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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

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

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

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

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

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

Dealing with financial crises : how much help from research?

Pagano, Marco - 2014

Has economic research been helpful in dealing with the financial crises of the early 2000s? On the whole, the answer is negative, although there are bright spots. Economists have largely failed to predict both crises, largely because most of them were not analytically equipped to understand...

Persistent link: https://www.econbiz.de/10010413174

International Evidence on Government Support and Risk Taking in the Banking Sector

Brandao-Marques, Luis - 2013

Government support to banks through the provision of explicit or implicit guarantees affects the willingness of banks to take on risk by reducing market discipline or by increasing charter value. We use an international sample of rated banks and find that government support is associated with...

Persistent link: https://www.econbiz.de/10013075815

International Evidence on Government Support and Risk Taking in the Banking Sector

Brandao-Marques, Luis - 2013

Government support to banks through the provision of explicit or implicit guarantees affects the willingness of banks to take on risk by reducing market discipline or by increasing charter value. We use an international sample of bank data and government support to banks for the periods...

Persistent link: https://www.econbiz.de/10013080850

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 two main dimensions of capital regulation: complexity...

Persistent link: https://www.econbiz.de/10013053245

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