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  1. Short-selling bans and bank stability
    Published: [2018]
    Publisher:  European Systemic Risk Board, Frankfurt am Main, Germany

    In both the subprime crisis and the euro-area crisis, regulators imposed bans on short sales, aimed mainly at preventing stock price turbulence from destabilizing financial institutions. Contrary to the regulators' intentions, financial institutions... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 611
    No inter-library loan

     

    In both the subprime crisis and the euro-area crisis, regulators imposed bans on short sales, aimed mainly at preventing stock price turbulence from destabilizing financial institutions. Contrary to the regulators' intentions, financial institutions whose stocks were banned experienced greater increases in the probability of default and volatility than unbanned ones, and these increases were larger for more vulnerable financial institutions. To take into account the endogeneity of short sales bans, we match banned financial institutions with unbanned ones of similar size and riskiness, and instrument the 2011 ban decisions with regulators' propensity to impose a ban in the 2008 crisis.

     

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    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789295210004
    Other identifier:
    hdl: 10419/193571
    Series: Working paper series / ESRB, European Systemic Risk Board, European System of Financial Supervision ; no 64 (January 2018)
    Subjects: Spekulation; Finanzmarktregulierung; Bankenkrise; Finanzkrise; Systemrisiko; EU-Staaten
    Scope: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  2. Firms’ capital structure and employment in the aftermath of the 2008-9 financial crisis
    Published: October 2023
    Publisher:  CSEF, Centre for Studies in Economics and Finance, Department of Economics, University of Naples, Naples, Italy

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    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 660
    No inter-library loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / CSEF, Centre for Studies in Economics and Finance ; no. 686
    Subjects: Bank financing; trade credit; employment; labor share
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  3. Short-selling bans and bank stability
    Published: 2016
    Publisher:  Centre for Economic Policy Research, London

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 32 (11090)
    Unlimited inter-library loan, copies and loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Array ; no. 11090
    Subjects: Spekulation; Finanzmarktregulierung; Bankenkrise; Finanzkrise; Systemrisiko; EU-Staaten
    Scope: 36 Seiten, Illustrationen
    Notes:

    Erscheint auch als Online-Ausgabe