Showing 1 - 10 of 13
Persistent link: https://www.econbiz.de/10009500806
Persistent link: https://www.econbiz.de/10009760780
Persistent link: https://www.econbiz.de/10010363546
Persistent link: https://www.econbiz.de/10010227301
Persistent link: https://www.econbiz.de/10011533587
this channel, one bank's capital policy affects the equity value and risk of default of other banks. In a model where such … dividends and inefficient recapitalization relative to the efficient policy that maximizes banking sector equity. We compare the …
Persistent link: https://www.econbiz.de/10011535710
In a financial system where balance sheets are continuously marked to market, asset price changes show up immediately in changes in net worth, and elicit responses from financial intermediaries, who adjust the size of their balance sheets. We document evidence that marked to market leverage is...
Persistent link: https://www.econbiz.de/10003750980
. This way, one bank's dividend payout policy affects the equity value and risk of default of other banks. When such negative … a coordinated policy that maximizes the combined equity value of banks …
Persistent link: https://www.econbiz.de/10013071913
Persistent link: https://www.econbiz.de/10012114319
Persistent link: https://www.econbiz.de/10011749300