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Specialized Insolvency Regimes for Islamic Banks : Regulatory Prerogative and Process Design
Abdelhady, Hdeel - 2016
Persistent link: https://www.econbiz.de/10013002875
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Liquidity, Systemic Risk, and the Bankruptcy Treatment of Financial Contracts
Mokal, Riz - 2016
Persistent link: https://www.econbiz.de/10013002918
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Bankruptcies of Small Firms and Lending Relationship
Shimizu, Katsutoshi - 2012
This paper empirically investigates the role played by relatively small banks in the Japanese local credit market. We test the hypothesis that small banks enhance the recovery rate from the financial distress and reduce the bankruptcy ratio of small firms. Empirical evidence suggests that small...
Persistent link: https://www.econbiz.de/10013102565
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Collateral-Enhanced Default Risk
Kenyon, Chris - 2013
Changes in collateralization have been implicated in significant default (or near-default) events during the financial crisis, most notably with AIG. We have developed a framework for quantifying this effect based on moving between Merton-type and Black-Cox-type structural default models. Our...
Persistent link: https://www.econbiz.de/10013087656
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Dimensions of Bank Capital Regulation : A Cross-Country Analysis
Marinc, Matej - 2014
This paper identifies the main dimensions of capital regulation. We use survey data from 142 countries from the World … Bank's (2013) database covering various aspects of bank regulation. Using multiple explorative factor analysis, we identify …
Persistent link: https://www.econbiz.de/10013053245
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Conceptualizing the Failure of Financial Institutions and the Role of Risk Management in Averting Failure : The CLS Model
Bezis, Justin N. - 2013
The failure of financial institutions is often depicted as an externally-driven event in which certain triggers almost inevitably lead to the collapse of the firm. In contrast, this paper views institutional failure as a multistage process in which precautionary measures taken by the firm can...
Persistent link: https://www.econbiz.de/10013089043
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Why Prudential Regulation Will Fail to Prevent Financial Crises : A Legal Approach
Prates, Marcelo - 2014
In this paper, I suggest that the regulation of the financial system, especially if the aim is to prevent financial crises, should be focused on dealing with the consequences of the crises, not on trying to avoid their causes, although it may seem counterintuitive at first sight. Contrary to the...
Persistent link: https://www.econbiz.de/10013061343
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The Convergence of Insurance with Banking and Securities Industries, and the Limits of Regulatory Arbitrage in Finance
Turk, Matthew C. - 2016
This article examines the regulatory challenges raised by recent, overlooked changes in insurance markets that have led to a functional convergence between insurance and the broader financial sector.The law literature on financial regulation last addressed the issue of convergence over a decade...
Persistent link: https://www.econbiz.de/10013006171
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Forbearance, Prompt Closure, and the Valuation of Bank Subordinated Debt
Chen, Yehning - 2012
This study develops a multi-period structural model to value bank subordinated debt (subdebt) under different … risks, bank characteristics and regulatory policies affect subdebt prices and yield spreads. It finds that the … have the opposite effects. Also, subdebt spreads are less sensitive to bank risk when PCA is imposed than when capital …
Persistent link: https://www.econbiz.de/10013101079
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Financial Armageddon Routs Law Again
Georgakopoulos, Nicholas L. - 2013
This essay, after highlighting the unique aspects of financial markets, offers a mostly rational account for financial crises, centering on the 2008 crisis as an example. Market participants may overestimate the duration of high productivity growth due to new technologies and produce occasional...
Persistent link: https://www.econbiz.de/10013077939