The current financial crisis hit the banking giants of the world really hard. It is striking to note that some of the … the stock exchanges. This paper will study whether this reform has really improved bank efficiency. Adopting the DEA (data … envelopment analysis) approach, this paper examines whether IPO (initial public offering) is effective in enhancing bank …

of banks over the period 2005-2011. Using data from the highly state-influenced Russian banking sector, it is documented …

(PIPEs), and TARP. Equity markets were important for bank recapitalization in the crisis, when SEO and PIPE issuance peaked …. We find that bank characteristics predict issuance whereas trading indicators influence issuance type. Large, well … selective. Bank illiquidity was another incentive to issue. Banks with lower trading activity and wider spreads were more likely …

banking sectors due to a missing ability to monitor bank managers. Our results underline that these problems appear to mislead … significantly influencing the risk-taking attitudes of bank managers. Particularly, we intend to substantiate the theory that banks … bank managers showing an unreasonable risk-taking behavior. In a first stage, we rely on a theoretical model explaining …

. At the transition point there is a jumpin risk taking, as private banks do not internalize the social costs of bank … data complementing existing evidence that financial instability is highest when bank control is capturedby small lobbies. …

premature to conclude that 'Too Big to Fail" has been solved, but macro-prudential regulation is now much more effective and …

bank's financing structure. In our model the bank's assets consist of illiquid loans and liquid reserves and are financed … to an exogenous rollover risk. We show that the use of repos inflicts two types of indirect (“shadow”) costs on the bank …'s shareholders: first, it induces the bank to maintain higher liquid reserves in order to alleviate the additional default risk …