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Is Bank-Centered Corporate Governance Worth It? A Cross-Sectional Analysis of the Performance of Japanese Firms during the Asset Price Deflation

Kang, Jun-Koo - 1997

This paper examines the determinants of firm stock-price performance from 1990 to 1993" in Japan. During that period of time, the typical firm on the Tokyo Stock Exchange lost more" than half its value and banks experienced severe adverse shocks. We show that firms whose debt" had a higher...

Persistent link: https://www.econbiz.de/10012472574

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

Kane, Edward J. - 1995

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/10012473775

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

Hubbard, R. Glenn - 1994

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/10012474224

A Comparison of the United States and Canadian Banking Systems in the Twentieth Century : Stability vs. Efficiency?

Bordo, Michael D. - 1993

This paper asks whether the vaunted comparative stability of the Canadian banking system has been purchased at the cost …

Persistent link: https://www.econbiz.de/10012474396

U.S. Commercial Banking : Trends, Cycles, and Policy

Boyd, John H. - 1993

This paper pinpoints sources of recent problems in U.S. commercial banking. The objective is to provide a context for … banking less stable in the 1980s. The second part identifies the specific sources of the industry's difficulties over this … recent policy reforms and on-going policy options. in the light of our evidence on the main sources of problems in banking …

Persistent link: https://www.econbiz.de/10012474547

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

Sachs, Jeffrey - 1987

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/10012476612

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

Jaremski, Matthew S. - 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/10012479982

Why Have Negative Nominal Interest Rates Had Such a Small Effect on Bank Performance? Cross Country Evidence

Lopez, Jose A. - 2018

We examine the effect of negative nominal interest rates on bank profitability and behavior using a cross-country panel of over 5,100 banks in 27 countries. Our data set includes annual observations for Japanese and European banks between 2010 and 2016, which covers all advanced economies that...

Persistent link: https://www.econbiz.de/10012480657

U.S. Banks and Global Liquidity

Correa, Ricardo - 2020

We characterize how U.S. global systemically important banks (GSIBs) supply short-term dollar liquidity in repo and foreign exchange swap markets in the post-Global Financial Crisis regulatory environment and serve as the "lenders-of-second-to-last-resort". Using daily supervisory bank balance...

Persistent link: https://www.econbiz.de/10012481346

Bank Market Power and Monetary Policy Transmission : Evidence from a Structural Estimation

Wang, Yifei - 2020

dynamic banking model in which monetary policy affects imperfectly competitive banks' funding costs. Banks optimize the pass …

Persistent link: https://www.econbiz.de/10012481840