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I am delighted to have the opportunity to speak tosuch an eminent group at this important conference oncapital regulation.“If you see a banker jump out of the window,jump after him: there is sure to be profit in it,” said theeighteenth-century French philosopher Voltaire. Lookingat the...
Persistent link: https://www.econbiz.de/10005870075
), revealed the swindle in the headline ‘O Pais em Crise’ (The Country in Crisis). The article describes how twenty-eight year old …
Persistent link: https://www.econbiz.de/10005870587
Instrumentell betrachtet ist die Finanzmarktkrise darauf zurückzuführen, dass zunächst eine Reihe von Kreditinstituten in Finanzinstrumente investiert hatten, deren Funktionsweise sie nicht vollständig verstanden hatten und deren Risiken sie nicht korrekt bewerten konnten. Als die ersten...
Persistent link: https://www.econbiz.de/10009486866
I review the state of the art of the academic theoretical and empirical literature on the potential trade-off between competition and stability in banking. There are two basic channels through which competition may increase instability: by exacerbating the coordination problem of...
Persistent link: https://www.econbiz.de/10010270643
This paper investigates bank structural funding vis-à-vis bank failures. An empirical analysis is conducted on the defaults of commercial banks occurred in the United States between 2007 and 2009. The results highlight that structural funding position indeed plays a significant role in...
Persistent link: https://www.econbiz.de/10011154709
This study empirically analyzes the impact of the United States’ bank recapitalization program, the centerpiece of the United States’ $700 billion Troubled Asset Relief Program (TARP), on bank portfolios. Through superior empirical analysis and correct model specification, our findings...
Persistent link: https://www.econbiz.de/10011077767
Different ethical frameworks have been proposed as appropriate for integrating into crisis management strategies. This … study examines an ethic of care approach to crisis management analysing the case of Northern Rock bank which was at the … centre of the recent financial crisis in the UK. The development and maintenance of relationships is fundamental to an ethic …
Persistent link: https://www.econbiz.de/10010868068
efficiency. This suggests that government-coordinated consolidation of banks, especially in a post-crisis environment, results in …
Persistent link: https://www.econbiz.de/10011041503
The recent crisis highlighted the importance of globally active banks in linking markets. One channel for this linkage …
Persistent link: https://www.econbiz.de/10010595071
We provide the first empirical tests for financial protectionism, defined as a nationalistic change in banks' lending behaviour, as the result of public intervention, which leads domestic banks either to lend less or at higher interest rates to foreigners. We use a bank-level panel data set...
Persistent link: https://www.econbiz.de/10009318448