Structural Corporate Degradation Due to Too-Big-to-Fail Finance
Corporate governance incentives at too-big-to-fail financial firms deserve systematic examination. For industrial conglomerates that have grown...
Read moreCorporate governance incentives at too-big-to-fail financial firms deserve systematic examination. For industrial conglomerates that have grown...
Read moreThe Covid crisis raises important questions about the role of stress testing during periods of systemic distress. Should stress testing of banks be...
Read moreThis essay focuses on the classic 1940 case Litwin v. Allen, 25 N.Y.S.2d 667 (1940), in which the court ruled that directors and officers of a bank were...
Read moreThe recent bailout of Credit Suisse is noteworthy for many reasons. One of them is that, while AT1 bondholders were wiped out, shareholders were not. This...
Read moreWhile the positive growth effects of financial integration are extensively documented, little is known of its impact on small and young firms. This...
Read moreFinancial difficulties at large financial institutions present governments and regulators with an unenviable dilemma. On the one hand, they are...
Read moreThe European Banking Authority (EBA), an EU agency that works to ensure effective and consistent prudential regulation and supervision across the...
Read moreBanks are special, and so is the corporate governance of banks and other financial institutions as compared with the general corporate governance of...
Read moreThis paper empirically examines the Capital Purchase program (CPP) under TARP that was used by the U.S. government to bail out distressed banks with...
Read moreFinancial institutions’ heterogeneity, a high degree of dissimilarity across multiple dimensions, including business focuses, correlated asset...
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