Bailout policies, bank competition and bank risk-taking in crisis periods
Autor(a) principal: | |
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Data de Publicação: | 2016 |
Outros Autores: | |
Tipo de documento: | Artigo de conferência |
Idioma: | eng |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | http://hdl.handle.net/10438/17416 |
Resumo: | Evento: Multinational Finance Society Annual Meeting e Apresentação |
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Schiozer, Rafael FelipeVilarins, Ramon SilvaDemais unidades::RPCA2016-11-03T12:39:04Z2016-11-03T12:39:04Z2016http://hdl.handle.net/10438/17416Evento: Multinational Finance Society Annual Meeting e ApresentaçãoThis paper analyzes the impact of government bailout policies on the risk of the banking sector in OECD countries between 2005 and 2013. We use the 2007-2008 financial crisis as an exogenous source of change in bailout expectations. First, in line with the moral hazard hypothesis, we verify that financial institutions with high bailout expectations assume higher risks than others. Second, we find that, in normal times, rescue guarantees to large financial institutions distort competition in the sector and increase the risk of the other institutions. However, during the recent financial crisis, increases in the rescue expectation of competitors of an institution, to the extent that they represent a reduction in its chance of bailout, decrease its risk taking. Additionally, in a crisis period, it is also evident that the deterioration in the countries’ sovereign capacity to bailout banks is associated with lower risk taking; on average, the increase in risk taking is higher in countries with a better fiscal condition.engBank bailoutBank risk takingBank competitionFinancial crisisAdministração de empresasCrise financeiraRisco (Economia)BancosBailout policies, bank competition and bank risk-taking in crisis periodsinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/conferenceObjectreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessRede de PesquisaTEXTBailout_Policies_Bank_Competition_and_Bank_Risk_Taking_in_Crisis_Periods.pdf.txtBailout_Policies_Bank_Competition_and_Bank_Risk_Taking_in_Crisis_Periods.pdf.txtExtracted 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dc.title.eng.fl_str_mv |
Bailout policies, bank competition and bank risk-taking in crisis periods |
title |
Bailout policies, bank competition and bank risk-taking in crisis periods |
spellingShingle |
Bailout policies, bank competition and bank risk-taking in crisis periods Schiozer, Rafael Felipe Bank bailout Bank risk taking Bank competition Financial crisis Administração de empresas Crise financeira Risco (Economia) Bancos |
title_short |
Bailout policies, bank competition and bank risk-taking in crisis periods |
title_full |
Bailout policies, bank competition and bank risk-taking in crisis periods |
title_fullStr |
Bailout policies, bank competition and bank risk-taking in crisis periods |
title_full_unstemmed |
Bailout policies, bank competition and bank risk-taking in crisis periods |
title_sort |
Bailout policies, bank competition and bank risk-taking in crisis periods |
author |
Schiozer, Rafael Felipe |
author_facet |
Schiozer, Rafael Felipe Vilarins, Ramon Silva |
author_role |
author |
author2 |
Vilarins, Ramon Silva |
author2_role |
author |
dc.contributor.unidadefgv.por.fl_str_mv |
Demais unidades::RPCA |
dc.contributor.author.fl_str_mv |
Schiozer, Rafael Felipe Vilarins, Ramon Silva |
dc.subject.eng.fl_str_mv |
Bank bailout Bank risk taking Bank competition Financial crisis |
topic |
Bank bailout Bank risk taking Bank competition Financial crisis Administração de empresas Crise financeira Risco (Economia) Bancos |
dc.subject.area.por.fl_str_mv |
Administração de empresas |
dc.subject.bibliodata.por.fl_str_mv |
Crise financeira Risco (Economia) Bancos |
description |
Evento: Multinational Finance Society Annual Meeting e Apresentação |
publishDate |
2016 |
dc.date.accessioned.fl_str_mv |
2016-11-03T12:39:04Z |
dc.date.available.fl_str_mv |
2016-11-03T12:39:04Z |
dc.date.issued.fl_str_mv |
2016 |
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http://hdl.handle.net/10438/17416 |
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eng |
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eng |
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info:eu-repo/semantics/openAccess |
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openAccess |
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