Showing 1 - 10 of 3,258
This paper examines the negative externalities that may occur when a large bank fails, describes the nature of those … directed first at closing institutions promptly, reforming bankruptcy statutes to admit special procedures for handling bank …
Persistent link: https://www.econbiz.de/10003730539
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
how a bailout fund financed through a tax on bank dividends could resolve bailouts without public money and without …We present a dynamic, continuous-time model in which risk averse inside equityholders set a bank's lending, payout, and … financing policies, and the exposure of bank assets to crashes. The effect of the prevailing insolvency resolution mechanism …
Persistent link: https://www.econbiz.de/10012900014
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/10011554963
Persistent link: https://www.econbiz.de/10012963587
How do resolution frameworks affect the private restructuring of distressed banks? We model a distressed bank …
Persistent link: https://www.econbiz.de/10012118187
Persistent link: https://www.econbiz.de/10014529586
Persistent link: https://www.econbiz.de/10014231836
Persistent link: https://www.econbiz.de/10012168966
This paper develops a debt-run model to study the effects of liquidity injections on debt markets in the presence of a renegotiation option. In the model, creditors decide when to withdraw their funding and equityholders can renegotiate the contract terms of debt. We show that when equityholders...
Persistent link: https://www.econbiz.de/10015055030