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Financing as a supply chain : the capital structure of banks and borrowers
Gornall, Will; Strebulaev, Ilya A. - 2013
We develop a model of the joint capital structure decisions of banks and their borrowers. Strikingly high bank leverage … take on high leverage safely; supply chain effects compel them to do so. Firms with low leverage also arise naturally, as … framework underlie our model, we can quantify the impact capital regulation and other government interventions have on leverage …
Persistent link: https://www.econbiz.de/10010259793
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Systemic risk spillovers in the European banking and sovereign network
Betz, Frank; Hautsch, Nikolaus; Peltonen, Tuomo; … - 2014
the European sovereign debt crisis and how it is reflected in network statistics and systemic risk measures. Illustrating …
Persistent link: https://www.econbiz.de/10010411283
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Systemic risk spillovers in the European banking and sovereign network
Betz, Frank; Hautsch, Nikolaus; Peltonen, Tuomo; … - 2016
sector fragmentation and sovereign-bank linkages evolved over the European sovereign debt crisis, and how they are reflected …
Persistent link: https://www.econbiz.de/10011414705
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Bank Failure, Mark-to-Market and the Financial Crisis
Amel-Zadeh, Amir - 2011
This paper is concerned with the allegation that fair value accounting rules have contributed significantly to the recent financial crisis. It focuses on one particular channel for that contribution: the impact of fair value on actual or potential failure of banks. The paper compares four...
Persistent link: https://www.econbiz.de/10013134255
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European Banks’ Legal Provisions and Financial Crises : The Influence of Corporate Governance and Institutional Environment
Gallud Cano, Jorge - 2020
We study the legal provisions of 92 European systemic banks from 18 countries over the years 2008-2017. Since legal provisions may be viewed as a mechanism for disclosing information to capital markets, the creation of legal provisions is determined by the risk taken by the bank and the...
Persistent link: https://www.econbiz.de/10012833390
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Tail Systemic Risk and Banking Network Contagion : Evidence from the Brazilian Banking System
Rivera-Castro, Miguel - 2018
In this study the tail systemic risk of the Brazilian banking system is examined, using the conditional quantile as the risk measure. Multivariate conditional dependence between Brazilian banks is modelled with a vine copula hierarchical structure. The results demonstrate that Brazilian...
Persistent link: https://www.econbiz.de/10012935520
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Bank Runs and the Repo Market
Schilling, Linda - 2018
. On the other hand, entering in a repo increases the future debt burden of the bank. We show, if the competitive repo …
Persistent link: https://www.econbiz.de/10012936019
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Corporate Governance Failures as a Reason for UK Banking Crisis
Abdumavlonov, Abduvali Abdusalomovich - 2018
The present research paper aims to explore the corporate governance failures which acted as a reason for the crisis of 2008 and examine the possibility of creation of more effective corporate governance model by convergence. For the purpose of clarity and efficiency of the research, it focuses...
Persistent link: https://www.econbiz.de/10012940210
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A Poisonous (?) Mix : Bail-Out of Credit Institutions Combined with Bail-In of Their Liabilities Under the BRRD – The Use of ‘Government Financial Stabilisation Tools’ (GFSTs)...
Gortsos, Christos - 2016
Articles 37(10) and 56-58 of Directive 2014/59/EU of the European Parliament and of the Council, of 15 May 2014, “establishing a framework for the recovery and resolution of credit institutions and investment firms (...)” (hereinafter the ‘BRRD') govern the provision of ‘extraordinary...
Persistent link: https://www.econbiz.de/10012978464
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Systemic Risk Spillovers in the European Banking and Sovereign Network
Betz, Frank - 2014
the European sovereign debt crisis and how it is reflected in network statistics and systemic risk measures. Illustrating …
Persistent link: https://www.econbiz.de/10013046470