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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

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

Legislative Impact on Lending : Credit Risk Management in China

Li, Zhaohua - 2017

The Chinese government established the Act on Commercial Banks 1995 to enforce and regulate commercial banking activities. The government envisaged that the Act, together with other bank reforms, would improve credit risk management practice among commercial banks, hence, prompting the banks to...

Persistent link: https://www.econbiz.de/10012964450

Intervention of Regulatory Bailouts in Loan Partnerships : Evidence of Tarp's Effect on Syndicated Loan Structures

Enkhtaivan, Bolortuya - 2015

This paper is the first to assess the Troubled Asset Relief Program (TARP) at loan level by looking at the structure of loan syndicates. While the purpose of TARP was to stimulate the flow of credit during the economic downturn, the low cost of capital could have functioned as a double-edged...

Persistent link: https://www.econbiz.de/10013012954

Public Recapitalisations and Bank Risk : Evidence from Loan Spreads and Leverage

Brei, Michael - 2014

A number of countries' authorities put in place bank rescue packages using public funds in response to the global financial crisis. Were these public recapitalizations followed by a reduction of risk in banks' loan books? To answer this question, in this paper the balance sheets and syndicated...

Persistent link: https://www.econbiz.de/10013065735

Customers and Investors : A Framework for Understanding Financial Institutions

Merton, Robert C. - 2016

Financial institutions have both investors and customers. Investors, such as those who invest in stocks and bonds or private/public-sector guarantors of institutions, expect an appropriate risk-adjusted return in exchange for the financing and risk-bearing that they provide. Customers of a...

Persistent link: https://www.econbiz.de/10013004624

TARP effect on bank lending behaviour : evidence from the last financial crisis

Puddu, Stefano; Waelchli, Andreas - 2015 - This version: April 2014

Using a unique data set based on US commercial banks and county level loan origination for the period 2005-2010, we measure whether banks that benefited from the Troubled Asset Relief Program (TARP) increase small business loan originations. We propose an identification strategy which exploits...

Persistent link: https://www.econbiz.de/10011410414

A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk

Acharya, Viral V. - 2015

sovereigns and banks for 2007-11, we show that bailouts triggered the rise of sovereign credit risk. We document that post-bailout …

Persistent link: https://www.econbiz.de/10013037894

Market Discipline and Deposit Guarantee : Evidence from Australian Banks

Yan, Xing - 2011

This study examines market discipline in Australian banks and the impact of the 2008 Australian deposit guarantee scheme. Two forms of depositor market discipline were investigated – a quantity impact whereby an increase in bank risk leads to lower deposit volumes, and a price impact whereby...

Persistent link: https://www.econbiz.de/10013121111

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