Bank Bailouts, Competition, and the Disparate Effects for Borrower and Depositor Welfare

This paper investigates how government interventions into banking systems such as blanket guarantees, liquidity support, recapitalizations, and nationalizations affect banking competition. This debate is important because the pricing of banking pro...

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Bibliographic Details
Main Authors:	Calderon, Cesar, Schaeck, Klaus
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, D.C. 2013
Subjects:	ACCESS TO BANKING ACCESS TO BANKING SERVICES ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCOUNTING ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES BAILOUT BALANCE SHEET BALANCE SHEETS BALANCE-SHEET BANK ACCOUNTS BANK ASSETS BANK BAILOUTS BANK BRANCH BANK BRANCHES BANK COMPETITION BANK CONSOLIDATION BANK CREDIT BANK CUSTOMERS BANK DEBT BANK FAILURES BANK LENDING BANK LIQUIDITY BANK POLICY BANK PROFITABILITY BANK RECAPITALIZATION BANK REGULATION BANK SPREADS BANKING CRISES BANKING CRISIS BANKING MARKET BANKING MARKETS BANKING PANICS BANKING SECTOR BANKING SECTORS BANKING SERVICES BANKING SYSTEM BANKING SYSTEM ASSETS BANKING SYSTEMS BANKS BARRIER TO ENTRY BORROWER BRANCH DENSITY CAPITAL ACCOUNT CAPITAL INJECTIONS CAPITALIZATION CENTRAL BANK CHECKS COMMERCIAL LOANS COMPETITOR BANKS CONSOLIDATION CONVERSIONS CORE DEPOSITS CORPORATE BORROWERS CREDIT AVAILABILITY CREDIT MARKET CREDIT PROVISION CREDITORS CRISIS COUNTRIES CURRENCY CRISES CURRENCY CRISIS DEBT DEMAND FOR CREDIT DEPENDENT DEPOSIT DEPOSIT INSURANCE DEPOSIT INSURANCE COVERAGE DEPOSITOR DEPOSITORS DEPOSITS DISCLOSURE REQUIREMENTS DISTRESSED BANKS DOMESTIC BANKS DOMESTIC CREDIT DUMMY VARIABLE DUMMY VARIABLES ECONOMIC DEVELOPMENT ECONOMICS EMERGENCY LENDING EMERGING MARKET EMERGING MARKET COUNTRY EMERGING MARKETS ENTREPRENEURSHIP ENTRY BARRIERS EQUITY CAPITAL EQUITY PARTICIPATION EQUITY STAKE FAIR VALUE FEDERAL RESERVE FEDERAL RESERVE BANK FEDERAL RESERVE BANK OF NEW YORK FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL DISTRESS FINANCIAL FRAGILITY FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STUDIES FINANCIAL SUPPORT FINANCIAL SYSTEM FINANCIAL SYSTEM DEVELOPMENT FINANCIAL SYSTEM DEVELOPMENTS FINANCIAL SYSTEMS FOREIGN BANK FOREIGN BANK PARTICIPATION FOREIGN BANK PENETRATION FOREIGN BANKS FOREIGN CREDITORS FOREIGN CURRENCY FOREIGN CURRENCY LOANS FUTURE BAILOUTS GLOBAL BANKING GOVERNMENT AID GOVERNMENT EXPENDITURE GOVERNMENT INTERVENTION GOVERNMENT INTERVENTIONS GOVERNMENT INVESTMENT GOVERNMENT OWNERSHIP GOVERNMENT SUPPORT HELD TO MATURITY SECURITIES INCOME CATEGORIES INCOME CATEGORY INCOME GROUP INDIVIDUAL BANKS INFLATION INFORMATION ASYMMETRIES INSTRUMENT INTANGIBLE INTANGIBLE ASSETS INTANGIBLES INTEREST INCOME INTEREST RATE INTEREST RATE RISK INTERNATIONAL BANK LARGE BANK LARGE BANKS LEGAL REQUIREMENTS LENDER LENDER OF LAST RESORT LIMITED LIABILITY LIQUIDATIONS LIQUIDITY SUPPORT LOAN LOAN CATEGORIES LOAN GUARANTEES LOAN MARKET LOAN MARKETS LOAN RATE LOAN RATES LOAN VOLUMES MACROECONOMIC STABILITY MACROECONOMICS MARKET CAPITALIZATION MARKET COMPETITION MARKET CONCENTRATION MARKET CONDITIONS MARKET DISCIPLINE MARKET ECONOMIES MARKET PARTICIPANTS MARKET SHARE MARKET SHARES MARKET STRUCTURE MARKET VALUES MATURITY MATURITY MISMATCH MERGERS MONETARY FUND MONETARY POLICY MONEY MARKET MONEY MARKET RATE MONEY MARKET RATES MORAL HAZARD MORTGAGE LOANS NATIONALIZED BANKS NET INTEREST MARGIN NET WORTH NONPERFORMING LOANS NUMBER OF BANK PAYMENT SYSTEMS POLICY RESPONSE POLICY RESPONSES POLITICAL ECONOMY PORTFOLIO PORTFOLIOS POSITIVE COEFFICIENT PRINCIPAL-AGENT PROBLEMS PROFITABILITY PROVISION OF CREDIT PUBLIC FUNDS RATE OF RETURN REAL ESTATE RECAPITALIZATION RECAPITALIZATIONS REGULATORY FORBEARANCE REGULATORY FRAMEWORKS RESIDENTIAL MORTGAGE RISK TAKING RISKY ASSETS RISKY BORROWERS SAFETY NET SAVINGS SECURITIES SMALL BANKS SOLVENCY STOCK RETURNS STRUCTURAL ADJUSTMENT SUPERVISION OF BANKS SYSTEMIC BANKING CRISES SYSTEMIC CRISES SYSTEMIC CRISIS SYSTEMIC RISK TAX TAX POLICIES TERMS OF LOAN TRANSPARENCY TRANSPARENT SYSTEM
Online Access:	http://documents.worldbank.org/curated/en/2013/04/17580914/bank-bailouts-competition-disparate-effects-borrower-depositor-welfare http://hdl.handle.net/10986/14449

Internet

http://documents.worldbank.org/curated/en/2013/04/17580914/bank-bailouts-competition-disparate-effects-borrower-depositor-welfare
http://hdl.handle.net/10986/14449

Bank Bailouts, Competition, and the Disparate Effects for Borrower and Depositor Welfare

Internet

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