Search Results
Showing results 1 to 7 of approximately 7.
(refine search)
Speech
Lessons from the financial crisis: remarks at The Economic Club of New York, New York City
Remarks at The Economic Club of New York, New York City.
Speech
The Financial Crisis: perspectives from a decade on: remarks to the Administrative and Banking Law Committees of the Association of the Bar of the City of New York, New York City
Remarks to the Administrative and Banking Law Committees of the Association of the Bar of the City of New York, New York City.
Working Paper
What we learn from China's rising shadow banking: exploring the nexus of monetary tightening and banks' role in entrusted lending
We argue that China's rising shadow banking was inextricably linked to potential balance-sheet risks in the banking system. We substantiate this argument with three didactic findings: (1) commercial banks in general were prone to engage in channeling risky entrusted loans; (2) shadow banking through entrusted lending masked small banks' exposure to balance-sheet risks; and (3) two well-intended regulations and institutional asymmetry between large and small banks combined to give small banks an incentive to exploit regulatory arbitrage by bringing off-balance-sheet risks into the balance ...
Journal Article
Banking Trends: Estimating Today's Commercial Real Estate Risk
To survive a decline in commercial real estate prices such as occurred during the financial crisis, how much more capital do banks today need?
Journal Article
Banking Trends: Estimating Today's Commercial Real Estate Risk
To survive a decline in commercial real estate prices such as occurred during the financial crisis, how much more capital do banks today need?
Journal Article
BANKING TRENDS: Credit Unions’ Expanding Footprint
Is there any evidence new rules could cause small banks to lose market share to credit unions? One of the main banking stories of the past 25 years has been the dramatic growth of large banks. Less well known is that credit unions have been expanding their market share during this time, too, especially after membership criteria were relaxed in 1998. While credit unions have been increasing their market share, small banks? market share has declined. And now, legal changes that took effect in January 2017 expanded credit unions? capacity to make loans to commercial customers, raising further ...
Working Paper
Bank Size and Household Financial Sentiment: Surprising Evidence from the University of Michigan Surveys of Consumers
We analyze comparative advantages/disadvantages of small and large banks in improving household sentiment regarding financial conditions. We match sentiment data from the University Of Michigan Surveys Of Consumers with local banking market data from 2000 to 2014. Surprisingly, the evidence suggests that large rather than small banks have significant comparative advantages in boosting household sentiment. Findings are robust to instrumental variables and other econometric methods. Additional analyses are consistent with both scale economies and the superior safety of large banks as channels ...