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predominantly by macroeconomic conditions and the strength of the sovereign and their institutional relationship with other ‘bank …
Persistent link: https://www.econbiz.de/10012437049
On 16th November 2009, SUERF, CEPS and the Belgian Financial Forum coorganized a conference "Crisis management at cross-roads" in Brussels. All papers in the present volume are based on contributions at the conference and the SUERF Annual Lecture which followed the event.
Persistent link: https://www.econbiz.de/10011706117
I study the relation between shadow banking and financial stability in an economy in which banks are susceptible to self-fulfilling runs and in which government-backed deposit insurance is limited. Shadow banks issue only uninsured deposits while commercial banks issue both insured and uninsured...
Persistent link: https://www.econbiz.de/10012135982
anticipation of this bailout undermines a bank's private incentive to impose a bail-in. In the resulting equilibrium, bail-ins are …
Persistent link: https://www.econbiz.de/10012418049
We study bank runs using a novel historical cross-country dataset that covers 184 countries over the past 200 years and … combines a new narrative chronology with statistical indicators of bank deposit withdrawals. We document the following facts …: (i) the unconditional likelihood of a bank run is 1.2% and that of significant deposit withdrawals 12.7%; (ii …
Persistent link: https://www.econbiz.de/10015052095
This paper studies the relationship between liquidity demand risk, deposit diversification and insurance in 12 countries during the period 2005-2014. We capture liquidity risk by focusing on the unfunded loan commitments. We find that higher diversification in the deposit base can reduce the...
Persistent link: https://www.econbiz.de/10012903002
Persistent link: https://www.econbiz.de/10012025017
This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of …
Persistent link: https://www.econbiz.de/10013068419
We examine the moral hazard effects of bank recapitalizations by assessing the impact of the U.S. TARP program on … market discipline exerted by subordinated debt-holders using a sample of 123 bank holding companies over the period 2004 …
Persistent link: https://www.econbiz.de/10013013698
This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of …
Persistent link: https://www.econbiz.de/10013055384