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TARP and other Bank Bailouts and Bail-Ins around the World
Connecting Wall Street, Main Street, and the Financial System
Taschenbuch von Allen N. Berger (u. a.)
Sprache: Englisch

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Beschreibung
Financial crises are recurring phenomena that result in the financial distress of systemically important banks, making it imperative to understand how to best respond to such crises and their consequences. Two policy responses became prominent for dealing with these distressed institutions since the last Global Financial Crisis: bailouts and bail-ins. The main questions surrounding these responses touch everyone: Are bailouts or bail-ins good for the financial system and the real economy? Is it essential to save distressed financial institutions by putting taxpayer money at risk in bailouts, or is it better to use private money in bail-ins instead? Are there better options, such as first lines of defense that help prevent such distress in the first place? Can countercyclical prudential and monetary policies lessen the likelihood and severity of the financial crises that often bring about this distress? Through careful analysis, authors Berger and Roman review and critically assess the extant theoretical and empirical research on many resolution approaches and tools. Placing special emphasis on lessons learned from one of the biggest bailouts of all time, the Troubled Asset Relief Program (TARP), while also reviewing other programs and tools, TARP and Other Bank Bailouts and Bail-Ins around the World sheds light on how best to protect the financial system on Wall Street and the real economy on Main Street.
Financial crises are recurring phenomena that result in the financial distress of systemically important banks, making it imperative to understand how to best respond to such crises and their consequences. Two policy responses became prominent for dealing with these distressed institutions since the last Global Financial Crisis: bailouts and bail-ins. The main questions surrounding these responses touch everyone: Are bailouts or bail-ins good for the financial system and the real economy? Is it essential to save distressed financial institutions by putting taxpayer money at risk in bailouts, or is it better to use private money in bail-ins instead? Are there better options, such as first lines of defense that help prevent such distress in the first place? Can countercyclical prudential and monetary policies lessen the likelihood and severity of the financial crises that often bring about this distress? Through careful analysis, authors Berger and Roman review and critically assess the extant theoretical and empirical research on many resolution approaches and tools. Placing special emphasis on lessons learned from one of the biggest bailouts of all time, the Troubled Asset Relief Program (TARP), while also reviewing other programs and tools, TARP and Other Bank Bailouts and Bail-Ins around the World sheds light on how best to protect the financial system on Wall Street and the real economy on Main Street.
Inhaltsverzeichnis
I Introductory materials1. Introduction to bank bailouts, bail-ins and the related topics covered in the book2. Conditions that generally bring about bank bailouts, bail-ins, and other resolution methods3. Descriptions of the TARP program, other bank bailouts and bail-ins, and other resolution approaches in the United States and around the world4. Theoretical background on bank bailouts, bail-ins, and other resolution approaches

II Empirical research on TARP5. Methodologies used in most of the TARP empirical studies6. Determinants of applying for and receiving TARP funds and exiting early from the program7. Effects of TARP on recipient banks' valuations8. Effects of TARP on market discipline9. Effects of TARP on bank leverage risk10. Effects of TARP on bank competition11. Effects of TARP on bank credit supply12. Effects of TARP on bank portfolio risk13. Effects of TARP on recipient banks' credit customers14. Effects of TARP on the real economy15. Effects of TARP on systemic risk

III Empirical evidence bank bailouts other than TARP, bail-ins, and other resolution approaches16. Empirical research on bailouts other than TARP17. Empirical research on bail-ins18. Empirical research on other resolution approaches

IV First lines of defense to help avoid bailouts, bail-ins, and other resolutions19. Mechanisms for the first lines of defense20. Capital requirements21. Liquidity requirements22. Stress tests23. Prudential regulatory activity restrictions24. Prudential supervision25. Deposit insurance26. Direct government ownership of banks

V Looking toward the future27. Social costs and benefits28. Implications for bank policymakers and bank managers29. Open research questions to be addressed by future research

Details
Medium: Taschenbuch
ISBN-13: 9780128138649
ISBN-10: 0128138645
Sprache: Englisch
Herstellernummer: C2017-0-00528-1
Autor: Berger, Allen N.
Roman, Raluca A.
Hersteller: Academic Press
Elsevier Science & Technology
Maße: 21 x 152 x 229 mm
Von/Mit: Allen N. Berger (u. a.)
Gewicht: 0,75 kg
preigu-id: 126702203
Inhaltsverzeichnis
I Introductory materials1. Introduction to bank bailouts, bail-ins and the related topics covered in the book2. Conditions that generally bring about bank bailouts, bail-ins, and other resolution methods3. Descriptions of the TARP program, other bank bailouts and bail-ins, and other resolution approaches in the United States and around the world4. Theoretical background on bank bailouts, bail-ins, and other resolution approaches

II Empirical research on TARP5. Methodologies used in most of the TARP empirical studies6. Determinants of applying for and receiving TARP funds and exiting early from the program7. Effects of TARP on recipient banks' valuations8. Effects of TARP on market discipline9. Effects of TARP on bank leverage risk10. Effects of TARP on bank competition11. Effects of TARP on bank credit supply12. Effects of TARP on bank portfolio risk13. Effects of TARP on recipient banks' credit customers14. Effects of TARP on the real economy15. Effects of TARP on systemic risk

III Empirical evidence bank bailouts other than TARP, bail-ins, and other resolution approaches16. Empirical research on bailouts other than TARP17. Empirical research on bail-ins18. Empirical research on other resolution approaches

IV First lines of defense to help avoid bailouts, bail-ins, and other resolutions19. Mechanisms for the first lines of defense20. Capital requirements21. Liquidity requirements22. Stress tests23. Prudential regulatory activity restrictions24. Prudential supervision25. Deposit insurance26. Direct government ownership of banks

V Looking toward the future27. Social costs and benefits28. Implications for bank policymakers and bank managers29. Open research questions to be addressed by future research

Details
Medium: Taschenbuch
ISBN-13: 9780128138649
ISBN-10: 0128138645
Sprache: Englisch
Herstellernummer: C2017-0-00528-1
Autor: Berger, Allen N.
Roman, Raluca A.
Hersteller: Academic Press
Elsevier Science & Technology
Maße: 21 x 152 x 229 mm
Von/Mit: Allen N. Berger (u. a.)
Gewicht: 0,75 kg
preigu-id: 126702203
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