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We analyze the risk premium on bank bonds at origination with a special focus on the role of implicit and explicit …
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I study the prevalence and profitability of regulatory arbitrage in U.S. banks foreign activities. I analyze a publicly … available bank-level dataset on bilateral lending flows to 75 countries over 2003-2013. U.S. banks lend less to borrowers in … host countries with stricter bank regulations, and are less likely to maintain affiliates in such countries. Banks …
Persistent link: https://www.econbiz.de/10012937376
rule limits arbitrage opportunities by restricting associated interest expense deductions. Prior to 1986, U.S. banks were … absence of a tax benefit from arbitrage appears not only in observed bond yields, but also in banks' considerable unused …
Persistent link: https://www.econbiz.de/10014635610
In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a … particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a … outside the bank as depositors rushed to withdraw their deposits. There was always a fear that this could spark a systemic run …
Persistent link: https://www.econbiz.de/10011689937
In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a … particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a … outside the bank as depositors rushed to withdraw their deposits. There was always a fear that this could spark a systemic run …
Persistent link: https://www.econbiz.de/10004982519
We establish that the labor market helps discipline asset managers via the impact of fund liquidations on their careers. Using hand-collected data on 1,948 professionals, we find that top managers working for funds liquidated after persistently poor relative performance suffer demotion coupled...
Persistent link: https://www.econbiz.de/10011918925
In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a … particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a … outside the bank as depositors rushed to withdraw their deposits. There was always a fear that this could spark a systemic run …
Persistent link: https://www.econbiz.de/10011705347