Showing 1 - 10 of 123
This paper analyzes bank stock prices around the world to assess the impact of the COVID-19 pandemic on the banking … policy announcements on the performance of bank stocks. Overall, the results suggest that the crisis and the countercyclical … lending role that banks are expected to play have put banking systems under significant stress, with bank stocks …
Persistent link: https://www.econbiz.de/10012823532
our findings by comparing banks to non-financial firms and examining changes in bank risk around an exogenous regulatory …
Persistent link: https://www.econbiz.de/10012904739
This paper examines how corporate governance and executive compensation affect bank capitalization strategies for an … to give rise to lower bank capitalization. Boards of intermediate size, separation of the CEO and chairman roles, and an … absence of anti-takeover provisions, in particular, lead to low bank capitalization. However, executive options and stock …
Persistent link: https://www.econbiz.de/10012905186
For an international sample of banks, we construct measures of a bank's absolute size and its systemic size defined as … size relative to the national economy. We then examine how a bank's risk and return, its activity mix and funding strategy … that a bank's interest cost tends to rise with its systemic size can also in part explain why a bank's rate of return on …
Persistent link: https://www.econbiz.de/10013129004
This paper finds that lending by state banks is less procyclical than lending by private banks, especially in countries with good governance. Lending by state banks in high income countries is even countercyclical. On the liability side, state banks expand potentially unstable non-deposit...
Persistent link: https://www.econbiz.de/10013104799
Using bank level measures of competition and co-dependence, we show a robust negative relationship between bank … shocks. Examining the impact of the institutional and regulatory environment on bank systemic risk shows that banking systems …
Persistent link: https://www.econbiz.de/10013091416
SME loans across foreign, private, and government-owned banks, even though different bank ownership types apply different …
Persistent link: https://www.econbiz.de/10013156453
The intensity of the crisis in financial markets has surprised nearly everyone. This paper searches out the root causes of the crisis, distinguishing them from scapegoating explanations that have been used in policy circles to divert attention from the underlying breakdown of incentives....
Persistent link: https://www.econbiz.de/10013158630
Despite the devastating worldwide human and economic tolls of the COVID-19 crisis, it has created some positive economic and financial surprises and opportunities for research. This paper highlights two such favorable surprises – the shortest U.S. recession on record and the avoidance of any...
Persistent link: https://www.econbiz.de/10013212045
. For an international sample of banks, this paper investigates the impact of government indebtedness and deficits on bank … stock prices and CDS spreads. Overall, bank stock prices reflect a negative capitalization of government debt and they … valuation in countries running large fiscal deficits. Furthermore, the change in bank CDS spreads in 2008 relative to 2007 …
Persistent link: https://www.econbiz.de/10013133399