of capital-starved acquirers to buy capital-rich targets, market timing, pecking order, the effect of banks with binding …

We take issue with claims that the funding mix of banks, which makes them fragile and crisisprone, is efficient because … banks' distress and default cause, such claims are invalid because banks have multiple small creditors and are unable to … entails costs to society, such regulation actually helps create useful commitment for banks to avoid the inefficiently high …

College) gave the SUERF 2015 Annual Lecture on Capital and Banks. The conference focused on core aspects of banking reform …

We take issue with claims that the funding mix of banks, which makes them fragile and crisis-prone, is efficient … that banks' distress and default cause, such claims are invalid because banks have multiple small creditors and are unable … funding mix entails costs to society, such regulation actually helps create useful commitment for banks to avoid the …

turn in market expectations led investors and banks to reevaluate their portfolios, which brought about a credit crunch and … widespread economic instability. The Federal Reserve Bank’s intervention came too late and failed to usher in adequate regulation …

stages (regulation and supervision, securitization, and a run on investment banks), each stage associated with a particular …