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The UBS-Credit Suisse Merger : Helvetia's Gift
Böni, Pascal; Kroencke, Tim-Alexander; Vasvari, Florin P. - 2023
at the expense of taxpayers: the merger-bailout has increased Switzerland’s sovereign credit risk, resulting in an …
Persistent link: https://www.econbiz.de/10014349670
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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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Interbank network and bank bailouts : insurance mechanism for non-insured creditors?
Eisert, Tim; Eufinger, Christian - 2014
This paper presents a new theory that explains why it is beneficial for banks to be highly interconnected and to engage in herding behavior. It shows that these two important causes of systemic risk are interdependent and thus cannot be considered in isolation. The reason is that banks have an...
Persistent link: https://www.econbiz.de/10012061003
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Can asset reconstruction companies (ARCs) be part solution to the Indian debt problem?
Bhagwati, Jaimini; Khan, M. Shuheb; Bogathi, … - 2017
The Indian debt overhang issue is one of the major reasons that fresh investments are currently not being made in the scale required to promote higher growth and boost employment. Among banks the public sector banks (PSBs) are burdened with the bulk of net non-performing loans (NNPAs). These...
Persistent link: https://www.econbiz.de/10011638458
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Impact of Government Bailout on Banks' Cost of Equity : Additional Evidence from the Financial Bailout of 2008-2009
Wang, Daphne - 2020
liquidity provided by the government bailout reduced the cost of equity for recipient banks, especially for those banks that … repaid their bailout funds in full. The decrease in the cost of equity is particularly significant for banks with high market … important implications for the assessment of government bailout programs and future regulation of financial institutions …
Persistent link: https://www.econbiz.de/10012841209
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Credit Insurance, Bailout and Systemic Risk
Kishore, Kaushalendra - 2018
This paper studies the impact of expectation of bailout of a credit insurance firm on the investment strategies of the … correlated investments ex ante. All banks want their assets to fail exactly at the time when the bailout is occurring to … indirectly benefit from the bailout of the insurance firm and hence they make correlated investments. I build a model in which …
Persistent link: https://www.econbiz.de/10012907457
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The European sovereign debt crisis : what have we learned?
Kräussl, Roman; Lehnert, Thorsten; Stefanova, Denitsa - 2017
This paper sets the background for the Special Issue of the Journal of Empirical Finance on the European Sovereign Debt Crisis. It identifies the channel through which risks in the financial industry leaked into the public sector. It discusses the role of the bank rescues in igniting the...
Persistent link: https://www.econbiz.de/10011588156
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Gambling traps
Ari, Anil - 2018
I propose a dynamic general equilibrium model in which strategic interactions between banks and depositors may lead to endogenous bank fragility and slow recovery from crises. When banks' investment decisions are not contractible, depositors form expectations about bank risk-taking and demand a...
Persistent link: https://www.econbiz.de/10011959253
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A Soft Bail-Out Concept to Reduce Contagion in Financial Systems
Aussenegg, Wolfgang - 2012
financial system, lower the bail-out costs, and decrease the bail-out cost volatility. Application: This new concept of soft …
Persistent link: https://www.econbiz.de/10013111963
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Financial Stability, Resolution of Systemic Banking Crises and COVID-19 : Toward an Appropriate Role for Public Support and Bailouts
Arner, Douglas W. - 2020
A wide range of approaches has been applied to address banking and other financial crises. The nature of the approach depends on the nature of the crisis, its origins, evolution and context. Systemic banking crises are among the most common and costly to address. The experiences of the three...
Persistent link: https://www.econbiz.de/10012826832