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 average no subsidy in TALF loans. The theoretical model is used to …

. Given the implicit nature of the subsidy, I propose a framework that adopts two empirical approaches to assess the quantum … of the subsidies accruing to systemic banks in Canada. The first is based on credit rating agencies' assessment of public …

stressed credit markets and confirms their superior performance in explaining the behavior of Credit Default Swap rates for the …

returns, we estimate the implicit government subsidy for each systemic risk measure, and find that, from 1963 to 2006, only … our big-versus-huge threshold size factor, TSIZE, implies a positive implicit subsidy on average. Further, pre-2007 TSIZE …

This paper attempts to investigate the impact of credit information sharing on bank-specific stock price crash risk …. Using a sample of 1,402 listed-banks in 55 countries for the period 2005-2013, we show that credit information sharing … through public credit registries is negatively associated with future crash risk after controlling for other predictors of …

question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …

question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …

of credit. These and other factors were greatly impacted by the 2009 post-crisis economic environment in Brazil. We … measure the after crisis impacts of subsidized credit on the optimal level of investment of Brazilian firms from the …