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The UBS- Credit Suisse (CS) merger in March 2023, one of the biggest banking unions in history, was an emergency rescue deal engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. The merger resulted in a significant increase in the combined stakeholder net...
Persistent link: https://www.econbiz.de/10014349670
-important-to-fail (“TITF"). These institutions have become bigger and more complex since the crisis, and risky practices have started to …
Persistent link: https://www.econbiz.de/10013124367
Firm political contributions are associated with lower credit default swap spreads for contributing firms. To address endogeneity, we employ novel instruments and use a set of exogenous events on campaign contribution restrictions: (a) the passage of the Bipartisan Campaign Reform Act (BCRA)...
Persistent link: https://www.econbiz.de/10011955864
This article explores the link between the subprime crisis and the European sovereign debt crisis. Using a panel data … sovereign debts under study. This empirical result can explain why the sovereign debt crisis immediately followed the subprime … crisis. …
Persistent link: https://www.econbiz.de/10011048803
In hindsight of the 2008 crisis, the conspicuous underestimation of systemic risk has turned into a strong incentive …
Persistent link: https://www.econbiz.de/10012146184
of England during the mid-nineteenth century adhered to Walter Bagehot's rule that a central bank in a financial crisis … rate above pre-crisis levels and, in 1857 and 1866, typically at a spread above Bank Rate, though we also find some …
Persistent link: https://www.econbiz.de/10011748529
Persistent link: https://www.econbiz.de/10012967860
crisis, appearing both as a uniform rise in, and a heightened risk sensitivity of, sub-debt spreads during the crisis …
Persistent link: https://www.econbiz.de/10013013698
financial crisis, public support became the standard response to save the banks in difficulty, heightening and broadening the …
Persistent link: https://www.econbiz.de/10013120058
Persistent link: https://www.econbiz.de/10013186879