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Optimal supervisory policies and depositor-preference laws
Pagès, Henri; Santos, João A. C. - Bank for International Settlements (BIS) - 2003
When supervisors have imperfect information about the soundness of banks, they may be unaware of insolvency problems …
Persistent link: https://www.econbiz.de/10005650370
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The Importance of Deposit Insurance Credibility
Bonfim, Diana - 2020
The success of deposit insurance arrangements at eliminating bank runs is likely closely tied to their credibility. We investigate this hypothesis building on two episodes which tested the insurance protection offered by the Portuguese arrangement in the midst of the country's sovereign debt...
Persistent link: https://www.econbiz.de/10012825618
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Optimal Supervisory Policies and Depositor-Preferences Laws
Pagès, Henri; Santos, João A. C. - 2011
When supervisors have imperfect information about the soundness of banks, they may be unaware of insolvency problems …
Persistent link: https://www.econbiz.de/10014187928
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Combining Deposit Taking with Credit Line Provision and the Risk of Concurrent Runs by Depositors and Firms
Santos, João A. C. - 2012
Combining deposit taking with credit line provision saves on the liquidity costs banks incur to meet the liquidity needs of consumers and corporations, but it exposes them to a risk of concurrent runs on their assets and liabilities. If a bank's financial condition deteriorates, depositors have...
Persistent link: https://www.econbiz.de/10013096656
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Systemic Risk and Deposit Insurance Premiums
Acharya, Viral V. - 2010
Persistent link: https://www.econbiz.de/10013138123
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Non-bank investors and loan renegotiations
Paligorova, Teodora; Santos, João A. C. - 2016
renegotiations derives from the growth of collateralized loan obligations (CLOs) in the syndicated loan market and the coordination …
Persistent link: https://www.econbiz.de/10011576363
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The cost of bank regulatory capital
Plosser, Matthew C.; Santos, João A. C. - 2018
The Basel I Accord introduced a discontinuity in required capital for undrawn credit commitments. While banks had to set aside capital when they extended commitments with maturities in excess of one year, short-term commitments were not subject to a capital requirement. The Basel II Accord...
Persistent link: https://www.econbiz.de/10011868462
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Why do banks target ROE?
Pennacchi, George G.; Santos, João A. C. - 2018
these differences because EPS growth is better at explaining nonfinancials' stock market value while ROE is better at … increasing competition that erodes its charter value. When under these conditions the bank chooses its capital to maximize … characterized the banking industry during the 1970s and explains why it adopted an ROE target. …
Persistent link: https://www.econbiz.de/10011868481
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Rollover risk and the maturity transformation function of banks
Paligorova, Teodora; Santos, João A. C. - 2014
This paper shows that banks that rely heavily on short-term funding engage less in maturity transformation in an attempt to decrease their exposure to rollover risk. These banks shorten both the maturity of their portfolio of loans as well as the maturity of newly issued loans. We find that the...
Persistent link: https://www.econbiz.de/10010254340
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U.S. Banks’ Exposures to Climate Transition Risks
Jung, Hyeyoon; Santos, João A. C.; Seltzer, Lee - 2023
We build on the estimated sectoral effects of climate transition policies from the general equilibrium models of Jorgenson et al. (2018), Goulder and Hafstead (2018), and NGFS (2022a) to investigate U.S. banks’ exposures to transition risks. Our results show that while banks’ exposures are...
Persistent link: https://www.econbiz.de/10014355728