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Banks’ Internal Capital Markets and Deposit Rates

Ben-David, Itzhak - 2015

A common view is that deposit rates are determined primarily by supply: depositors require higher deposit rates from risky banks, thereby creating market discipline. An alternative perspective is that market discipline is limited (e.g., due to deposit insurance and/or enhanced capital...

Persistent link: https://www.econbiz.de/10011955520

How do Financial Crises Redistribute Risk?

Mitchener, Kris; Vossmeyer, Angela - National Bureau of Economic Research - 2023

We examine how financial crises redistribute risk, employing novel empirical methods and micro data from the largest financial crisis of the 20th century - the Great Depression. Using balance-sheet and systemic risk measures at the bank level, we build an econometric model with incidental...

Persistent link: https://www.econbiz.de/10014337771

The Value of Intermediaries for GSE Loans

Bosshardt, Joshua; Kakhbod, Ali; Kermani, Amir - National Bureau of Economic Research - 2023

We analyze the costs and benefits of intermediaries for government-sponsored enterprise (GSE) mortgages using regulatory data. We find evidence of lenders pricing for observable and unobservable default risk independently from the GSEs. These findings are explained using a model of competitive...

Persistent link: https://www.econbiz.de/10014337808

Judging Banks' Risk by the Profits They Report

Meiselman, Ben S.; Nagel, Stefan; Purnanandam, Amiyatosh - National Bureau of Economic Research - 2023

In competitive capital markets, risky debt claims that offer high yields in good times have high systematic risk exposure in bad times. We apply this idea to bank risk measurement. We find that banks with high accounting return on equity (ROE) prior to a crisis have higher systematic tail risk...

Persistent link: https://www.econbiz.de/10014337867

Loans for the "Little Fellow : " Credit, Crisis, and Recovery in the Great Depression

Quincy, Sarah - National Bureau of Economic Research - 2023

competing banking offices. The bank's presence caused smaller city property value contractions and stronger recoveries through …

Persistent link: https://www.econbiz.de/10014421204

Banks in Space

Oberfield, Ezra; Rossi-Hansberg, Esteban; Trachter, Nicholas - National Bureau of Economic Research - 2024

We study the spatial expansion of banks in response to banking deregulation in the 1980s and 90s. During this period …

Persistent link: https://www.econbiz.de/10014512110

Causes of U.S. Bank Distress During the Depression

Calomiris, Charles W. - 2000

regional banking panics. We find that fundamentals explain most of the incidence of bank failure, and argue that contagion' or … of the importance of contagion or liquidity crises. At the national level, we find that the first two banking crises … changes in the importance of liquidity measures for forecasting bank failures. The third banking crisis they identify is a …

Persistent link: https://www.econbiz.de/10012470818

Did U.S. Bank Supervisors Get Tougher During the Credit Crunch? Did They Get Easier During the Banking Boom? Did It Matter to Bank Lending?

Berger, Allen N. - 2000

We test three hypotheses regarding changes in supervisory toughness' and their effects on bank lending. The data provide modest support for all three hypotheses that there was an increase in toughness during the credit crunch period (1989-1992), that there was a decline in toughness during the...

Persistent link: https://www.econbiz.de/10012471072

U.S. Banks, Crises, and Bailouts : From Mexico to LTCM

Stulz, Rene M. - 2000

emerging market events in perspective. The LTCM crisis had no significant contagion effects in the banking sector either, but …

Persistent link: https://www.econbiz.de/10012471245

What is the Value-Added for Large U.S. Banks in Offering Mutual Funds?

Kane, Edward J. - 1995

This paper argues that an implicit deposit-insurance credit enhancement is extended to any nondeposit savings vehicle offered by a very large bank. This unpriced credit enhancement helps to explain the preference revealed by very large U.S. banks for gearing up to offer mutual funds instead of...

Persistent link: https://www.econbiz.de/10012473775