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Bank rescues and bailout expectations : the erosion of market discipline during the financial crisis

Hett, Florian; Schmidt, Alexander - 2013

We show that market discipline, defined as the extent to which firm specific risk characteristics are re ected in market prices, eroded during the recent financial crisis in 2008. We design a novel test of changes in market discipline based on the relation between firm specific risk...

Persistent link: https://www.econbiz.de/10010226557

Bank Rescues and Bailout Expectations : The Erosion of Market Discipline During the Financial Crisis

Hett, Florian - 2016

spreads, and equity returns. We use our method to analyze the evolution of bailout expectations during the recent financial … crisis. We find that bailout expectations peaked in reaction to government interventions following the failure of Lehman …

Persistent link: https://www.econbiz.de/10013008249

Bank Ownership, Lending, and Local Economic Performance During the 2008-2010 Financial Crisis

Coleman, Nicholas - 2014

While the finance literature often equates government banks with political capture and capital misallocation, these banks can help mitigate financial shocks. This paper examines the role of Brazil's government banks in preventing a recession during the 2008-2010 financial crisis. Government...

Persistent link: https://www.econbiz.de/10013055701

De Facto Bank Bailouts

Ngo, Phong T. H. - 2020

sovereign default -- a de facto bailout. Consistent with this, the likelihood a defaulting sovereign is granted an IMF loan is …

Persistent link: https://www.econbiz.de/10012838768

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

Catch, restrict, and release: the real story of bank bailouts

Berger, Allen N.; Nistor, Simona; Ongena, Steven; … - 2020

Bank bailouts are not the "one-shot" events commonly described in the literature. These bailouts are instead dynamic processes in which regulators "catch" financially distressed banks; "restrict" their activities over time; and "release" the banks from restrictions at sufficiently healthy capital...

Persistent link: https://www.econbiz.de/10012224131

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

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

The SSM at 1

Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016

On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...

Persistent link: https://www.econbiz.de/10011557140

TARP’s Deadbeat Banks

Wilson, Linus - 2012

This paper tests whether poorly capitalized banks with troubled loan books are more likely to miss their bailout … non-cumulative preferred stock are also more likely to be TARP deadbeats. In addition, banks that missed a bailout … dividend in the prior quarter are significantly more likely to miss the next bailout dividend …

Persistent link: https://www.econbiz.de/10013116521

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