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This paper estimates the value of the too-big-to-fail (TBTF) subsidy. Using data from the merger boom of 1991–2004, we find that banking organizations were willing to pay an added premium for mergers that would put them over the asset sizes that are commonly viewed as the thresholds for being...
Persistent link: https://www.econbiz.de/10010863590
Persistent link: https://www.econbiz.de/10009719136
Persistent link: https://www.econbiz.de/10012023950
The financial crisis has generated fundamental reforms in the financial regulatory system in the U.S. and internationally. Much of this reform was in direct response to the weaknesses revealed in the precrisis system. The new “macroprudential” approach to financial regulations focuses on...
Persistent link: https://www.econbiz.de/10011103534
There have been increasing concerns about the declining number of community banks and that the acquisitions of … community banks by larger banks might result in significant reductions in small business lending (SBL) and disrupt relationship … lending. This paper examines the roles and characteristics of U.S. community banks in the past decade, covering the recent …
Persistent link: https://www.econbiz.de/10010772626
This paper discusses the role of risk management and corporate governance as causal factors in the onset of the financial crisis. The downturn in the housing and mortgage markets precipitated the first phase of the financial crisis in August 2007 when the solvency of a number of large financial...
Persistent link: https://www.econbiz.de/10010838909
Supersedes Working Paper No. 13-24 This paper uses a unique data set to shed new light on credit availability to consumer bankruptcy filers. In particular, the authors’ data allow them to distinguish between Chapter 7 and Chapter 13 bankruptcy filings, to observe changes in credit demand and...
Persistent link: https://www.econbiz.de/10010930292
The deep housing market recession from 2008 through 2010 was characterized by a steep increase in the number of foreclosures. Foreclosure timelines — the length of time between initial mortgage delinquency and completion of foreclosure — also expanded significantly, averaging up to three...
Persistent link: https://www.econbiz.de/10011027301
This paper estimates the value of the too-big-to-fail (TBTF) subsidy. Using data from the merger boom of 1991-2004, the authors find that banking organizations were willing to pay an added premium for mergers that would put them over the asset sizes that are commonly viewed as the thresholds for...
Persistent link: https://www.econbiz.de/10014177917
This paper estimates the value of the too-big-to-fail (TBTF) subsidy. Using data from the merger boom of 1991-2004, the authors find that banking organizations were willing to pay an added premium for mergers that would put them over the asset sizes that are commonly viewed as the thresholds for...
Persistent link: https://www.econbiz.de/10014200090