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Banks and Governments : An Arial View
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
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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
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The Failure of Northern Rock: A multi-dimensional Case Study
Congdon, Tim; Goodhart, Charles A.E.; Eisenbeis, Robert A. - 2009
In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a substantial mortgage lender. In fact, ten years...
Persistent link: https://www.econbiz.de/10011689937
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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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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
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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
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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
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Competition and Crisis in Mortgage Securitization
Simkovic, Michael - 2012
operations to create a single dedicated mortgage securitization agency that would seek to maintain market stability, improve …
Persistent link: https://www.econbiz.de/10013113952
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Market Makers and Vampire Squid : Regulating Securities Markets after the Financial Meltdown
Thompson, Robert B. - 2012
Persistent link: https://www.econbiz.de/10013114104