全球智库信息集成服务系统(G2TT): Safety-Net Benefits Conferred on Difficult-to-Fail-and-Unwind Banks in the US and EU Before and During the Great Recession

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w16787
来源ID	Working Paper 16787
	Safety-Net Benefits Conferred on Difficult-to-Fail-and-Unwind Banks in the US and EU Before and During the Great Recession
	Santiago Carbo-Valverde; Edward J. Kane; Francisco Rodriguez-Fernandez
发表日期	2011-02-10
出版年	2011
语种	英语
摘要	This paper models and estimates ex ante safety-net benefits at a sample of large banks in US and Europe during 2003-2008. Our results suggest that difficult-to-fail and unwind (DFU) banks enjoyed substantially higher ex ante benefits than other institutions. Safety-net benefits prove significantly larger for DFU firms in Europe and bailout decisions less driven by asset size than in the US. We also find that a proxy for regulatory capture helps to explain bailout decisions in Europe. A policy implication of our findings is that authorities could better contain safety-net benefits if they refocused their information systems on measuring volatility as well as capital.
主题	Financial Economics ; Financial Institutions ; Corporate Finance ; Other ; Law and Economics
URL	https://www.nber.org/papers/w16787
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/574462
推荐引用方式 GB/T 7714	Santiago Carbo-Valverde,Edward J. Kane,Francisco Rodriguez-Fernandez. Safety-Net Benefits Conferred on Difficult-to-Fail-and-Unwind Banks in the US and EU Before and During the Great Recession. 2011.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w16787.pdf（252KB）	智库出版物		限制开放	CC BY-NC-SA	浏览