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Managing stigma during a financial crisis
Anbil, Sriya - 2017
How should regulators design effective emergency lending facilities to mitigate stigma during a financial crisis? I explore this question using data from an unexpected disclosure of partial lists of banks that secretly borrowed from the lender of last resort during the Great Depression. I find...
Persistent link: https://www.econbiz.de/10011708103
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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
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U.S. Bank Structure, Fragility, Bailout, and Failure during the U.S. Financial Crisis
Lu, Wenling - 2016
likelihood of a bank bailout or failure during the late 2000s financial crisis. The empirical results indicate that established … received bailout funds are similar except that holding a large proportion of nonperforming loans reduced the likelihood that a … bank received bailout funds. Overall, these results are consistent with regulators providing bailout funds to banks that …
Persistent link: https://www.econbiz.de/10013008003
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Has "too big to fail" been solved? : a longitudinal analysis of major U.S. banks
Thosar, Satish; Schwandt, Bradley - In: Journal of risk and financial management : JRFM 12 (2019) 1/24, pp. 1-14
In the wake of the global financial crisis that erupted in 2008, there has been extensive commentary and regulatory focus on the 'Too Big to Fail' issue. In this paper, we survey the proposed solutions and regulatory initiatives that have been undertaken. We conduct a longitudinal analysis of...
Persistent link: https://www.econbiz.de/10012022346
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Political connections and the informativeness of insider trades
Jagolinzer, Alan D.; Larcker, David F.; Ormazabal, Gaizka; … - 2016
We analyze the trading of corporate insiders at leading financial institutions during the 2007 to 2009 financial crisis. We find strong evidence of a relation between political connections and informed trading during the period in which TARP funds were disbursed, and that the relation is most...
Persistent link: https://www.econbiz.de/10011547637
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Measuring the capital shortfall of large U.S. banks
Jondeau, Eric; Khalilzadeh, Amir - 2018
We develop a methodology to measure the capital shortfall of commercial banks in a market downturn, which we call stressed expected loss (SEL). We simulate a market downturn as a negative shock on interest rate and credit market risk factors that reflect the banks' market-sensitive assets. We...
Persistent link: https://www.econbiz.de/10011877252
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The quiet run of 2011 : money market funds and the European debt crisis
Chernenko, Sergey; Sunderam, Adi - 2012
We document the consequences of money market fund risk taking during the European sovereign debt crisis. Using a novel data set of security-level holdings of prime money market funds, we show that funds with large exposures to risky Eurozone banks suffered significant outflows between June and...
Persistent link: https://www.econbiz.de/10009507044
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How Did the Financial Crisis Affect Small Business Lending in the U.S.?
Cole, Rebel A. - 2020
We analyze changes in lending by U.S. banks to businesses during 1994 – 2011. We find thatlending to businesses and, in particular, to small businesses, declined precipitously followingonset of the financial crisis. We also examine the relative changes in business lending by banksthat did, and...
Persistent link: https://www.econbiz.de/10012857401
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How Did Bank Lending to Small Business in the United States Fare After the Financial Crisis?
Cole, Rebel A. - 2019
Aggregate bank-loan data reported by the FDIC show that bank lending to small businesses plummeted during 2009-2011 following the collapse of Lehman Brothers in Sep. 2008 and the onset of the financial crisis, and continued to decline during the post-crisis years 2012-2015. However, the number...
Persistent link: https://www.econbiz.de/10012900554
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Bank Lobbying as a Financial Safety Net : Evidence from the Post-Crisis U.S. Banking Sector
Asai, Kentaro - 2020
This paper argues that creditors reflect the financial-safety-net aspect of bank lobbying, plausibly considering the connection between bank lobbying and government bailouts. Using a structural approach, I show that bank lobbying is negatively associated with the occurrence of a run-like...
Persistent link: https://www.econbiz.de/10012852488