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Will the U.S. Bank Recapitalization Succeed? Eight Lessons from Japan

Hoshi, Takeo - 2010

rehabilitate the U.S. banking industry. Many of those strategies were used also in Japan to combat its banking problems in the 1990 …

Persistent link: https://www.econbiz.de/10012758287

U.S. Commercial Banks and the Developing Country Debt Crisis

Sachs, Jeffrey D. - 2010

The major theme of this paper is that the commercial banks have weathered the debt crisis, while many debtor countries remain in economic paralysis or worse. There is a growing consensus that much of the LDC debt will not be fully serviced in the future, and that consensus is reflected in at...

Persistent link: https://www.econbiz.de/10012763445

Size Anomalies in U.S. Bank Stock Returns : A Fiscal Explanation

Gandhi, Priyank - 2015

The largest commercial bank stocks, ranked by total size of the balance sheet, have significantly lower risk-adjusted returns than small- and medium-sized bank stocks, even though large banks are significantly more levered. We uncover a size factor in the component of bank returns that is...

Persistent link: https://www.econbiz.de/10013038431

What is the Value-Added for Large U.S. Banks in Offering Mutual Funds?

Kane, Edward J. - 2008

This paper argues that an implicit deposit-insurance credit enhancement is extended to any nondeposit savings vehicle offered by a very large bank. This unpriced credit enhancement helps to explain the preference revealed by very large U.S. banks for gearing up to offer mutual funds instead of...

Persistent link: https://www.econbiz.de/10012775001

The Founding of the Federal Reserve, the Great Depression and the Evolution of the U.S. Interbank Network

Jaremski, Matthew - 2019

Financial network structure is an important determinant of systemic risk. This paper examines how the U.S. interbank network evolved over a long and important period that included two key events: the founding of the Federal Reserve and the Great Depression. Banks established connections to...

Persistent link: https://www.econbiz.de/10012867063

International Banking and Cross-Border Effects of Regulation : Lessons from the United States

Berrospide, Jose M. - 2016

where banks operate globally. Using U.S. micro-banking data for the first quarter of 2000 through the third quarter of 2013 …

Persistent link: https://www.econbiz.de/10012982940

The Valuation Effects of Geographic Diversification : Evidence from U.S. Banks

Goetz, Martin Richard - 2011

This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United States on their market valuations. Using two novel identification strategies based on the dynamic process of interstate bank deregulation, we find that exogenous increases in...

Persistent link: https://www.econbiz.de/10013117404

Why Did U.S. Banks Invest in Highly-Rated Securitization Tranches?

Erel, Isil - 2011

We estimate holdings of highly-rated tranches of mortgage securitizations of American deposit-taking banks ahead of the credit crisis and evaluate hypotheses that have been advanced to explain these holdings. We find that holdings of highly-rated tranches were economically trivial for the...

Persistent link: https://www.econbiz.de/10013121733

Executive Pay and Performance : Evidence from the U.S. Banking Industry

Hubbard, R. Glenn - 2011

This paper examines an effect of deregulating the market for corporate control on CEO compensation in the banking … industry. Given that each state's banking regulation defines the competitiveness of its corporate control market, we examine … the effect of a state's interstate banking regulation on the level and structure of bank CEO compensation. Using panel …

Persistent link: https://www.econbiz.de/10013125319

Banks, Free Banks, and U.S. Economic Growth

Jaremski, Matthew - 2012

The "Federalist financial revolution" may have jump-started the U.S. economy into modern growth, but the Free Banking … System (1837-1862) did not play a direct role in sustaining it. Despite lowering entry barriers and extending banking into …

Persistent link: https://www.econbiz.de/10013107211