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The UBS-Credit Suisse Merger : Helvetia's Gift
Böni, Pascal; Kroencke, Tim-Alexander; Vasvari, Florin P. - 2023
at the expense of taxpayers: the merger-bailout has increased Switzerland’s sovereign credit risk, resulting in an …
Persistent link: https://www.econbiz.de/10014349670
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Is size everything?
Antill, Samuel; Sarkar, Asani - 2018
time series and the cross section. TSIZE-implied subsidies increase around the bailout of Continental Illinois in 1984 and …
Persistent link: https://www.econbiz.de/10011894404
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Toxic asset subsidies and the early redemption of talf loans
Wilson, Linus - In: International Journal of Financial Studies : open … 10 (2022) 2, pp. 1-20
This paper develops a formula to numerically estimate the unsubsidized, fair-market value of the toxic assets purchased with Federal Reserve loans. It finds that subsidy rates on these loans were on average 33.9 percent at origination. In contrast, by the 3rd quarter of the 2010, there was on...
Persistent link: https://www.econbiz.de/10013252762
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Interbank network and bank bailouts : insurance mechanism for non-insured creditors?
Eisert, Tim; Eufinger, Christian - 2014
This paper presents a new theory that explains why it is beneficial for banks to be highly interconnected and to engage in herding behavior. It shows that these two important causes of systemic risk are interdependent and thus cannot be considered in isolation. The reason is that banks have an...
Persistent link: https://www.econbiz.de/10012061003
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Can asset reconstruction companies (ARCs) be part solution to the Indian debt problem?
Bhagwati, Jaimini; Khan, M. Shuheb; Bogathi, … - 2017
The Indian debt overhang issue is one of the major reasons that fresh investments are currently not being made in the scale required to promote higher growth and boost employment. Among banks the public sector banks (PSBs) are burdened with the bulk of net non-performing loans (NNPAs). These...
Persistent link: https://www.econbiz.de/10011638458
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'Stocks Demand Curves and TARP Returns'
Wilson, Linus - 2012
temporarily, eating into taxpayers' returns from those bailout investments …
Persistent link: https://www.econbiz.de/10013115939
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Information Spillover of Bailouts
Kim, Hugh Hoikwang - 2018
This paper investigates the information spillover effect of government bailouts. Analyzing money market funds' dynamic enrollment status in the U.S. Treasury Temporary Guarantee Program in 2008, this paper finds that enrolled funds had overall positive fund flows, implying that the stability...
Persistent link: https://www.econbiz.de/10012938383
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Impact of Government Bailout on Banks' Cost of Equity : Additional Evidence from the Financial Bailout of 2008-2009
Wang, Daphne - 2020
liquidity provided by the government bailout reduced the cost of equity for recipient banks, especially for those banks that … repaid their bailout funds in full. The decrease in the cost of equity is particularly significant for banks with high market … important implications for the assessment of government bailout programs and future regulation of financial institutions …
Persistent link: https://www.econbiz.de/10012841209
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Credit Insurance, Bailout and Systemic Risk
Kishore, Kaushalendra - 2018
This paper studies the impact of expectation of bailout of a credit insurance firm on the investment strategies of the … correlated investments ex ante. All banks want their assets to fail exactly at the time when the bailout is occurring to … indirectly benefit from the bailout of the insurance firm and hence they make correlated investments. I build a model in which …
Persistent link: https://www.econbiz.de/10012907457
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The (Un)Desired Effects of Government Bailouts : The Impact of TARP on the Interbank Market and Bank Risk-Taking
Behr, Patrick - 2019
We analyze how the inflow of liquidity through TARP funds in the wake of the 2007/2008 financial crisis impacted banks' interbank market activity. We show that TARP banks increased interbank market activity statistically and economically in a very significant way. Their interbank lending...
Persistent link: https://www.econbiz.de/10012899090