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We examine which traditional asset pricing variables together with bank-specific accounting variables explain the cross …-sectional variation of future bank stock returns, using a firm-level data of eight Asian countries. Our empirical evidence shows that … exchange rate risk, firm size, the book-to-market ratio, and the net income ratio are important in explaining future bank stock …
Persistent link: https://www.econbiz.de/10011568360
Persistent link: https://www.econbiz.de/10013159841
We analyze link between mortgage-related regulatory penalties levied on banks and the level of systemic risk in the U.S. banking industry. We employ a frequency decomposition of volatility spillovers to draw conclusions about system-wide risk transmission with short-, medium-, and long-term...
Persistent link: https://www.econbiz.de/10012061369
In 2007 the world faced one of the biggest financial crises ever. It was the third important financial crisis in the last 12 years. Spillovers to the real economy and moral hazard behaviour of carpetbaggers resulted in enormous pressure on worldwide political institutions to approve a more...
Persistent link: https://www.econbiz.de/10008695393
Finanzkrise vorgeschlagen oder bereits politisch umgesetzt worden sind. …
Persistent link: https://www.econbiz.de/10003922564
Two factors have proven to be strongly relevant for the subprime mortgage crisis. The first is the lack of screening incentives of originators, which had not been anticipated by investors. The second is that investors relied too much on credit ratings. We examine whether investors have learned...
Persistent link: https://www.econbiz.de/10009569587
This article is an informal, conversation-styled retrospective piece on the recent global financial (nee US subprime mortgage) crisis. In lieu of formally enumerating the root causes or reform recommendations, the article observes subtle patterns of crisis dynamics and presents these qualitative...
Persistent link: https://www.econbiz.de/10013138139
This article describes the causes of the boom and bust in the U.S. housing market, which brought down not just the U.S. financial system but the global economy. How did this vicious cycle begin? How did home prices appreciate so far and so fast? Why did rational investors not recognize and stop...
Persistent link: https://www.econbiz.de/10013116835
future empirical research for preventing bank failures and financial crises …
Persistent link: https://www.econbiz.de/10013152444
research that might help to prevent bank failures and financial crises …
Persistent link: https://www.econbiz.de/10013153336