Search Results

SORT BY: PREVIOUS / NEXT
Keywords:Maskov Chain Monte Carlo (MCMC) 

Working Paper
Risk-Shifting, Regulation, and Government Assistance

This paper examines an episode when policy response to a financial crisis effectively incentivized financial institutions to reallocate their portfolios toward safe assets. Following a shift to a regime of enhanced regulation and scaled-down public assistance during the savings and loan crisis in 1989, I find that thrifts with a high probability of failure increased their composition of safe assets relative to thrifts with a low probability of failure. The findings also show a shift to safe assets among stock thrifts relative to mutual thrifts, thereby providing evidence of risk-shifting from ...
Research Working Paper , Paper RWP 19-10

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

C11 1 items

C31 1 items

C33 1 items

G21 1 items

G33 1 items

G38 1 items

show more (1)

PREVIOUS / NEXT