ap- point independent directors on the board of an assisted bank that missed six dividend payments to the Treasury … payments exhibits a sharp discontinuity at five. Director appointments by the Treasury led to improved bank performance, lower …

appoint independent directors on the board of an assisted bank that missed six dividend payments to the Treasury - helped … exhibits a sharp discontinuity at five. Director appointments by the Treasury led to improved bank performance, lower CEO pay …

, thereby enhancing liquidity creation and the value of intermediation. Higher bank capital leads to more trading states and … diminish the value of the bank's core intermediation service? Using a banking model in which borrowers face production output … uncertainty and banks facilitate real investment by creating funding liquidity - they lend more than the entire initial endowment …

liquidity crisis. The appropriate post-crisis regulatory reform should therefore focus on increasing capital requirements. The … Basel III liquidity requirements do not serve a useful economic purpose in dealing with the root causes of the stresses that … led to the 2007-09 crisis, and unnecessarily constrain the asset transformation and liquidity creation roles of banks to …

governance in banking to improve ethics and culture, and de-emphasize liquidity regulation. It also advocates the embrace of …

Relying on theories in which bank loans create deposits—a process we call “funding liquidity creation”—we measure how … constrained by the supply of cash deposits. During the 2001-2020 period, 92% of bank deposits were due to funding liquidity … much funding liquidity the U.S. banking system creates. Private money creation by banks enables lending to not be …

incentives both discipline bankers, but with different consequences. Greater use of equity leads to lower ex ante bank liquidity …We consider a model in which the threat of bank liquidations by creditors as well as equity-based compensation …, whereas greater use of debt leads to a higher probability of inefficient bank liquidation. The bank's privately …

ethics and culture, and de-emphasize liquidity regulation. It also advocates the embrace of authentic organizational higher …