A5037548807- Banking stability, regulation, efficiency
- Global Financial Crisis and Policies
- Housing Market and Economics
- Global Financial Regulation and Crises
- Insurance and Financial Risk Management
- Corporate Finance and Governance
- Credit Risk and Financial Regulations
- Economic Theory and Policy
- Economic, financial, and policy analysis
- Islamic Finance and Banking Studies
- Financial Literacy, Pension, Retirement Analysis
- Housing, Finance, and Neoliberalism
- State Capitalism and Financial Governance
- Economic theories and models
- Financial Markets and Investment Strategies
- Corporate Taxation and Avoidance
- Economic Theory and Institutions
- Monetary Policy and Economic Impact
- European Monetary and Fiscal Policies
- Fiscal Policy and Economic Growth
- Corporate Insolvency and Governance
- Law, Economics, and Judicial Systems
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- Auditing, Earnings Management, Governance
Boston College
2011-2023
Binghamton University
2023
Bridge University
2023
California State University System
2023
University of Utah
2023
Loyola University Maryland
2023
Cornell University
2023
University of Chicago
2023
The University of Texas at El Paso
2023
Creighton University
2023
ABSTRACT This paper seeks to explain the combination of explicit and implicit pricing for deposit insurance employed by FDIC. Essentially, FDIC sells two products—insurance regulation. To span product space, it must does set prices. We argue that need establish regulatory disincentives bank risk‐taking is heart controversy over adequacy capital ability close risky banks before exhausting their charter value (i.e., right continue in business) stands at center these front FDIC's reserves.
Explicit deposit insurance has been spreading rapidly in recent years, even to countries with low levels of financial and institutional development. This paper documents the extent cross-country differences design reviews empirical evidence on how particular features affect private market discipline, banking stability, development effectiveness crisis resolution. challenges wisdom encouraging adopt explicit without first stopping assess remedy weaknesses their informational supervisory environments.
The system of federal deposit insurance adopted during the 1930s has become increasingly costly and unreliable. This timely study warns bankers, regulators, politicians, taxpayers that no matter how well deposit-insurance may have run in past it is headed for an expensive bureaucratic breakdown. It forcefully argues unless market discipline can be reintroduced, this breakdown threatens to take depository institutions into de facto nationalization. Reversing these trends, points out, requires...
Methodologically, this paper frames the opportunity cost of any merger as value alternative deals it precludes or defers. This challenges standard event-study hypothesis that stock markets benchmark a deal by profits partners would have earned in stand-alone activity. Substantively, finds megamergers banking show two size-related exceptions to prototypical result acquirer tends be unaffected fall when is announced. Giant U.S. organizations gain from becoming more gigantic and additional they...
Unless priced and administered appropriately, a governmental safety net enhances risk‐shifting opportunities for banks. This paper quantifies regulatory efforts to use capital requirements control by U.S. banks during 1985 1994 investigates how much risk‐based other deposit‐insurance reforms improved this control. We find that discipline did not prevent large from shifting risk onto the net. Banks with low debt‐to‐deposits ratios overcame outside better than Mandates introduced 1991...
Journal Article Bank Portfolio Allocation, Deposit Variability, and the Availability Doctrine Get access Edward J. Kane, Kane Princeton University Search for other works by this author on: Oxford Academic Google Scholar Burton G. Malkiel The Quarterly of Economics, Volume 79, Issue 1, February 1965, Pages 113–134, https://doi.org/10.2307/1880516 Published: 01 1965
Good Intentions and Unintended Evil: The Case Against Selective Credit AllocationAuthor(s): Edward J. KaneSource: Journal of Money, Banking, Vol. 9, No. 1, Part 1 (Feb., 1977), pp. 55-69Published by: Ohio State University PressStable URL: http://www.jstor.org/stable/1991999 .Accessed: 10/07/2013 13:13
This paper tackles three tasks. It reviews the history of restrictions on interstate banking. summarizes provisions Interstate Banking and Branching Efficiency Act 1994, underscoring opt-in opt-out lobbying pressure this act assigns to state legislatures. Finally, develops a lobbying-pressure model designed explain statutory changes in framework financial regulation. The implies that de facto liberalization regulatory regime precedes its jure liberalization. Once adopted, banks remain place...
ABSTRACT New legislation and traditional FDIC insolvency‐resolution procedures transform intensify the principal‐agent problems most responsible for FSLIC mess. These explain counterproductive constraints on governance operating policies of agency rescuing salvaging assets in insolvent thrifts: RTC. The slow insolvency resolution, increase interim financing costs, undermine RTC recovery asset value. Operationalizing its task as preserving evanescent economically misconceived “franchise...
Abstract The New York State Mesonet (NYSM) is a network of 126 standard environmental monitoring stations deployed statewide with an average spacing 27 km. primary goal the NYSM to provide high-quality weather data at high spatial and temporal scales improve atmospheric prediction, especially for extreme events. As compared other networks, faced considerable deployment obstacles York’s complex terrain, forests, very rural urban areas; its wide range extremes; harsh winter conditions. To...
This paper portrays Federal Savings and Loan Insurance Corporation (FSLIC) forbearance congressional unwillingness to increase the FSLIC's human or capital resources size necessary handle developing economic insolvencies as a joint policy crime that has served bifurcate savings loan industry into living dead. As agents for taxpayer, Congress FSLIC have assumed too much discretion chosen exercise myopically. An agent duty represent its principal's interests more effectively than this. The...