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Have Public Bailouts Made Banks’ Loan Books Safer?

Author

Listed:
  • Michael Brei

    (EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

  • Blaise Gadanecz

Abstract

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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Michael Brei & Blaise Gadanecz, 2012. "Have Public Bailouts Made Banks’ Loan Books Safer?," Post-Print hal-01449920, HAL.
    • Handle: RePEc:hal:journl:hal-01449920
    as

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    Cited by:

    1. Gerhardt, Maria & Vennet, Rudi Vander, 2017. "Bank bailouts in Europe and bank performance," Finance Research Letters, Elsevier, vol. 22(C), pages 74-80.
    2. Glenn Hoggarth & John Hooley & Yevgeniya Korniyenko, 2013. "Financial Stability Paper No 22: Which way do foreign branches sway? Evidence from the recent UK domestic credit cycle," Bank of England Financial Stability Papers 22, Bank of England.

    More about this item

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers

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