Political connections and depositor discipline
نویسندگان
چکیده
منابع مشابه
Depositor Discipline at Failing Banks
U ninsured depositors, whose deposits are not fully protected by federal deposit insurance, have an incentive to monitor banks' activities and impose additional funding costs on risky banks. This pricing is a form of market discipline, since the market penalizes banks for taking on greater risk. For banks that become troubled, market discipline can take a more severe form: Market participants m...
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The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. This study examines how depositors decide among different banks and over time in Colombia, with particular attention to the issue of market d...
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Do political connections increase bank risk-taking, or do they work as a financial safety net ex post? Using a data set of lobbying activities by US financial institutions, this paper provides empirical evidence that lobbying activities reduce banks’ risks under the presence of government bailouts. First, I uncover from an event study the fact that political connections and government bailouts ...
متن کاملFirst draft. Comments welcome. DEPOSITOR BEHAVIOR AND MARKET DISCIPLINE IN COLOMBIA
This empirical study examines how the public makes decisions to place deposits among different banks and over time in the Colombian banking system. Recent studies suggest that in several Latin American countries, depositors exhibit significant responsiveness to performance indicators. With our specification, we set out to control for a more comprehensive set of risk/return factors, and thus con...
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ژورنال
عنوان ژورنال: Journal of Financial Stability
سال: 2013
ISSN: 1572-3089
DOI: 10.1016/j.jfs.2013.04.005