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Bank Bailouts, Bail-Ins, or No Regulatory Intervention? A Dynamic Model and Empirical Tests of Optimal Regulation
Berger, Allen N.; Himmelberg, Charles P.; Roman, Raluca A. - 2020
default { bailout, where government provides capital; bail-in, using private-sector funds; and no regulatory intervention … distress with sufficient capital remaining. Empirical tests of changes in capital behavior from the pre-crisis bailout period …
Persistent link: https://www.econbiz.de/10012852290
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Abolishing public guarantees in the absence of market discipline
Körner, Tobias; Schnabel, Isabel - 2012
the resulting drop in bank charter values translated into higher risk-taking at German savings banks. -- Public bail-out …
Persistent link: https://www.econbiz.de/10009664941
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Is size everything?
Antill, Samuel; Sarkar, Asani - 2018
time series and the cross section. TSIZE-implied subsidies increase around the bailout of Continental Illinois in 1984 and …
Persistent link: https://www.econbiz.de/10011894404
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The SSM at 1
Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011557140
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The Effect of TARP on Bank Risk-Taking
Black, Lamont - 2012
One of the largest responses of the U.S. government to the recent financial crisis was the Troubled Asset Relief Program (TARP). TARP was originally intended to stabilize the financial sector through the increased capitalization of banks. However, recipients of TARP funds were then encouraged to...
Persistent link: https://www.econbiz.de/10013108932
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The (Un)Desired Effects of Government Bailouts : The Impact of TARP on the Interbank Market and Bank Risk-Taking
Behr, Patrick - 2019
We analyze how the inflow of liquidity through TARP funds in the wake of the 2007/2008 financial crisis impacted banks' interbank market activity. We show that TARP banks increased interbank market activity statistically and economically in a very significant way. Their interbank lending...
Persistent link: https://www.econbiz.de/10012899090
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Evidence on the Troubled Assets Relief Program, Bailout Size, Returns and Tail Risk
Ncube, Mthuli - 2019
market response to the TARP launch. We reject the null hypothesis that the bailout size has no effect on the firm's value … average buy-and-hold return from 2008 Q4 to 2009 Q1 is 42.68% for the 293 sampled banks. Bailout banks perform 5.8% worse than … non-bailout banks. The banks' losses increase significantly from the pre-TARP period to TARP initiation period, suggesting …
Persistent link: https://www.econbiz.de/10012862020
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Bailouts and Moral Hazard : How Implicit Government Guarantees Affect Financial Stability
Mariathasan, Mike - 2014
The recent crisis has shown that systemically relevant banks in distress are likely to benefit from governmental support. This reduces their downside risk and leads to moral hazard, i.e. to incentives for these banks to assume excessive risks. In this paper we show empirically that implicit...
Persistent link: https://www.econbiz.de/10013049033
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Bank Bailouts, Interventions, and Moral Hazard
Dam, Lammertjan - 2016
-equations model that specifies the probability of a bailout and banks' risk taking.We identify the effect of expected bailout …-2006. The marginal effect of risk with respect to bailout expectations is 7.2 basis points. A change of bailout expectations by …
Persistent link: https://www.econbiz.de/10012989226
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Bank Bailouts in Europe and Bank Performance
Gerhardt, Maria - 2018
equity ratio, loan quality and bank size are the main determinants of bank bailout involvement. However, the aided banks …
Persistent link: https://www.econbiz.de/10012934952