Why don't banks take stock?
AbstractBanks in the United States are forbidden to hold stock in nonfinancial firms under most circumstances. The same is not true of banks in other countries. But are U.S. banks really shackled compared with their foreign counterparts? Do such restrictions make a difference in banks' behavior? Mitchell Berlin discusses these and other questions about banks' financial claims in nonfinancial firms and offers some possible answers.
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Bibliographic InfoArticle provided by Federal Reserve Bank of Philadelphia in its journal Business Review.
Volume (Year): (2000)
Issue (Month): May ()
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- Billett, Matthew T & Flannery, Mark J & Garfinkel, Jon A, 1995. " The Effect of Lender Identity on a Borrowing Firm's Equity Return," Journal of Finance, American Finance Association, vol. 50(2), pages 699-718, June.
- Berlin, Mitchell & John, Kose & Saunders, Anthony, 1996.
"Bank Equity Stakes in Borrowing Firms and Financial Distress,"
Review of Financial Studies,
Society for Financial Studies, vol. 9(3), pages 889-919.
- Mitchell Berlin & Kose John & Anthony Saunders, 1995. "Bank equity stakes in borrowing firms and financial distress," Working Papers 96-1, Federal Reserve Bank of Philadelphia.
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ULB Institutional Repository
2013/9593, ULB -- Universite Libre de Bruxelles.
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"Optimal Financial Contracts for Large Investors: The Role of Lender Liability,"
Center for Financial Institutions Working Papers
99-33, Wharton School Center for Financial Institutions, University of Pennsylvania.
- Mitchell Berlin & Loretta J. Mester, 2000. "Optimal financial contracts for large investors: the role of lender liability," Working Papers 00-1, Federal Reserve Bank of Philadelphia.
- James, Christopher, 1996. " Bank Debt Restructurings and the Composition of Exchange Offers in Financial Distress," Journal of Finance, American Finance Association, vol. 51(2), pages 711-27, June.
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