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Financial Institutions, In And Out Of Crisis: Reflections By Anthony Saunders
Great strides have been made in research into financial intermediation over the past 15 to 20 years. Indeed, as a result of the recent financial crisis, research in this area has become increasingly important. This volume presents selected works of Anthony Saunders which are highly relevant to many of the broadly defined issues that arose during the crisis.The first section focuses on regulatory issues such as universal banking and bank consolidation (via mergers and acquisitions), as well as the importance of deposit insurance and related too-big-to-fail guarantees, all of which became controversial during the recent crisis. In subsequent sections, the focus shifts to issues relating to relationship lending and bank risk management. In particular, issues of incentives for managerial risk taking as well as its control, which have been proven to be pivotal during the crisis and given rise to numerous concerns about controlling management compensation and bank risk-taking activities, are lucidly discussed.
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Financial Institutions, In And Out Of Crisis: Reflections By Anthony Saunders
Great strides have been made in research into financial intermediation over the past 15 to 20 years. Indeed, as a result of the recent financial crisis, research in this area has become increasingly important. This volume presents selected works of Anthony Saunders which are highly relevant to many of the broadly defined issues that arose during the crisis.The first section focuses on regulatory issues such as universal banking and bank consolidation (via mergers and acquisitions), as well as the importance of deposit insurance and related too-big-to-fail guarantees, all of which became controversial during the recent crisis. In subsequent sections, the focus shifts to issues relating to relationship lending and bank risk management. In particular, issues of incentives for managerial risk taking as well as its control, which have been proven to be pivotal during the crisis and given rise to numerous concerns about controlling management compensation and bank risk-taking activities, are lucidly discussed.
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Financial Institutions, In And Out Of Crisis: Reflections By Anthony Saunders

Financial Institutions, In And Out Of Crisis: Reflections By Anthony Saunders

by Anthony Saunders (Editor)
Financial Institutions, In And Out Of Crisis: Reflections By Anthony Saunders

Financial Institutions, In And Out Of Crisis: Reflections By Anthony Saunders

by Anthony Saunders (Editor)

Overview

Great strides have been made in research into financial intermediation over the past 15 to 20 years. Indeed, as a result of the recent financial crisis, research in this area has become increasingly important. This volume presents selected works of Anthony Saunders which are highly relevant to many of the broadly defined issues that arose during the crisis.The first section focuses on regulatory issues such as universal banking and bank consolidation (via mergers and acquisitions), as well as the importance of deposit insurance and related too-big-to-fail guarantees, all of which became controversial during the recent crisis. In subsequent sections, the focus shifts to issues relating to relationship lending and bank risk management. In particular, issues of incentives for managerial risk taking as well as its control, which have been proven to be pivotal during the crisis and given rise to numerous concerns about controlling management compensation and bank risk-taking activities, are lucidly discussed.

Product Details

ISBN-13: 9789814374019
Publisher: World Scientific Publishing Company, Incorporated
Publication date: 01/03/2012
Pages: 644
Product dimensions: 6.50(w) x 9.80(h) x 1.60(d)

Table of Contents

Preface v

Acknowledgments xv

I Regulation: Universal Banking 1

1 "Bank Equity Stakes in Borrowing Firms and Financial Distress" The Review of Financial Studies A. Saunders M. Berlin K. John 3

2 "Bank Underwriting of Debt Securities: Modern Evidence" The Review of Financial Studies A. Saunders A. Gande M. Puri I. Walter 35

3 "Bank Entry, Competition, and the Market for Corporate Securities Underwriting" Journal of Financial Economics A. Saunders A. Gande M.Puri 63

II Regulation: Mergers and Acquisitions 95

4 "The Effects of Bank Mergers and Acquisitions on Small Business Lending" Journal of Financial Economics A. Saunders A. N. Berger J. M. Scalise G. F. Udell 97

5 "The Effects of Cross-Border Bank Mergers on Bank Risk and Value" Journal of International Money and Finance A. Saunders Y. Amihud G. L.DeLong 141

III Regulation: Deposit Insurance 163

6 "Contagious Bank Runs: Evidence from the 1929-1933 Period" Journal of Financial Intermediation A. Saunders B. Wilson 165

7 "If History Could Be Rerun: The Provision and Pricing of Deposit Insurance in 1933" Journal of Financial Intermediation A. Saunders B. Wilson 181

8 "Deposit Insurance and Regulatory Forbearance: Are Caps on Insured Deposits Optimal?" Journal of Money, Credit, and Banking A. Saunders J-F Dreyfus L. Allen 199

9 "A Theory of Bank Regulation and Management Compensation" The Review of Financial Studies A. Saunders K. John L. W. Senbet 227

IV Banks and Corporate Governance 259

10 "Bank Debt and Corporate Governance" The Review of Financial Studies A. Saunders V. Ivashina V. B. Nair N. Massoud R. Stover 261

11"So What Do I Get? The Bank's View of Lending Relationships" Journal of Financial Economics A. Saunders S. Bharath S. Dahiya A. Srinivasan 299

12 "Lending Relationships and Loan Contract Terms" The Review of Financial Studies A. Saunders S. T. Bharath S. Dahiya A. Srinivasan 351

13 "Financial Distress and Bank Lending Relationships" The Journal of Finance A. Saunders S. Dahiy A. Srinivasan 415

14 "Bank Borrowers and Loan Sales: New Evidence on the Uniqueness of Bank Loans" The Journal of Business A. Saunders S. Dahiya M. Puri 441

15 "The Impact of ATM Surcharges on Large versus Small Banks: Is There a Switching Effect?" The Journal of Business A. Saunders N. Massoud B. Scholnick 461

V Banks and Risk Management 489

16 "Ownership Structure, Deregulation, and Bank Risk Taking" The Journal of Finance A. Saunders E. Strock N. G. Travlos 491

17 "Credit Spreads in the Market for Highly Leveraged Transaction Loans" Journal of Banking and Finance A. Saunders L. A. Angbazo J. Mei 503

18 "Bank Debt versus Bond Debt: Evidence from Secondary Market Prices" Journal of Money, Credit and Banking A. Saunders E. I. Altman A. Gande 537

19 "Additions to Bank Loan-Loss Reserves: Good News or Bad News?" Journal of Monetary Economics A. Saunders T. Grammatikos 551

20 "Should Banks Be Diversified? Evidence from Individual Bank Loan Portfolios" The Journal of Business A. Saunders V. V. Acharya I. Hasan 567

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