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ap- point independent directors on the board of an assisted bank that missed six dividend payments to the Treasury … – helped attenuate bailout-related moral hazard. Banks were averse to these appointments – the empirical distribution of missed … payments exhibits a sharp discontinuity at five. Director appointments by the Treasury led to improved bank performance, lower …
Persistent link: https://www.econbiz.de/10012584933
appoint independent directors on the board of an assisted bank that missed six dividend payments to the Treasury - helped … attenuate bailout-related moral hazard. Banks were averse to these appointments - the empirical distribution of missed payments … exhibits a sharp discontinuity at five. Director appointments by the Treasury led to improved bank performance, lower CEO pay …
Persistent link: https://www.econbiz.de/10012643917
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 paper in The American Economic Review. Regulators now deploy a richer set …
Persistent link: https://www.econbiz.de/10013046813
customers who do not wish to be exposed to the bank's credit risk, trends in both formal and informal financing and how they … bank loans, and bank culture. These papers raise a host of interesting questions for future research …
Persistent link: https://www.econbiz.de/10012922918
Persistent link: https://www.econbiz.de/10011715175
Persistent link: https://www.econbiz.de/10012542693
Political influence on bank credit allocation is often viewed as being necessary to address social problems like income … inequality. We hypothesize that such influence affects bank governance and elicits bank capital responses. Our hypothesis yields … implications for the interaction between politics, household consumption and bank governance and risk through a specific channel …
Persistent link: https://www.econbiz.de/10014258594
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
customers who do not wish to be exposed to the bank's credit risk, trends in both formal and informal financing and how they … bank loans, and bank culture. These papers raise a host of interesting questions for future research …
Persistent link: https://www.econbiz.de/10012899653
This paper reviews the papers that were presented at a conference at Washington University in St. Louis, a subset of which were published in a special issue of The Journal of Financial Intermediation. The papers cover a wide range of issues on how banks and financial markets have evolved since...
Persistent link: https://www.econbiz.de/10012852557