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Equity Recourse Notes: Creating Counter-cyclical Bank Capital
Bulow, Jeremy I.; Klemperer, Paul - C.E.P.R. Discussion Papers - 2014
creating counter-cyclical incentives for banks to raise capital, and so encourage bank lending in bad times. They avoid the …
Persistent link: https://www.econbiz.de/10011083972
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The UBS-Credit Suisse Merger : Helvetia's Gift
Böni, Pascal; Kroencke, Tim-Alexander; Vasvari, Florin P. - 2023
The UBS- Credit Suisse (CS) merger in March 2023, one of the biggest banking unions in history, was an emergency rescue deal engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. The merger resulted in a significant increase in the combined stakeholder net...
Persistent link: https://www.econbiz.de/10014349670
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Fire-sale spillovers and systemic risk
Duarte, Fernando; Eisenbach, Thomas M. - 2013
We construct a new systemic risk measure that quantifies vulnerability to fire-sale spillovers using detailed regulatory balance sheet data for U.S. commercial banks and repo market data for broker-dealers. Even for moderate shocks in normal times, fire-sale externalities can be substantial. For...
Persistent link: https://www.econbiz.de/10010202672
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Misdiagnosing Bank Capital Problems
Bulow, Jeremy; Klemperer, Paul; Submitter, Stanford GSB - 2021
recognizing greater risks and losses, can lead to solvency problems that look like liquidity (bank-run) crises. Regulatory …
Persistent link: https://www.econbiz.de/10013213588
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Banking reform
Jackson, Patricia; Davies, Howard; Miles, David; … - SUERF Conference on Banking Reform <2015, London>; … - 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/10011554963
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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
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Funding advantage and market discipline in the Canadian banking sector
Beyhaghi, Mehdi; D’Souza, Chris; Roberts, Gordon S. - In: Journal of Banking & Finance 48 (2014) C, pp. 396-410
after controlling for bank-specific and market risk factors. Large banks on average pay 80 basis points and 70 basis points …
Persistent link: https://www.econbiz.de/10011077972
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Safe to Fail
Huertas, Thomas - In: Journal of Financial Perspectives 1 (2013) 3, pp. 93-109
Banks cannot be made fail-safe. But they can be made safe to fail, so that the failure of a bank need not disrupt the … amounts to a pre-pack reorganization of the bank that the resolution authority can implement over a weekend, if the bank … principal elements: (i) a recapitalization of the bank through the bail-in of investor instruments and (ii) the provision of …
Persistent link: https://www.econbiz.de/10010991079
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Convert-to-Surrender Bonds: A Proposal of How to Reduce Risk-Taking Incentives in the Banking System
Berg, Tobias; Kaserer, Christoph - 2011
-Bond convert into equity once the equity ratio falls below a certain threshold and CoSu-Bond holders take over the bank while …
Persistent link: https://www.econbiz.de/10010305972
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Convert-to-Surrender Bonds: A Proposal of How to Reduce Risk-Taking Incentives in the Banking System
Berg, Tobias; Kaserer, Christoph - Verein für Socialpolitik - VfS - 2011
-Bond convert into equity once the equity ratio falls below a certain threshold and CoSu-Bond holders take over the bank while …
Persistent link: https://www.econbiz.de/10010957293