Download e-book for iPad: Governance, Regulation and Bank Stability by Ted Lindblom, Stefan Sjögren, Magnus Willesson (eds.)

By Ted Lindblom, Stefan Sjögren, Magnus Willesson (eds.)

ISBN-10: 1137413549

ISBN-13: 9781137413543

ISBN-10: 1349489948

ISBN-13: 9781349489947

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Song, and A. V. Thakor (2013) ‘Correlated leverage and its ramifications’, Working Paper, Washington University in St. Louis, July. Kane, E. (1990) ‘Principal-agent problems in S&L salvage’, The Journal of Finance, 45, 755–764. Keys, B. , T. Mukherjee, A. Seru and V. Vig (2010) ‘Did securitization lead to lax screening? Evidence from subprime loans’, Quarterly Journal of Economics, 125(1), 307–362. Kupiec, P. and C. D. Ramirez (2013) ‘Bank failures and the cost of systemic risk: Evidence from 1900–1930’, Journal of Financial Intermediation, 22(3), 285–307.

The expected sign for LEV refers to that variable when considering it as a control variable. The expected sign for LIQUID refers to the liquidity ratio, so the expected sign is positive when considering the liquidity risk. 3 Econometric models The primary estimation method is the generalized least square (GLS) random effect (RE) technique (Baltagi and Wu, 1999). This technique is robust to first-order autoregressive disturbances (if any) within unbalanced-panels and cross-sectional correlation and/or heteroskedasticity across panels.

4. Impose higher capital requirements in the shadow banking system (repos, money market funds, investment banks, insurance companies, 16 Anjan V. , CDS), and regulate institutions by their activities rather than by what they call themselves. 5. Permit broader ownership of banks in order to allow equity-based governance to work more effectively. 6. Consider some variant of the Belgian experiment of ‘levelling the tax playing field’ between debt and equity by allowing tax deductibility either of dividends or of a notional return on the book value of equity.

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Governance, Regulation and Bank Stability by Ted Lindblom, Stefan Sjögren, Magnus Willesson (eds.)

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