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Competition and bank stability
Götz, Martin - 2016
Does an increase in competition increase or decrease bank stability? I exploit how the state-specific process of interstate banking deregulation lowered barriers to entry into urban banking markets and find that greater competition significantly increases bank stability. This result is robust to...
Persistent link: https://www.econbiz.de/10011559788
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Knightian uncertainty and credit cycles
Gerba, Eddie; Żochowski, Dawid - 2017
. Financial stability is achieved with an LTV-cap regulation which smooths the leverage cycles through quantity (higher equity …
Persistent link: https://www.econbiz.de/10011656163
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Bankers’ Pay after the 2008 Crisis : Regulatory Reforms in the US and the EU
Ferrarini, Guido - 2013
Atlantic. We show that the regulation of bankers' pay is presently more detailed and less flexible in Europe than in the US …
Persistent link: https://www.econbiz.de/10013091649
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Regulatory Reform and Productivity Change in Indian Banking
Zhao, Tianshu - 2009
This paper examines the impact of regulatory reform on TFP growth and its sources and on the relationship between ownership and cost efficiency for Indian banks in 1992-2004. The methodology consists of the joint use of parametric and non-parametric techniques to estimate efficiency frontiers....
Persistent link: https://www.econbiz.de/10013155302
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Competition and Bank Liquidity Creation
Jiang, Liangliang - 2017
Although liquidity creation is a key banking function, little is known about its determinants. We use a new identification strategy to assess whether an intensification of competition among banks increases or decreases liquidity creation. Consistent with the predictions of some theoretical...
Persistent link: https://www.econbiz.de/10012969567
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Who Wins and Who Loses from Bank Geographic Deregulation? Analysis of Financially Constrained and Unconstrained Firms
Berger, Allen N. - 2020
A key issue in the finance-growth nexus literature is endogeneity – economic growth may drive finance as well as finance driving growth. Some research addresses endogeneity using relatively exogenous shocks from U.S. bank geographic deregulation, often documenting favorable economic effects....
Persistent link: https://www.econbiz.de/10012852222
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The Deregulation of the Private Equity Markets and the Decline in IPOs
Ewens, Michael - 2020
The deregulation of securities laws—in particular the National Securities Markets Improvement Act (NSMIA) of 1996—has increased the supply of private capital to late-stage private startups, which are now able to grow to a size that few private firms used to reach. NSMIA is one of a number of...
Persistent link: https://www.econbiz.de/10012853930
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Does Competition Affect Bank Risk?
Jiang, Liangliang - 2020
theoretical perspectives and empirical results on the impact of competition on risk. In this paper, we employ a new approach for … competition materially boosts individual and systemic bank risk. With respect to the mechanisms, we find that competition reduces …
Persistent link: https://www.econbiz.de/10012854777
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Compensation Vega, Deregulation and Risk-Taking : Lessons from the U.S. Banking Industry
Belkhir, Mohamed - 2010
This study examines three issues related to the sensitivity of bank CEO compensation to risk, or vega: (1) its … relevance compared with CEO compensation vega in industrial firms; (2) its determinants; and (3) its effect on bank risk … higher sensitivity to risk. Finally, our analyses show that BHCs in which CEOs receive a higher compensation vega assume a …
Persistent link: https://www.econbiz.de/10013147144
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Effect of Group Affiliation, Ownership Structures, and New Entries on Efficiency : Lessons from the Japanese Life Insurance Industry after Deregulation
Yanase, Noriyoshi - 2010
Deregulation and the succeeding changes, such as forming group affiliation, demutualization, and new entry from foreign countries, are widespread and worldwide phenomenon in the life insurance industry. This study examines impacts of the deregulation and the succeeding changes on efficiency of...
Persistent link: https://www.econbiz.de/10013147511