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The carrot and the stick : bank bailouts and the disciplining role of board appointments
Mücke, Christian; Pelizzon, Loriana; Pezone, Vincenzo; … - 2021
– helped attenuate bailout-related moral hazard. Banks were averse to these appointments – the empirical distribution of missed …
Persistent link: https://www.econbiz.de/10012584933
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The carrot and the stick : bank bailouts and the disciplining role of board appointments
Mücke, Christian; Pelizzon, Loriana; Pezone, Vincenzo; … - 2021
attenuate bailout-related moral hazard. Banks were averse to these appointments - the empirical distribution of missed payments …
Persistent link: https://www.econbiz.de/10012643917
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Bank Regulation and Banking Stability
Boot, Arnoud W. A. - 2014
This note discusses some issues in bank closure policy from a financial stability standpoint and how these issues have evolved since we first raised the question of how a reputation-driven divergence of interests between bank regulators and taxpayers may distort bank closure policy in our 1993...
Persistent link: https://www.econbiz.de/10013046813
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[Rezension von: Berger, Allen N., TARP and other bank bailouts and bail-ins around the world]
Thakor, Anjan V. - In: Journal of economic literature 59 (2021) 1, pp. 289-291
Persistent link: https://www.econbiz.de/10012542693
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The Post-Crisis Evolution of Banks and Markets : Introduction
Boot, Arnoud W. A. - 2018
This paper briefly reviews papers presented at a JFI-Washington University Conference on the post-crisis evolution of banks and financial markets that are appearing in a special issue of the JFI. The major themes represented by the papers in this issue have significantly advanced our...
Persistent link: https://www.econbiz.de/10012922918
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The dark side of liquidity creation : leverage and systemic risk
Acharya, Viral V.; Thakor, Anjan V. - In: Journal of financial intermediation 28 (2016), pp. 4-21
Persistent link: https://www.econbiz.de/10011715175
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Politics, Credit Allocation and Bank Capital Requirements
Thakor, Anjan V. - 2016
I develop a theory of political influence on bank lending and capital structure. The idea is that legislators may want to direct bank credit to politically-favored loans that reduce bank shareholder wealth, but generate social and/or political benefits. The regulator, who implements the laws...
Persistent link: https://www.econbiz.de/10012978815
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Post-Crisis Regulatory Reform in Banking : Address Insolvency Risk, Not Illiquidity!
Thakor, Anjan V. - 2018
An extensive review of the evidence related to the 2007-09 crisis reveals that it was an insolvency risk crisis, not a liquidity crisis. The appropriate post-crisis regulatory reform should therefore focus on increasing capital requirements. The Basel III liquidity requirements do not serve a...
Persistent link: https://www.econbiz.de/10012929698
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Does Bailout Anticipation Induce Adverse Selection?
Song, Fenghua; Thakor, Anjan V. - 2023
We show the anticipation of a bailout of distressed firms worsens ex ante adverse selection, causing a market freeze … and inviting government intervention - a "bailout trap." When firms of heterogenous qualities raise financing, high … bailout. This reduces ex post trading profits of buyers, dissuading ex ante participation by high-quality firms, possibly …
Persistent link: https://www.econbiz.de/10014257705
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The Post-Crisis Evolution of Banks and Markets : Introduction
Boot, Arnoud W. A. - 2019
This paper briefly reviews papers presented at a JFI-Washington University Conference on the post-crisis evolution of banks and financial markets that are appearing in a special issue of the JFI. The major themes represented by the papers in this issue have significantly advanced our...
Persistent link: https://www.econbiz.de/10012899653