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Contagion and the beginning of the crisis - Pre-Lehman period
Király, Júlia; Nagy, Márton; Szabó, Viktor E. - 2008
This paper provides an overview of the antecedents, main drivers and spillover mechanisms of the turbulence emanating … paper concludes that the primary causes of the turmoil were a persistently low international interest rate environment and … thebursting of asset price bubbles collectively were responsible for the magnitude of the distress. The spillover from the turmoil …
Persistent link: https://www.econbiz.de/10010322410
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Contagion and the beginning of the crisis - pre-Lehman period
Király, Júlia (contributor); Nagy, Márton (contributor);  … - 2008
risk premia and reduced access to credit. -- sub-prime ; turmoil ; turbulence ; mortgage credit …This paper provides an overview of the antecedents, main drivers and spillover mechanisms of the turbulence emanating … paper concludes that the primary causes of the turmoil were a persistently low international interest rate environment and …
Persistent link: https://www.econbiz.de/10003774189
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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
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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
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The Timeliness of Accounting Write-Downs by U.S. Financial Institutions During the Financial Crisis of 2007-2008
Vyas, Dushyantkumar - 2011
I examine the timeliness of write-downs taken by U.S. financial institutions during the financial crisis of 2007–2008. The timeliness of write-downs is measured by benchmarking the quarterly accounting write-down schedule with the devaluation schedule implied by exposure-specific credit...
Persistent link: https://www.econbiz.de/10013134277
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Reading About the Financial Crisis : A 21-Book Review
Lo, Andrew W. - 2012
The recent financial crisis has generated many distinct perspectives from various quarters. In this article, I review a diverse set of 21 books on the crisis, 11 written by academics, and 10 written by journalists and one former Treasury Secretary. No single narrative emerges from this broad and...
Persistent link: https://www.econbiz.de/10013113705
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The Financial Sector, Economic Crisis and Recession : Discourses on Corporate Social Ir/Responsibility
Herzig, Christian - 2012
The financial crisis has brought about dramatic consequences for economies and societies. Questions emerge about responsibility for the crisis and, implicitly or explicitly irresponsibility; the obligations to take responsibility for the costs and other adverse effects of the recession; and the...
Persistent link: https://www.econbiz.de/10013103174
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Dodd-Frank, Securitization, and the Subprime Mortgage Crisis
Hoffman, Stephen P. - 2013
There are few things more constant in life than the rise and fall of financial markets. When markets crash, however, we are forced to restore them while learning from our mistakes. In the wake of the recent subprime mortgage crisis, Congress has drastically but deservedly overhauled the...
Persistent link: https://www.econbiz.de/10013090228
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Bankers’ Pay after the 2008 Crisis : Regulatory Reforms in the US and the EU
Ferrarini, Guido - 2013
We examine the political dynamics which led to the codification of the Principles and Standards for sound compensation practices at financial institutions at international (G 20) level and to their subsequent implementation on both sides of the Atlantic. We show that the regulation of bankers'...
Persistent link: https://www.econbiz.de/10013091649
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Directors' Remuneration Before and after the Crisis : Measuring the Impact of Reforms in Europe
Barontini, Roberto - 2014
Persistent link: https://www.econbiz.de/10013064153