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The Resource The value impact of bank bailouts during the financial crisis 2008, Katharina Schade

The value impact of bank bailouts during the financial crisis 2008, Katharina Schade

Label
The value impact of bank bailouts during the financial crisis 2008
Title
The value impact of bank bailouts during the financial crisis 2008
Statement of responsibility
Katharina Schade
Creator
Subject
Language
eng
Summary
This book analyses bank rescue measures implemented after Lehman Brothers Inc. went bankrupt in autumn 2008, both theoretically and empirically in the context of Myers' debt overhang theory (1977). After having deduced theoretically how a debt overhang situation might have arisen due to an external shock in the banking sector, the author examines the impact of different forms of government intervention on the book and market values of individual debt and equity positions as well as CDS contracts used to hedge the credit risk of the bank in the context of the aforementioned model. A distinction is made between banks initially suffering from debt overhang or not and whether the bailout measure employed resolved their debt overhang or not. The results are then tested empirically by means of an event study. While the effects on a bank's equity value are approximated based on share price reaction, the impact on its debt position is tested by the development of CDS spreads surrounding the bailout measure. --
Member of
Assigning source
Provided by publisher
http://library.link/vocab/creatorName
Schade, Katharina
Index
no index present
Literary form
non fiction
Series statement
Nomos-Universitätsschriften. Volkswirtschaftslehre
Series volume
Band 6
http://library.link/vocab/subjectName
  • Global Financial Crisis, 2008-2009
  • Financial crises
  • Financial risk management
  • Financial institutions
Label
The value impact of bank bailouts during the financial crisis 2008, Katharina Schade
Instantiates
Publication
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
ocn961099701
Dimensions
23 cm
Edition
1. Auflage
Extent
172 pages
Isbn
9783848735853
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
(OCoLC)975282939
Label
The value impact of bank bailouts during the financial crisis 2008, Katharina Schade
Publication
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
ocn961099701
Dimensions
23 cm
Edition
1. Auflage
Extent
172 pages
Isbn
9783848735853
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
(OCoLC)975282939

Library Locations

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      Via dei Roccettini 9, San Domenico di Fiesole, 50014, IT
      43.803074 11.283055
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