Banking

Social Responsibility and Bank Resiliency

We provide transatlantic evidence about the relation between social responsibility and resiliency in the banking industry. We analyse various...

The Rising Tide Lifts Some Interest Rates: Climate Change, Natural Disasters and Loan Pricing

Banks price physical climate change-related risks after observing natural disasters linked to climate change. We isolate this updating process by...

Governments as Investors of Last Resort Credit Crisis Comparative Case Studies

Banking Union: Aspects of the Single Supervisory Mechanism and the Single Resolution Mechanism Compared

The Banking Union is based on different components, partly on directives applicable throughout the EU, partly on two regulations applicable only in the...

Financial Integration and Firm Performance: Evidence from Foreign Bank Entry in Emerging Markets

While the positive growth effects of financial integration are extensively documented, little is known of its impact on small and young firms. This...

The New Synthesis of Bank Regulation and Bankruptcy in the Dodd-Frank Era

Since the enactment of the Dodd-Frank Act in 2010, U.S. bank regulation and bankruptcy have become far more closely intertwined. In this Article, I ask...

Regulatory Pressure and Bank Directors' Incentives to Attend Board Meetings

The primary way in which directors obtain necessary information is by attending board meetings. Bank directors, in particular, are strongly urged to...

FinTech and The Law & Economics of Disintermediation

As FinTech promises to increase competition for both banks and investment firms, we consider the market failures that emerge from its existence,...

Credit, Crises and Infrastructure: The Differing Fates of Large and Small Businesses

This essay sheds new light on the importance of credit creation infrastructure in determining who actually receives government support during periods...

Why Did Some Banks Perform Better during the Credit Crisis? A Cross-Country Study of the Impact of Governance and Regulation

Making Bank Resolution Credible

Financial difficulties at large financial institutions present governments and regulators with an unenviable dilemma. On the one hand, they are...

Bank CEO Incentives and the Credit Crisis