Similar Search Results

The Failure of Northern Rock: A multi-dimensional Case Study

Congdon, Tim; Goodhart, Charles A.E.; Eisenbeis, Robert A. - 2009

In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a substantial mortgage lender. In fact, ten years...

Persistent link: https://www.econbiz.de/10011689937

The SSM at 1

Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016

On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...

Persistent link: https://www.econbiz.de/10011557140

TARP’s Deadbeat Banks

Wilson, Linus - 2012

This paper tests whether poorly capitalized banks with troubled loan books are more likely to miss their bailout … non-cumulative preferred stock are also more likely to be TARP deadbeats. In addition, banks that missed a bailout … dividend in the prior quarter are significantly more likely to miss the next bailout dividend …

Persistent link: https://www.econbiz.de/10013116521

The Effect of TARP on Bank Risk-Taking

Black, Lamont - 2012

One of the largest responses of the U.S. government to the recent financial crisis was the Troubled Asset Relief Program (TARP). TARP was originally intended to stabilize the financial sector through the increased capitalization of banks. However, recipients of TARP funds were then encouraged to...

Persistent link: https://www.econbiz.de/10013108932

Uncertainty as Commitment

Nosal, Jaromir B. - 2013

Time-inconsistency of no-bailout policies can create incentives for banks to take excessive risks and generate …

Persistent link: https://www.econbiz.de/10013085550

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

The (Un)Desired Effects of Government Bailouts : The Impact of TARP on the Interbank Market and Bank Risk-Taking

Behr, Patrick - 2019

We analyze how the inflow of liquidity through TARP funds in the wake of the 2007/2008 financial crisis impacted banks' interbank market activity. We show that TARP banks increased interbank market activity statistically and economically in a very significant way. Their interbank lending...

Persistent link: https://www.econbiz.de/10012899090

Do Business Borrowers Benefit from Bank Bailouts? - The Effects of TARP on Loan Contract Terms

Berger, Allen N. - 2017

We investigate benefits to business borrowers from bank bailouts – specifically the Troubled Asset Relief Program (TARP). Applying difference-in-difference methodology to loan-level data, we find more favorable contract terms in five dimensions – spread, amount, maturity, collateral, and...

Persistent link: https://www.econbiz.de/10012969974

Did Saving Wall Street Really Save Main Street? The Real Effects of TARP on Local Economic Conditions

Berger, Allen N. - 2016

We investigate whether saving Wall Street through the Troubled Assets Relief Program (TARP) really saved Main Street during the recent financial crisis. Our difference-in-difference analysis suggests that TARP statistically and economically significantly increased net job creation and net hiring...

Persistent link: https://www.econbiz.de/10013006410

Intervention of Regulatory Bailouts in Loan Partnerships : Evidence of Tarp's Effect on Syndicated Loan Structures

Enkhtaivan, Bolortuya - 2015

This paper is the first to assess the Troubled Asset Relief Program (TARP) at loan level by looking at the structure of loan syndicates. While the purpose of TARP was to stimulate the flow of credit during the economic downturn, the low cost of capital could have functioned as a double-edged...

Persistent link: https://www.econbiz.de/10013012954