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Gelpern, Anna - 2013

headlines since 2010. Events now known as banking or government debt crises often have had elements of both, and could have gone … banking crises as banks were for resolving sovereign debt crises. As capital movements have become more rapid and global, the …

Persistent link: https://www.econbiz.de/10013074254

Comap : Mapping Contagion in the Euro Area Banking Sector

Covi, Giovanni - 2019

the global banking system. Drawing on a unique dataset, the paper documents the degree of interconnectedness and systemic … risk of the euro area banking system based on bilateral linkages. We develop a Contagion Mapping model fully calibrated … tipping points shifting the euro area banking system from a less vulnerable state to a highly vulnerable state are a non …

Persistent link: https://www.econbiz.de/10012864120

Follow the money : compensation, risk, and the financial crisis

Larcker, David F.; Ormazabal, Gaizka; Tayan, Brian; … - 2014

This Closer Look illustrates the relation between executive compensation and organizational risk through the context of the financial crisis of 2008. We demonstrate that the incentives that bankers had to increase firm risk not only increased but increased substantially in the years preceding...

Persistent link: https://www.econbiz.de/10011524459

Political connections and the informativeness of insider trades

Jagolinzer, Alan D.; Larcker, David F.; Ormazabal, Gaizka; … - 2016

We analyze the trading of corporate insiders at leading financial institutions during the 2007 to 2009 financial crisis. We find strong evidence of a relation between political connections and informed trading during the period in which TARP funds were disbursed, and that the relation is most...

Persistent link: https://www.econbiz.de/10011547637

On the Political Economy and Limits of Crisis Insurance : The Case of the 2008–11 Bailouts

Congleton, Roger D. - 2011

The bailouts of 2008–10 are the most recent in a long series of in-surance-like policies designed to limit the losses of those harmed by a crisis of some kind — but enacted after a crisis is under way. This paper analyzes the economics and politics of “crisis insurance” programs. The...

Persistent link: https://www.econbiz.de/10013132518

From Low-Quality Reporting to Financial Crises : Politics of Disclosure Regulation Along the Economic Cycle

Bertomeu, Jeremy - 2011

This paper examines how financial reporting regulations affect, and respond to, macroeconomic cycles by exploring a positive framework in which regulators subject to political pressures respond to cyclical demands by borrowers and lenders. We establish that, as economic conditions initially...

Persistent link: https://www.econbiz.de/10013132924

The 2008 Financial Crisis and Its Aftermath : Addressing the Next Debt Challenge

Russo, Thomas A. - 2010

We continue to struggle with the legacy of the 2008 financial crisis, which was fundamentally caused by the incurrence of too much leverage on the part of all economic participants, including individuals, private firms and financial institutions, and governments. Despite continued high...

Persistent link: https://www.econbiz.de/10013136652