Similar Search Results

The perennial challenge to abolish too-big-to-fail in banking : empirical evidence from the new international regulation dealing with global systemically important banks

Moenninghoff, Sebastian C.; Ongena, Steven; Wieandt, Axel - 2014

This paper provides evidence on how the new international regulation on Global Systemically Important Banks (G-SIBs) impacts the market value of large banks. We analyze the stock price reactions for the 300 largest banks from 52 countries across 12 relevant regulatory announcement and...

Persistent link: https://www.econbiz.de/10010412297

MBS ratings and the mortgage credit boom

Ashcraft, Adam B.; Goldsmith-Pinkham, Paul; Vickery, James - 2010

We study credit ratings on subprime and Alt-A mortgage-backed-securities (MBS) deals issued between 2001 and 2007, the period leading up to the subprime crisis. The fraction of highly rated securities in each deal is decreasing in mortgage credit risk (measured either ex ante or ex post),...

Persistent link: https://www.econbiz.de/10008657284

Efficiency in Islamic banking during a financial crisis : an empirical analysis of forty-seven banks

Said, Ali - In: Journal of applied finance & banking 2 (2012) 3, pp. 163-197

The present paper measured the efficiency of Islamic banks during economic troubles of 2006-2009 to address the question if Islamic banks were efficient and stable. This paper addresses this question by measuring efficiency through employing the on-parametric technique, Data Envelopment Analysis...

Persistent link: https://www.econbiz.de/10009565287

An empirical examination of the antecedents and consequences of investment patterns in crowd-funded markets

Burtch, Gordon; Ghose, Anindya; Wattal, Sunil - 2011

Crowd-funded markets have recently emerged as a novel source of capital for entrepreneurs. As the economic potential of these markets is now being realized, they are beginning to go mainstream, a trend reflected by the explicit attention crowdfunding has received in the American Jobs Act as a...

Persistent link: https://www.econbiz.de/10009409861

Subprime mortgage market : rise, fall, and lessons for Korea

Cho, Man (contributor) - 2008

(Mortgage Backed Security) market vs. the subprime MBS market, with respect to the collaterals used in the securitization, the … MBS structure, and the risk management tools. The main issues focused in the survey are, among others, the excessive risk … and secondary subprime mortgage markets, the convoluted securitization and hedging process, and the lack of basic risk …

Persistent link: https://www.econbiz.de/10003749373

The natural instability of financial markets

Kregel, Jan A. (contributor) - 2007

instability created by the expansion, through securitization, of the mortgage market as an example of these changes. -- Financial …

Persistent link: https://www.econbiz.de/10003727249

The Effects of the Qualified Small Business Stock Exemption on Entrepreneurship and Innovation

Chen, Jun; Farre-Mensa, Joan - 2023

The Qualified Small Business Stock (QSBS) exemption allows certain entrepreneurs, their employees, and their investors to sell shares of their companies without paying any—or only greatly reduced—capital gains taxes. Using a diff-in-diff identification strategy, we show that the QSBS...

Persistent link: https://www.econbiz.de/10014350068

Iceland: The Financial and Economic Crisis

Carey, David - 2009

The global financial and economic crisis has struck Iceland with extreme force. Iceland’s three main banks, accounting for almost all of the banking system, failed in October 2008. They were unable to resist the deterioration in global financial markets following the failure of Lehman...

Persistent link: https://www.econbiz.de/10012445636

Estimation of the Default Risk of Publicly Traded Canadian Companies

Dionne, Georges - 2006

Two models of default risk are prominent in the financial literature: Merton's structural model and Altman's reduced-form model. The former has the benefit of being responsive, since the probabilities of default can continually be updated with the evolution of firms' asset values. Its main flaw...

Persistent link: https://www.econbiz.de/10012733855

Regulatory versus Economic Capital : How Do Large Banks Manage their Capital Ratios?

Tallau, Christian - 2020

risk hold more capital as buffer. We conclude that banks pursue an economic capital management based on the market …

Persistent link: https://www.econbiz.de/10012852758