Optimal liquidity management and bail-out policy in the banking industry
Article Abstract:
The optimal response of a commercial bank to the interest rate at which the Central Bank offers liquidity is determined. A welfare analysis that delineates the socially optimal bail-out policy is presented to show that the commercial bank does not fully internalize the social costs of a liquidity crisis.
Publication Name: Journal of Banking & Finance
Subject: Business
ISSN: 0378-4266
Year: 2004
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Who's minding the store? Minding and monitoring hired managers at small, closely held commercial banks
Article Abstract:
Hiring outside managers for small, closely held banking corporations can improve profitablility but there should be a delicate maintenance of a balance between monitoring the manager and making the hired manager a minority shareholder.
Publication Name: Journal of Banking & Finance
Subject: Business
ISSN: 0378-4266
Year: 2001
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Should banks own equity stakes in their borrowers? A contractual solution to hold-up problems
Article Abstract:
Ownership for banks holding equity stocks from industrial creditors and an contractual process for addressing this problem is presented.
Publication Name: Journal of Banking & Finance
Subject: Business
ISSN: 0378-4266
Year: 2006
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