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Sharing the Pain Credit Supply & Real Effects of Bank Bail-ins

Da-Rocha Lopes, Samuel; Beck, Thorsten; Silva, André F. - 2021

We analyze the credit supply and real sector effects of bank bail-ins by exploiting the unexpected failure of a major Portuguese bank and subsequent resolution. Using a matched firm-bank dataset on credit exposures and interest rates, we show that while banks more exposed to the bail-in...

Persistent link: https://www.econbiz.de/10013252076

Sharing the pain? : credit supply and real effects of bank bail-ins

Lopes, Samuel da Rocha; Beck, Thorsten; Silva, André F. - 2018

Persistent link: https://www.econbiz.de/10012054475

Fiscal multipliers and financial crises

Faria-e-Castro, Miguel - 2018

What type of fiscal policy is most effective during a financial crisis? I study the macroeconomic effects of the US fiscal policy response to the Great Recession, accounting not only for standard tools such as government purchases and transfers but also for financial sector interventions such as...

Persistent link: https://www.econbiz.de/10011914285

Bank bailouts, international linkages and cooperation

Niepmann, Friederike; Schmidt-Eisenlohr, Tim - 2011

welfare. -- bailout ; contagion ; financial crisis ; international institutional arrangements …

Persistent link: https://www.econbiz.de/10009011172

Empowering Market-Based Finance : A Note on Bank Bailouts in the Aftermath of the North Atlantic Financial Crisis of 2007

Biondi, Yuri - 2017

The North Atlantic Financial Crisis of 2007 did suddenly and massively disrupt the activities of financial markets and financial institutions that were organised under a market-based financial architecture at local and international levels. Both corporate and public policies were at the origin...

Persistent link: https://www.econbiz.de/10012962296

Do Big Bank Equityholders 'Pay' for Bailout Insurance Over the Economic Cycle?

Del Viva, Luca - 2017

Contrary to public perception and previous literature on public bailout subsidies, we find over the recent 43-year … period equityholders in big banks paid fairly for TBTF bailout insurance in terms of equity returns. In normal (non …−Small bank equity premium and bailout insurance is fairly priced for equityholders in that there is no difference between big and …

Persistent link: https://www.econbiz.de/10012951828

Bank Bailouts, International Linkages and Cooperation

Niepmann, Friederike - 2011

Financial institutions are increasingly linked internationally. As a result, financial crisis and government intervention have stronger effects beyond borders. We provide a model of international contagion allowing for bank bailouts. While a social planner trades off tax distortions, liquidation...

Persistent link: https://www.econbiz.de/10013128043

Are the Bailouts of Wall Street Complements or Substitutes?

Wilson, Linus - 2012

The Term Securities Lending Facility (TSLF) lent $2.3 trillion worth of general collateral to eighteen investment houses in exchange for riskier securities. Treasury collateral was in high demand in 2008 and 2009 as repo markets shunned lower quality collateral. This paper finds a negative and...

Persistent link: https://www.econbiz.de/10013108751

A Tale of Two Bailouts : Effects of TARP and PPP on Subprime Consumer Debt

Berger, Allen N.; Epouhe, Onesime; Roman, Raluca A. - 2021

, bailout, and local market data. We find that subprime consumers with more TARP institutions in their markets had significantly …. Findings are robust to addressing identification concerns, and yield policy implications regarding bailout structures and … strings attached to bailout funds …

Persistent link: https://www.econbiz.de/10013211985

A Tale of Two Bailouts : Effects of TARP and PPP on Subprime Consumer Debt

Berger, Allen N.; Epouhe, Onesime; Roman, Raluca A. - 2021

-bureau observations of individual consumer debt combined with banking, bailout, and local market data. We find subprime consumers with … yield policy implications regarding bailout structures and strings attached to bailout funds …

Persistent link: https://www.econbiz.de/10013214408