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Bank rescues and bailout expectations : the erosion of market discipline during the financial crisis

Hett, Florian; Schmidt, Alexander - 2013

We show that market discipline, defined as the extent to which firm specific risk characteristics are re ected in market prices, eroded during the recent financial crisis in 2008. We design a novel test of changes in market discipline based on the relation between firm specific risk...

Persistent link: https://www.econbiz.de/10010226557

Quo vadis, euroland? European Monetary Union between crisis and reform

Hellwig, Martin - 2011

This lecture discusses the 2010 crisis of the European Monetary Union and draws some lessons for reform. Crisis resolution has been difficult because the sovereign debt crisis of countries like Greece and Portugal has come together with real-estate and banking crises in countries like Ireland...

Persistent link: https://www.econbiz.de/10009153317

U.S. Bank Structure, Fragility, Bailout, and Failure during the U.S. Financial Crisis

Lu, Wenling - 2016

This paper examines the impact of charter type, holding company structure, and measures of bank fragility on the likelihood of a bank bailout or failure during the late 2000s financial crisis. The empirical results indicate that established institutions were more likely to fail if they were...

Persistent link: https://www.econbiz.de/10013008003

Bank Bailouts in Europe and Bank Performance

Gerhardt, Maria - 2018

During the financial crisis, 114 European banks benefited from government support in Europe. We investigate the financial condition of banks before and after receiving state support using logit regressions. Our results indicate that the equity ratio, loan quality and bank size are the main...

Persistent link: https://www.econbiz.de/10012934952

U.S. v. Japanese Regulatory Responses to the Financial Institution Crises of the 1980s : The Seductive Appeal of the Cover Up

Black, William K. - 2010

Economists have dominated U.S. scholarship about the S&L debacle and they have universally viewed the regulatory response as horrific. This paper argues that the conventional economic wisdom is badly flawed. The U.S. regulatory response to the debacle was disastrous – when economists shaped it...

Persistent link: https://www.econbiz.de/10013148988

Do short sellers exploit the persistent risk culture of banks? Evidence from two banking crises

Bui, Dien Giau; Lin, Chih-Yung; Lin, Tse-Chun - 2020

We find that changes in short interest predict banks’ stock returns during two recent banking crises. Furthermore, before the 2007-2008 crisis, short interest increased more for banks with worse performance during the Long-Term Capital Management crisis of 1998. We also find that changes in...

Persistent link: https://www.econbiz.de/10014352410

Banks' Great Bailout of 2008-2009

Fratianni, Michele U. - 2014

This paper examines government policies aimed at rescuing banks from the effects of the financial crisis of 2007-2009. To delimit the scope of the analysis, we concentrate on the fiscal side of interventions and ignore, by design, the monetary policy reaction to the crisis. The policy response...

Persistent link: https://www.econbiz.de/10013070257

The Banking Bailout of the Subprime Crisis : Size and Effects

Fratianni, Michele U. - 2014

This paper examines government policies aimed at rescuing banks from the effects of the great financial crisis of 2007-2009. To delimit the scope of the analysis, we concentrate on the fiscal side of interventions and ignore, by design, the monetary policy reaction to the crisis. The policy...

Persistent link: https://www.econbiz.de/10013068201

Financial reforms and financial fragility : a panel data analysis

Iftikhar, Syed Faizan - In: International Journal of Financial Studies : open … 3 (2015) 2, pp. 84-101

This paper explores the relationship between financial reforms, financial liberalization and the quality of banking regulation and supervision for financial fragility by applying a dynamic two-step system generalized method of moments GMM panel estimator technique. The finding of this study is...

Persistent link: https://www.econbiz.de/10011308529

The rents of banking : a public choice approach to bank regulation

Buck, Florian Christopher - 2015

recent financial crisis. The crisis sparked a growing interest in understanding how and why we have created a world of large … Finanzkrise viel Aufmerksamkeit bei Politikern und Wirtschaftswissenschaftlern erfahren. Wie und warum konnte es zur Entstehung … geschaffenen Renten des Bankensektors. Die Arbeit diskutiert die zentralen Wechselwirkungen zwischen Bankenregulierung …

Persistent link: https://www.econbiz.de/10011742914