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Bailouts and Financial Fragility
Keister, Todd - 2012
resources to augment the private consumption of those investors facing losses. The anticipation of such a “bailout” distorts ex …
Persistent link: https://www.econbiz.de/10013115675
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Bailouts and Financial Fragility
Keister, Todd - 2022
transfers that partially cover intermediaries' losses. The anticipation of this bailout distorts ex ante incentives, leading …
Persistent link: https://www.econbiz.de/10013403753
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Bailouts and financial fragility
Keister, Todd - 2014
resources to augment the private consumption of those investors facing losses. The anticipation of such a "bailout" distorts ex …
Persistent link: https://www.econbiz.de/10010251667
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Bailouts and Bank Runs
Zhang, Yu - 2015
This paper analyzes the effects of government bailouts in a modified Diamond-Dybvig model. Following Keister (2010), my model includes both a private good and a public good. Bailouts are assumed to crowd out pub- lic good provision and improve the ex-post allocation of resources during a bank...
Persistent link: https://www.econbiz.de/10013010984
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Bank rescues and bailout expectations : the erosion of market discipline during the financial crisis
Hett, Florian; Schmidt, Alexander - 2013
We show that market discipline, defined as the extent to which firm specific risk characteristics are re ected in market prices, eroded during the recent financial crisis in 2008. We design a novel test of changes in market discipline based on the relation between firm specific risk...
Persistent link: https://www.econbiz.de/10010226557
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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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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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Bank Bailouts in Europe and Bank Performance
Gerhardt, Maria - 2018
equity ratio, loan quality and bank size are the main determinants of bank bailout involvement. However, the aided banks …
Persistent link: https://www.econbiz.de/10012934952
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Abolishing public guarantees in the absence of market discipline
Körner, Tobias; Schnabel, Isabel - 2012
the resulting drop in bank charter values translated into higher risk-taking at German savings banks. -- Public bail-out …
Persistent link: https://www.econbiz.de/10009664941
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Catch, restrict, and release: the real story of bank bailouts
Berger, Allen N.; Nistor, Simona; Ongena, Steven; … - 2020
Bank bailouts are not the "one-shot" events commonly described in the literature. These bailouts are instead dynamic processes in which regulators "catch" financially distressed banks; "restrict" their activities over time; and "release" the banks from restrictions at sufficiently healthy capital...
Persistent link: https://www.econbiz.de/10012224131