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The UBS-Credit Suisse Merger : Helvetia's Gift
Böni, Pascal; Kroencke, Tim-Alexander; Vasvari, Florin P. - 2023
at the expense of taxpayers: the merger-bailout has increased Switzerland’s sovereign credit risk, resulting in an …
Persistent link: https://www.econbiz.de/10014349670
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Financial Stability, Resolution of Systemic Banking Crises and COVID-19 : Toward an Appropriate Role for Public Support and Bailouts
Arner, Douglas W. - 2020
A wide range of approaches has been applied to address banking and other financial crises. The nature of the approach depends on the nature of the crisis, its origins, evolution and context. Systemic banking crises are among the most common and costly to address. The experiences of the three...
Persistent link: https://www.econbiz.de/10012826832
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Is size everything?
Antill, Samuel; Sarkar, Asani - 2018
time series and the cross section. TSIZE-implied subsidies increase around the bailout of Continental Illinois in 1984 and …
Persistent link: https://www.econbiz.de/10011894404
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Analysis of Main Instruments of Crisis Regulation of Banking Activity During the Global Financial Crisis of 2008-2009
Afanasyeva, Olga - 2014
This paper investigates the role and necessity of system of crisis management of banking activity in present-day conditions. Particular attention is paid to the crisis management that is realised on the level of government and central bank. An overview and comparison of major anti-crisis...
Persistent link: https://www.econbiz.de/10013040469
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Bailouts and Moral Hazard : How Implicit Government Guarantees Affect Financial Stability
Mariathasan, Mike - 2014
The recent crisis has shown that systemically relevant banks in distress are likely to benefit from governmental support. This reduces their downside risk and leads to moral hazard, i.e. to incentives for these banks to assume excessive risks. In this paper we show empirically that implicit...
Persistent link: https://www.econbiz.de/10013049033
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Did Connected Hedge Funds Benefit From Bank Bailouts During the Financial Crisis?
Faff, Robert W. - 2019
We examine whether connected hedge funds (i.e. those that are prime-brokerage clients of bailout banks) benefited from … bailout programs initiated in seven countries during the 2007–2009 financial crisis. We find that being connected to a bailout … smaller during the post bailout period, for example, due to the greater risk-taking and higher leverage of such funds …
Persistent link: https://www.econbiz.de/10012906178
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Restructuring an Insolvent Bank
Cetin, Nusret - 2014
Banks are regarded as special institutions, and regulated and supervised heavily than other institutions. However, regulation and supervision cannot achieve zero failure regimes. Banks fail like any other commercial entities, and will continue to fail. Failure of a bank may trigger formal...
Persistent link: https://www.econbiz.de/10013052778
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Lessons from the European financial crisis
Pagano, Marco - 2014
This paper distils three lessons for bank regulation from the experience of the 2009-12 euro-area financial crisis. First, it highlights the key role that sovereign debt exposures of banks have played in the feedback loop between bank and fiscal distress, and inquires how the regulation of...
Persistent link: https://www.econbiz.de/10010424982
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Home country versus cross-border negative externalities in barge banking organization failures and how to avoid them
Eisenbeis, Robert A. (contributor) - 2006
This paper examines the negative externalities that may occur when a large bank fails, describes the nature of those externalities, and explores whether they may be greater in a case involving a large cross-border banking organization. The analysis suggests that the chief negative externalities...
Persistent link: https://www.econbiz.de/10003730539
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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