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What if Firms Could Borrow More? Evidence from a Natural Experiment

Brown, James R.; Martinsson, Gustav; Thomann, Christian - 2015

We study the effects of a unique lending program initiated by the Swedish government at the height of the financial crisis that allowed firms to suspend payment of all labor-related taxes and fees. Comprehensive administrative data on all Swedish firms show that firms borrowing from the program...

Persistent link: https://www.econbiz.de/10011307119

CDS and equity market reactions to stock issuances in the U.S. financial industry: Evidence from the 2002-13 period

Cornett, Marcia Millon; Mehran, Hamid; Pan, Kevin; … - 2014

We study market reactions to seasoned equity issuances that were announced by financial companies between 2002 and 2013. To assess the risk and valuation implications of these seasoned equity issuances, we conduct an event analysis using daily credit default swap (CDS) and stock market pricing...

Persistent link: https://www.econbiz.de/10011341015

Credit Risk Assessment in the Romanian Banking System. Evidence from the Recent Financial Crisis

Avadanei, Anamaria - In: CES Working Papers 3 (2011) 4, pp. 468-479

The financial crisis followed by the recession has adversely affected the quality of Romanian banking assets. The aim … of this paper is to point out the implications of credit risk in the Romanian banking system following the accelerate … the Romanian banking system, the evaluation of credit risk in terms of numbers, facts, actions and a short analysis of the …

Persistent link: https://www.econbiz.de/10012016967

Commercial Bank Performance and Credit Risk in Albania

Kola, Fatmira; Gjipali, Arsena; Sula, Erjon - In: Journal of Central Banking Theory and Practice 8 (2019) 3, pp. 161-177

The banking sector is a complex system composed of a large number of stakeholders that interacts in a non-simple way … risk in the banking sector that affect the bank performance, as it exhibits loss probability because of the failure of … total loans, representing the major obstacle to the development and performance of the banking sector in Albania. The …

Persistent link: https://www.econbiz.de/10012217925

Has "too big to fail" been solved? A longitudinal analysis of major U.S. banks

Thosar, Satish; Schwandt, Bradley - In: Journal of Risk and Financial Management 12 (2019) 1, pp. 1-14

In the wake of the global financial crisis that erupted in 2008, there has been extensive commentary and regulatory focus on the 'Too Big to Fail' issue. In this paper, we survey the proposed solutions and regulatory initiatives that have been undertaken. We conduct a longitudinal analysis of...

Persistent link: https://www.econbiz.de/10012611174

Does a financial crisis change a bank's exposure to risk? A difference-in-differences approach

Mäkinen, Mikko - 2021

Can a major financial crisis trigger changes in a bank's risk-taking behavior? Using the 2008 Global Financial Crisis as a quasi-natural experiment and a difference-in-differences approach, I examine whether the worst crisis-hit Russian banks - the banks that have strong incentives to...

Persistent link: https://www.econbiz.de/10012614257

Stress scenarios from the tails of historical distributions of macro-financial risk factors in Denmark

Abildgren, Kim - 2013

The paper puts the outcome during the most recent financial crisis in a historical perspective by taking a closer look at the frequency of extreme events in the economic history of Denmark, in some cases based on time series back to the late 1600s. We focus on the frequency distribution of a...

Persistent link: https://www.econbiz.de/10010464535

Contagion and Spillovers: New Insights from the Crisis

Backé, Peter; Feldkircher, Martin; Gnan, Ernest; … - 2010

On February 12, 2010, SUERF, the Oesterreichische Nationalbank and the Bankwissenschaftliche Gesellschaft continued their established tradition of jointly organised conferences. As evidenced also by the 115 conference participants, this year's subject of "Contagion and Spillovers – New...

Persistent link: https://www.econbiz.de/10011689946

Systemic risk in Danish banks: Implementing SRISK in a Danish context

Grinderslev, Oliver Juhler; Kristiansen, Kristian Loft - 2016

The market-based SRISK measure introduced in Brownlees and Engle (2015) is used to measure the level of systemic risk in Danish banks and the Danish financial sector as a whole for the period 2005-15. The systemic risk contribution for a bank is measured as its propensity to be undercapitalized...

Persistent link: https://www.econbiz.de/10011754962

LIBOR: Origins, economics, crisis, scandal, and reform

Hou, David; Skeie, David - 2014

The London Interbank Offered Rate (LIBOR) is a widely used indicator of funding conditions in the interbank market. As of 2013, LIBOR underpins more than $300 trillion of financial contracts, including swaps and futures, in addition to trillions more in variable-rate mortgage and student loans....

Persistent link: https://www.econbiz.de/10011340948

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