Results 81 to 90 of about 26,178 (237)
Interbank network and bank bailouts: Insurance mechanism for non-insured creditors? : [Version 20 Februar 2013] [PDF]
, 2013 This paper presents a theory that explains why it is beneficial for banks to engage in circular lending activities on the interbank market. Using a simple network structure, it shows that if there is a non-zero bailout probability, banks can ...
Eisert, Tim, Eufinger, Christian
core +1 more source
Marriage of Love? Cross‐Fertilisation Between Illiberalism and Euroscepticism
JCMS: Journal of Common Market Studies, EarlyView.Abstract The article contributes to the conceptual mapping of the interaction between Euroscepticism and illiberalism, suggesting that there is a mutual reinforcement process between them. The overlaps cover the following areas: the critique of supranationalism, the resulting defence of national sovereignty, the defence of the (national) majority ...
Vít Hloušek, Vratislav Havlík
wiley +1 more source
Bank geographic deregulation, new credit accounts, and consumer credit
Journal of Financial Research, EarlyView.Abstract The bank deregulation literature documents positive effects of intrastate branching—allowing expansion of bank‐branch network within a state—on real economic outcomes such as income growth, income insurance, income inequality, and homeownership.
Chintal Ajitbhai Desai
wiley +1 more source
Liquidity Crises and the Market‐Maker of Last Resort
Journal of Money, Credit and Banking, EarlyView.Abstract We study market illiquidity in an economy subject to nonfundamental shocks. Asset trading occurs via decentralized bargaining. The model has multiple rational expectations equilibria; we associate certain Pareto‐inferior equilibria with liquidity crises.
CHARLES M. KAHN +2 more
wiley +1 more source
Bailouts and Financial Fragility [PDF]
The Review of Economic Studies, 2010 How does the belief that policymakers will bail out investors in the event of a crisis affect the allocation of resources and the stability of the financial system? I study this question in a model of financial intermediation with limited commitment. When a crisis occurs, the efficient policy response is to use public resources to augment the private ...
openaire +4 more sources
Restricted Bailouts and the Commitment Problem in Federations [PDF]
Standard models of soft budget constraints consider bailouts as pure monetary transfers. However, in practice often additional obligations or restrictions, such as savings goals, are linked to monetary bailouts.
Karolina Kaiser
core
Destructive Effects of Constructive Ambiguity in Risky Times [PDF]
, 2010 Unclear bailout policy, underinvestment and calls for bankers? responsibility are some of the observations from the recent financial crisis. The paper explains underinvestment as an inefficient equilibrium.
Vinogradov, D
core
Cyberattacks on Small Banks and the Impact on Local Banking Markets
Journal of Money, Credit and Banking, EarlyView.Abstract Cyberattacks on small banks have direct and spillover effects in local markets. Following successful cyberattacks, hacked small banks experience a decline in deposit growth rates. This effect of cyberattacks is not observed in hacked large banks.
FABIAN GOGOLIN +2 more
wiley +1 more source
Liquidity, Efficiency and Bank Bailouts [PDF]
Why do governments bailout banking systems in distress? We argue that the government can efficiently provide liquidity. We present a general equilibrium model in which not all assets can be used to purchase all other assets at every date.
Gary Gorton, Lixin Huang
core +3 more sources
Optimal Design of Bank Bailouts: Prompt Corrective Action [PDF]
The paper investigates the optimal design of bank bailouts. Under three types of ex post moral hazard that tempt banks to hide loan losses, the paper analyzes banking regulation via three Prompt Corrective Action instruments: prohibition of dividends ...
J-P. Niinimaki
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