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Revenge of the Steamroller : ABCP as a Window on Risk Choices

Arteta, Carlos Oscar - 2013

We empirically examine financial institutions' motivations to take systematic bad-tail risk in the form of sponsorship of credit-arbitrage asset-backed commercial paper vehicles. A run on debt issued by such vehicles played a key role in causing and propagating the liquidity crisis that began in...

Persistent link: https://www.econbiz.de/10013083441

Future risks and fragilities for financial stability

Llewellyn, David T. (ed.); Reid, Richard (ed.); … - Conference: Future Risks and Fragilities for Financial …; … - 2012

connected issues, mainly incentives and market discipline, regulation, competition and shadow banking, and size and structure of …

Persistent link: https://www.econbiz.de/10011711486

Future risks and fragilities for financial stability

Llewellyn, David T. (contributor); … - 2012

Persistent link: https://www.econbiz.de/10009562894

Banking in transition economies : developing market oriented banking sectors in Eastern Europe

Bonin, John (contributor) - 1998

Persistent link: https://www.econbiz.de/10000980267

Caught between Scylla and Charybdis? : regulating bank leverage when there is rent seeking and risk shifting

Acharya, Viral V.; Mehran, Hamid; Thakor, Anjan V. - 2010 - Rev.

Banks face two different kinds of moral hazard problems: asset substitution by shareholders (e.g., making risky, negative net present value loans) and managerial rent seeking (e.g., investing in inefficient “pet” projects and consuming perquisites that yield private benefits). The privately...

Persistent link: https://www.econbiz.de/10008657183

Caught between Scylla and Charybdis? Regulating Bank Leverage When There is Rent Seeking and Risk Shifting

Acharya, Viral V. - 2015

We develop a theory of optimal bank leverage in which the benefit of debt in inducing loan monitoring is balanced against the benefit of equity in attenuating risk-shifting. However, faced with socially-costly correlated bank failures, regulators bail out creditors. Anticipation of this...

Persistent link: https://www.econbiz.de/10013038182

Caught between Scylla and Charybdis? Regulating Bank Leverage When There is Rent-Seeking and Risk-Shifting

Acharya, Viral V. - 2015

Persistent link: https://www.econbiz.de/10013038378

Ownership Structure and Risk-Taking Behavior : Evidence from Banks in Korea and Japan

Nagano, Mamoru - 2011

statistically significant for both the Korean and the Japanese banking industries. This means that an increase in managerial …

Persistent link: https://www.econbiz.de/10013130179

Financial Expertise of the Board, Risk Taking, and Performance : Evidence from Bank Holding Companies

Minton, Bernadette A. - 2014

Financial expertise among independent directors of U.S. banks is positively associated with balance-sheet and market-based measures of risk in the run-up to the 2007-2008 financial crisis. While financial expertise is weakly associated with better performance before the crisis, it is strongly...

Persistent link: https://www.econbiz.de/10013070861

Using Clustering Ensemble to Identify Banking Business Models

Marques, Bernardo P. - 2020

with these challenges based on an ensemble of three unsupervised clustering methods to identify banking business models … analysis in the context of the European banking sector, which has seen its regulators increasingly focused on examining the … evidence of four distinct banking business models and further distinguish between banks with a clearly defined business model …

Persistent link: https://www.econbiz.de/10012834971

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