Suchergebnisse
Filter
20 Ergebnisse
Sortierung:
SSRN
Interest Rates and the Bank Risk-Taking Channel
In: Annual Review of Financial Economics, Band 5, S. 123-141
SSRN
Can cost increases increase competition? Asymmetric information and equilibrium prices
In: The Rand journal of economics, Band 39, Heft 1, S. 144-162
ISSN: 1756-2171
Flight to Quality or to Captivity: Information and Credit Allocation
In: IMF Working Paper, S. 1-26
SSRN
SSRN
Flight to Quality or to Captivity? Information and Credit Allocation
In: IMF Working Papers, S. 1-25
SSRN
Loan Guarantees, Bank Underwriting Policies and Financial Fragility
In: ECB Working Paper No. 2023/2782
SSRN
The Redistributive Effects of Bank Capital Regulation
In: BAFFI CAREFIN Centre Research Paper No. 2018-102
SSRN
Working paper
Government Guarantees, Transparency, and Bank Risk-Taking
This paper presents a model of bank risk taking and government guarantees. Levered banks take excessive risk, as their actions are not fully priced at the margin by debt holders. The impact of government guarantees on bank risk taking depends critically on the portion of bank investors that can observe bank behavior and hence price debt at the margin. Greater guarantees increase risk taking (moral hazard) when informed investors hold a sufficiently large fraction of liabilities. Otherwise, greater guarantees reduce risk taking by increasing the profits of the bank (franchise value effect). The results extend to the case in which information disclosure, and thus the portion of informed investors, is endogenous but costly. The model also shows that when bank capital is endogenous, public guarantees lead unequivocally to an increase in bank leverage and an associated increase in risk taking. The analysis points to a complex relationship between prudential policy and the institutional framework governing bank resolution and bailouts.
BASE
Supervisory Incentives in a Banking Union
In: IMF Working Paper No. 16/186
SSRN
Working paper
Deposits and Bank Capital Structure
SSRN
Working paper
Stakeholder Governance, Competition and Firm Value
In: Review of Finance (Forthcoming)
SSRN
Stakeholder Governance, Competition and Firm Value
In: CESifo Working Paper Series No. 4652
SSRN
Working paper
Monetary Policy, Leverage, and Bank Risk-Taking
In: IMF Working Papers, S. 1-36
SSRN
Stakeholder Capitalism, Corporate Governance and Firm Value
In: EFA 2007 Ljubljana Meetings Paper
SSRN
Working paper