Narrow search
Showing 1 - 10 of 192
Cover Image
Get rid of banks and build up a modern financial world
Lenz, Rainer - Volkswirtschaftliche Fakultät, … - 2011
The financial crisis has revealed fatal institutional and structural deficits at the finance market. Politics has reacted to the financial crisis with a sea of legal bills and regulations. But all regulating efforts are merely system-imminent reparation measures and do not solve the core...
Persistent link: https://www.econbiz.de/10009322661
Cover Image
Can Capital Ratios be the Centre of Banking Regulation – A Case Study
MARINOVA, Milena - In: European Financial and Accounting Journal 2009 (2009) 4, pp. 8-34
The application, or to be more precise, the misapplication of securitization in the mortgage market had fatal … consequences for the financial sector worldwide. More over securitization techniques enabled single banks to reduce their … financial system. In particular, securitization and related credit risk transfer products were adequately treated neither in …
Persistent link: https://www.econbiz.de/10011195346
Cover Image
Liquidity, leverage, and Lehman: A structural analysis of financial institutions in crisis
Chen, Ren-Raw; Chidambaran, N.K.; Imerman, Michael B.; … - In: Journal of Banking & Finance 45 (2014) C, pp. 117-139
This paper presents a flexible, lattice-based structural credit risk model that uses equity market information and a detailed depiction of a financial institution’s liability structure to analyze default risk. The model is applied to examine the term structure of default probabilities for...
Persistent link: https://www.econbiz.de/10010943179
Cover Image
How does deposit insurance affect bank risk? Evidence from the recent crisis
Anginer, Deniz; Demirguc-Kunt, Asli; Zhu, Min - In: Journal of Banking & Finance 48 (2014) C, pp. 312-321
Deposit insurance is widely offered in a number of countries as part of a financial system safety net to promote stability. An unintended consequence of deposit insurance is the reduction in the incentive of depositors to monitor banks which lead to excessive risk-taking. We examine the relation...
Persistent link: https://www.econbiz.de/10011077974
Cover Image
The rise of UK Seasoned Equity Offerings (SEOs) fees during the financial crisis: The role of institutional shareholders and underwriters
Levis, Mario; Meoli, Michele; Migliorati, Katrin - In: Journal of Banking & Finance 48 (2014) C, pp. 13-28
This paper investigates the increase in underwriting fees for UK SEOs since the beginning of the financial crisis in mid-2007. We develop and test a number of hypotheses related to the role of institutional shareholders and underwriters involved in the issuing process. We find that the rise in...
Persistent link: https://www.econbiz.de/10011077991
Cover Image
Banking relationships and syndicated loans during the 2008 financial crisis
Alexandre, Hervé; Bouaiss, Karima; Refait-Alexandre, … - Université Paris-Dauphine (Paris IX) - 2014
The research shows that banking relationships are important to lending. However, few studies focus on the banking relationships in syndicated loans, although these loans have became a major source of financing. The last financial crisis clearly shows the impacts of credit rationing and...
Persistent link: https://www.econbiz.de/10010960595
Cover Image
Can risk modeling work?
Sheedy, Elizabeth - In: Journal of Financial Transformation 27 (2009), pp. 82-87
Does the 2007/08 market crisis herald the end of risk modeling and the empirical method? This paper supports the hypothesis that recent risk modeling problems were caused by the use of inappropriate risk models which are fixable rather than fundamentally flawed. An extensive analysis including...
Persistent link: https://www.econbiz.de/10008459961
Cover Image
Bad Bank(s) and Recapitalization of the Banking Sector
Schäfer, Dorothea; Zimmermann, Klaus F. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
value. Under the plan, the government would bear responsibility for the management and future resale of toxic assets at its …
Persistent link: https://www.econbiz.de/10010661264
Cover Image
Agenda for Building a New Financial Market Architecture
Schäfer, Dorothea - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
Since the summer of 2007, participants in financial markets have been confronted by a crisis of their own making. In order to prevent the recurrence of a similar crisis in the future, the G-20 nations, at their finance summit in Washington on 15 November 2008, resolved to "ensure that all...
Persistent link: https://www.econbiz.de/10010661277
Cover Image
Sell-side analysts’ career concerns during banking stresses
Nolte, Ingmar; Nolte, Sandra; Vasios, Michalis - In: Journal of Banking & Finance 49 (2014) C, pp. 424-441
We propose a new approach to examine sell-side analysts’ career concerns by relating their forecast boldness to their employers’ news flows. Specifically, we use banking sector news to proxy for the severity of career concerns. Analysts follow more closely the consensus forecast when the...
Persistent link: https://www.econbiz.de/10011118099