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The Subsidy Provided by the Federal Safety Net: Theory and Evidence

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  • Myron Kwast
  • S. Passmore

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  • Myron Kwast & S. Passmore, 1999. "The Subsidy Provided by the Federal Safety Net: Theory and Evidence," Journal of Financial Services Research, Springer;Western Finance Association, vol. 16(2), pages 125-145, December.
    • Handle: RePEc:kap:jfsres:v:16:y:1999:i:2:p:125-145
    DOI: 10.1023/A:1008184207595
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    References listed on IDEAS

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    1. Kwast, Myron L., 1989. "The impact of underwriting and dealing on bank returns and risks," Journal of Banking & Finance, Elsevier, vol. 13(1), pages 101-125, March.
    2. Frederick T. Furlong, 1997. "Federal subsidies in banking: the link to financial modernization," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue oct24.
    3. Ted Temzelides, 1997. "Are bank runs contagious?," Business Review, Federal Reserve Bank of Philadelphia, issue Nov, pages 3-14.
    4. Peltzman, Sam, 1970. "Capital Investment in Commercial Banking and Its Relationship to Portfolio Regulation," Journal of Political Economy, University of Chicago Press, vol. 78(1), pages 1-26, Jan.-Feb..
    5. Kenneth A. Carow & Glen A. Larsen Jr., 1997. "The Effect Of Fdicia Regulation On Bank Holding Companies," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 20(2), pages 159-174, June.
    6. Carow, Kenneth A & Larsen, Glen A, Jr, 1997. "The Effect of FDICIA Regulation on Bank Holding Companies," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 20(2), pages 159-174, Summer.
    7. Myron L. Kwast & Wayne Passmore, "undated". "The Subsidy Provided by the Federal Safety Net: Theory, Measurement, and Containment," Finance and Economics Discussion Series 1997-58, Board of Governors of the Federal Reserve System (U.S.), revised 10 Dec 2019.
    8. Boyd, John H. & Graham, Stanley L. & Hewitt, R. Shawn, 1993. "Bank holding company mergers with nonbank financial firms: Effects on the risk of failure," Journal of Banking & Finance, Elsevier, vol. 17(1), pages 43-63, February.
    9. Mark S. Carey & Mitchell A. Post & Steven A. Sharpe, 1996. "Does corporate lending by banks and finance companies differ? Evidence on specialization in private debt contracting," Finance and Economics Discussion Series 96-25, Board of Governors of the Federal Reserve System (U.S.).
    10. Kathleen A. Kuester & James M. O'Brien, 1990. "Market-based deposit insurance premiums," Proceedings 264, Federal Reserve Bank of Chicago.
    11. Miller, Merton H., 1995. "Do the M & M propositions apply to banks?," Journal of Banking & Finance, Elsevier, vol. 19(3-4), pages 483-489, June.
    12. Mark Carey & Mitch Post & Steven A. Sharpe, 1998. "Does Corporate Lending by Banks and Finance Companies Differ? Evidence on Specialization in Private Debt Contracting," Journal of Finance, American Finance Association, vol. 53(3), pages 845-878, June.
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    Cited by:

    1. Toader, Oana, 2015. "Quantifying and explaining implicit public guarantees for European banks," International Review of Financial Analysis, Elsevier, vol. 41(C), pages 136-147.
    2. Andreas Lehnert & Wayne Passmore, 1999. "The banking industry and the safety net subsidy," Finance and Economics Discussion Series 1999-34, Board of Governors of the Federal Reserve System (U.S.).
    3. Hartarska, Valentina & Nadolnyak, Denis, 2008. "Does rating help microfinance institutions raise funds? Cross-country evidence," International Review of Economics & Finance, Elsevier, vol. 17(4), pages 558-571, October.
    4. Dia, Enzo & VanHoose, David, 2018. "Fixed costs and capital regulation: Impacts on the structure of banking markets and aggregate loan quality," Journal of Financial Stability, Elsevier, vol. 36(C), pages 53-65.

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    Keywords

    banking; subsidy; safety net;
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