Search Results
Working Paper
Premiums in private versus public bank branch sales
This paper is the first to directly estimate the determinants of differences in premiums received by public and private sellers in the market for bank branches (deposit bases). Deposit premiums received in private sector transactions exceeded those received by the FDIC and the RTC, even after controlling for known characteristics of the transactions and after corrections for possible sample selection bias. The observed differential disappeared by 1992, suggesting improved market efficiency and/or the impact of FDICIA (1991), which mandated "least-cost" resolution procedures for failed ...
Conference Paper
Can supervision and regulation ensure financial stability?
Working Paper
The efficiency of bank branches
Discussion Paper
Prices, nonprices and concentration in selected banking markets
Journal Article
Industry practices in credit risk modeling and internal capital allocations: implications for a models-based regulatory capital standard
This paper was presented at the conference "Financial services at the crossroads: capital regulation in the twenty-first century" as part of session 2, "Credit risk modeling." The conference, held at the Federal Reserve Bank of New York on February 26-27, 1998, was designed to encourage a consensus between the public and private sectors on an agenda for capital regulation in the new century.
Discussion Paper
External capital financing requirements of commercial banks, 1977-81
Discussion Paper
An imperfect markets model of the banking firm under regulation