2019
Theory suggests that government aid to banks may either reduce or increase systemic risk. We are the first to address this issue empirically, analyzing the Troubled Assets Relief Program (TARP). Analysis suggests that TARP significantly reduced contributions to systemic risk, particularly for...
Persistent link: https://www.econbiz.de/10012902848
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How does capital affect bank performance during financial crises?
Berger, Allen N.; Bouwman, Christa H. S. - 2011
This paper empirically examines how capital affects a bank's performance (survival and market share), and how this …
Persistent link: https://www.econbiz.de/10011893182
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Do Depositors Discipline Banks and Did Government Actions During the Recent Crisis Reduce this Discipline? An International Perspective
Berger, Allen N. - 2014
may have increased during the crisis due to heightened awareness of the risks of bank failures. To address these issues …
Persistent link: https://www.econbiz.de/10013069056
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Do Business Borrowers Benefit from Bank Bailouts? - The Effects of TARP on Loan Contract Terms
Berger, Allen N. - 2017
We investigate benefits to business borrowers from bank bailouts – specifically the Troubled Asset Relief Program (TARP … and policy debates on bank bailouts …
Persistent link: https://www.econbiz.de/10012969974
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Did Saving Wall Street Really Save Main Street? The Real Effects of TARP on Local Economic Conditions
Berger, Allen N. - 2016
We investigate whether saving Wall Street through the Troubled Assets Relief Program (TARP) really saved Main Street during the recent financial crisis. Our difference-in-difference analysis suggests that TARP statistically and economically significantly increased net job creation and net hiring...
Persistent link: https://www.econbiz.de/10013006410
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The Life Cycle of Systemic Risk
Berger, Allen N.; Sedunov, John - 2022
We present a life cycle view of how systemic risks build during a boom, are realized during the following crisis, and are addressed in the aftermath. We also offer potential explanations of the seemingly irrational behavior by private-sector agents and policy makers. We show how the model...
Persistent link: https://www.econbiz.de/10013306654
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The Roles of Corporate Governance in Bank Failures during the Recent Financial Crisis
Berger, Allen N. - 2012
This paper analyzes the roles of corporate governance in bank defaults during the recent financial crisis of 2007 …-2010. Using a data sample of 249 default and 4,021 no default US commercial banks, we investigate the impact of bank ownership and … management structures on the probability of default. The results show that defaults are strongly influenced by a bank's ownership …
Persistent link: https://www.econbiz.de/10013099197
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The Roles of Corporate Governance in Bank Failures During the Recent Financial Crisis
Berger, Allen N. - 2014
This paper analyzes the roles of corporate governance in bank defaults during the recent financial crisis. We … investigate the impacts of bank ownership and management structures on the probability of default of US commercial banks. Our … results suggest that defaults are strongly influenced by a bank's ownership structure: high shareholdings of lower …
Persistent link: https://www.econbiz.de/10013066414
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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
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Bank liquidity creation and risk taking during distress
Berger, Allen N.; Bouwman, Christa H. S.; Kick, Thomas; … - 2010
Liquidity creation is one of banks’ raisons d’être. But what happens to liquidity creation and risk taking when a bank … increases to up to around 50 percent when such actions are taken. Second, bank risk taking decreases in the aftermath of … creation ; bank distress ; regulatory interventions ; capital injections …
Persistent link: https://www.econbiz.de/10008653393