Have public bailouts made banks' loan books safer?
In response to the financial crisis, the authorities in a number of countries used public funds to recapitalise their banks. Did a reduction of risk in banks' lending follow these rescue operations? To help answer this question, we analyse the balance sheets and syndicated loan signings of 87 large internationally active banks. As loan signing volumes started diminishing across the board in 2009, our evidence shows that rescued banks did not reduce the risk of their new lending significantly more than non-rescued banks. Our results are relevant for the ongoing assessment of public bank rescue programmes.
Volume (Year): (2012)
Issue (Month): (September)
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- Bank for International Settlements, 2009.
"An assessment of financial sector rescue programmes,"
Bank for International Settlements, number 48, December.
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10/170, International Monetary Fund.
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- Yener Altunbas & Simone Manganelli & David Marques-Ibanez, 2012.
"Bank Risk during the Financial Crisis: Do business models matter?,"
12003, Bangor Business School, Prifysgol Bangor University (Cymru / Wales).
- Altunbas, Yener & Marqués-Ibáñez, David & Manganelli, Simone, 2011. "Bank risk during the financial crisis: do business models matter?," Working Paper Series 1394, European Central Bank.
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