In moral hazard models, bank shareholders have incentives to transfer wealth from the deposit insurer - that is … value, and a risk measure, this paper develops a semi-parametric model for estimating the critical level of bank risk at …

We investigate how bank migration across state lines over the last quarter century has affected the size and covariance …

We use daily data on bank reserves and overnight interest rates to document a striking pattern in the high … interest rates at end each period. In this context, central bank's interest-rate-smoothing policy causes high supply liquid be …

(CAPM) works for investors' probability distribution. However, mis-pricing can be observed if econometricians estimate betas …-augmented version of CAPM. This model performs better than other common empirical specifications, including the Fama-French three …-factor model"--Federal Reserve Bank of New York web site …

Using data from bank holding company regulatory reports, we examine the relationshipbetween stock repurchases and … financial performance for a large sample of bank holding companies over the years 1987 to 1998. The primary result is that … be driven primarily by bank holding companies with publicly traded stock, especially those companies whose stock is …