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Public Bank Guarantees and Allocative Efficiency
Gropp, Reint - 2018
We use a natural experiment and matched bank/firm data to identify the effects of bank guarantees on allocative efficiency. We find that with guarantees in place unproductive firms invest more and maintain higher rates of sales growth. Moreover, firms produce less productively. Firms also...
Persistent link: https://www.econbiz.de/10012935027
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Public bank guarantees and allocative efficiency
Gropp, Reint; Güttler, André; Saadi, Vahid - 2015
In the wake of the recent financial crisis, many governments extended public guarantees to banks. We take advantage of a natural experiment, in which long-standing public guarantees were removed for a set of German banks following a lawsuit, to identify the real effects of these guarantees on...
Persistent link: https://www.econbiz.de/10011286412
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Competition, risk-shifting, and public bail-out policies
Gropp, Reint; Hakenes, Hendrik; Schnabel, Isabel - 2010
This paper empirically investigates the effect of government bail-out policies on banks outside the safety net. We … construct a measure of bail-out perceptions by using rating information. From there, we construct the market shares of insured … bank bail-outs on banks' risk-taking behavior. -- Government bail-out ; implicit and explicit government guarantees …
Persistent link: https://www.econbiz.de/10003923903
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Competition, Risk-Shifting, and Public Bail-Out Policies
Gropp, Reint; Hakenes, Hendrik; Schnabel, Isabel - 2010
This paper empirically investigates the effect of government bail-out policies on banks outside the safety net. We … construct a measure of bail-out perceptions by using rating information. From there, we construct the market shares of insured …
Persistent link: https://www.econbiz.de/10014198615
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Competition, Risk-Shifting, and Public Bail-Out Policies
Gropp, Reint - 2010
This paper empirically investigates the effect of government bail-out policies on banks outside the safety net. We … construct a measure of bail-out perceptions by using rating information. From there, we construct the market shares of insured …
Persistent link: https://www.econbiz.de/10013152365
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The impact of public guarantees on bank risk taking : evidence from a natural experiment
Gropp, Reint; Gruendl, Christian; Guettler, Andre - 2010
In 2001, government guarantees for savings banks in Germany were removed following a law suit. We use this natural experiment to examine the effect of government guarantees on bank risk taking, using a large data set of matched bank/borrower information. The results suggest that banks whose...
Persistent link: https://www.econbiz.de/10008746580
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The ex-ante versus ex-post effect of public guarantees
Damar, Evren; Gropp, Reint; Mordel, Adi - 2012
("ex ante") versus during crisis times ("ex post"). During calm times, higher bail-out probabilities result in higher risk …
Persistent link: https://www.econbiz.de/10009580069
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The Impact of Public Guarantees on Bank Risk Taking : Evidence from a Natural Experiment
Gropp, Reint - 2015
In 2001, government guarantees for savings banks in Germany were removed following a lawsuit. We use this natural experiment to examine the effect of government guarantees on bank risk taking. The results suggest that banks whose government guarantee was removed reduced credit risk by cutting...
Persistent link: https://www.econbiz.de/10013039179
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Supranational rules, national discretion : increasing versus inflating regulatory bank capital?
Gropp, Reint; Mosk, Thomas; Ongena, Steven; Simac, Ines; … - 2020 - This version: January 2021
We study how supranational capital regulation incentivizes national authorities to exercise forbearance and how this affects the regulatory capital of banks across countries. Using the 2011 EBA capital exercise as a quasi-natural experiment, we find that banks substantially inflated their levels...
Persistent link: https://www.econbiz.de/10012420990
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The Impact of Public Guarantees on Bank Risk Taking : Evidence from a Natural Experiment
Gropp, Reint - 2014
In 2001, government guarantees for savings banks in Germany were removed following a law suit. We use this natural experiment to examine the effect of government guarantees on bank risk taking, using a large data set of matched bank/borrower information. The results suggest that banks whose...
Persistent link: https://www.econbiz.de/10013068968