G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w16787
来源IDWorking 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
URLhttps://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
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Santiago Carbo-Valverde]的文章
[Edward J. Kane]的文章
[Francisco Rodriguez-Fernandez]的文章
百度学术
百度学术中相似的文章
[Santiago Carbo-Valverde]的文章
[Edward J. Kane]的文章
[Francisco Rodriguez-Fernandez]的文章
必应学术
必应学术中相似的文章
[Santiago Carbo-Valverde]的文章
[Edward J. Kane]的文章
[Francisco Rodriguez-Fernandez]的文章
相关权益政策
暂无数据
收藏/分享
文件名: w16787.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。