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On the instability of banking and other financial intermediation
Gu, Chao; Monnet, Cyril; Nosal, Ed; Wright, Randall D. - 2019
incorporating reputational considerations; a model with delegated investment as in Diamond; one with bank liabilities serving as …
Persistent link: https://www.econbiz.de/10012018898
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On the instability of banking and other financial intermediation
Gu, Chao; Monnet, Cyril; Nosal, Ed; Wright, Randall D. - 2019
incorporating reputational considerations; a model with delegated investment as in Diamond; one with bank liabilities serving as …
Persistent link: https://www.econbiz.de/10012023696
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Diamond-Dybvig and beyond : on the instability of banking
Gu, Chao; Monnet, Cyril; Nosal, Ed; Wright, Randall D. - 2023
reputational considerations, those with fixed costs and delegated investment, and those where bank liabilities serve as payment …
Persistent link: https://www.econbiz.de/10014227778
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Is Tax Volatility Priced by Lenders in the Syndicated Loan Market?
Saavedra, Daniel - 2019
In this study, I consider the effects of tax risk from tax volatility on the pricing of syndicated debt. Tax volatility is an interesting feature in that managers have some discretion over the risks they take with their tax strategies, which, however, are often harder to monitor for outsiders...
Persistent link: https://www.econbiz.de/10012896590
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Is Tax Volatility Priced by Lenders in the Syndicated Loan Market?
Saavedra, Daniel - 2018
In this study, I consider the effects of tax risk from tax volatility on the pricing of syndicated debt. Tax volatility is an interesting feature in that managers have some discretion over the risks they take with their tax strategies, which, however, are often harder to monitor for outsiders...
Persistent link: https://www.econbiz.de/10012938307
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Banking networks and economic growth: from idiosyncratic shocks to aggregate fluctuations
Kundu, Shohini; Vats, Nishant - 2021
negative shocks towards other unaffected economies. Our GIV estimates suggest that a 1% increase in bank loan supply is …
Persistent link: https://www.econbiz.de/10012694566
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Are CoCo bonds a good substitute for equity? : evidence from European banks
Hau, Harald; Hrasko, Gabriela - 2018
increase their capital buffers – a policy supported by national bank regulators. This paper examines whether the issuance of … CoCo bonds provides the same reduction in bank default risk as the corresponding issuance of common equity by analyzing the … conversion features come with a lower subsequent volatility of the bank asset value, but are inferior to equity in terms of their …
Persistent link: https://www.econbiz.de/10011937107
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The adverse effect of contingent convertible bonds on bank stability
Ludolph, Melina - Leibniz-Institut für Wirtschaftsforschung Halle - 2023 - This version: August 27, 2023
This paper examines the effect of CoCo bonds that qualify as additional tier 1 capital on bank fundamentals. The … hypotheses suggesting that the regulatory design requirements for going-concern CoCos adversely affect bank stability …
Persistent link: https://www.econbiz.de/10014336100
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Managing the Impact of Volatility in International Capital Markets in an Uncertain World
Kregel, Jan A. - 2015
International financial flows are the propagation mechanism for transmitting financial instability across borders. They are also the source of unsustainable external debt. Managing volatility thus requires institutions that promote domestic financial stability, ensure that domestic instability...
Persistent link: https://www.econbiz.de/10013039543
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On the instability of banking and financial intermediation
Gu, Chao; Monnet, Cyril; Nosal, Ed; Wright, Randall D. - 2019
Persistent link: https://www.econbiz.de/10012001220