Showing 121 - 130 of 162,937
Persistent link: https://www.econbiz.de/10012997527
extreme risks. But what if the bailout were harsh?The loan would have a penalty rate and the manager would have to sacrifice …—unless failure is imminent. In that case, the managerincreases risk immensely to profit from no further loss, which makes the bailout … morelikely. The paper informs which terms can be successful in bailout policy design …
Persistent link: https://www.econbiz.de/10014257713
implementations of the funds concentration effect and the corresponding discriminatory bailout scheme: “random bailout“ and “bailout …
Persistent link: https://www.econbiz.de/10011400865
On February 12, 2010, SUERF, the Oesterreichische Nationalbank and the Bankwissenschaftliche Gesellschaft continued their established tradition of jointly organised conferences. As evidenced also by the 115 conference participants, this year's subject of "Contagion and Spillovers – New...
Persistent link: https://www.econbiz.de/10011689946
Finanzkrise vorgeschlagen oder bereits politisch umgesetzt worden sind. …
Persistent link: https://www.econbiz.de/10003922564
We document the consequences of money market fund risk taking during the European sovereign debt crisis. Using a novel data set of security-level holdings of prime money market funds, we show that funds with large exposures to risky Eurozone banks suffered significant outflows between June and...
Persistent link: https://www.econbiz.de/10009507044
The paper puts the outcome during the most recent financial crisis in a historical perspective by taking a closer look at the frequency of extreme events in the economic history of Denmark, in some cases based on time series back to the late 1600s. We focus on the frequency distribution of a...
Persistent link: https://www.econbiz.de/10010199517
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
In this paper, we examine whether the structure of the chief executive officer's (CEO) compensation package can explain default risk and performance in bank holding companies (BHCs) during the recent credit crisis. Using a sample of 371 BHCs, we show that in 2006 lower holdings of inside debt...
Persistent link: https://www.econbiz.de/10013065733
This paper investigates (1) how the composition of executive compensation is related to a bank's incentive to take excessive risk, (2) whether executive compensation in larger banks, especially the too-big-to-fail (TBTF) banks, induces more severe moral hazard behavior, and (3) how the relation...
Persistent link: https://www.econbiz.de/10013069368