Bank Resolution Costs, Depositor Preference, and Asset Encumbrance:
Depositor preference and collateralization of borrowing may reduce the cost of settling the conflicts among creditors that arises in case of resolution or bankruptcy. This net benefit, which may be capitalized into the value of the bank rather than affect creditors' expected returns, should res...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2013
|
Schriftenreihe: | IMF Working Papers
Working Paper No. 13/172 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | Depositor preference and collateralization of borrowing may reduce the cost of settling the conflicts among creditors that arises in case of resolution or bankruptcy. This net benefit, which may be capitalized into the value of the bank rather than affect creditors' expected returns, should result in lower overall funding costs and thus a lower probability of distress despite increasing encumbrance of the bank's balance sheet. The benefit is maximized when resolution is initiated early enough for preferred depositors to remain fully protected |
Beschreibung: | 1 Online-Ressource (30 p) |
ISBN: | 1484354109 9781484354100 |
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spelling | Hardy, Daniel C. Verfasser aut Bank Resolution Costs, Depositor Preference, and Asset Encumbrance Hardy, Daniel C Washington, D.C International Monetary Fund 2013 1 Online-Ressource (30 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 13/172 Depositor preference and collateralization of borrowing may reduce the cost of settling the conflicts among creditors that arises in case of resolution or bankruptcy. This net benefit, which may be capitalized into the value of the bank rather than affect creditors' expected returns, should result in lower overall funding costs and thus a lower probability of distress despite increasing encumbrance of the bank's balance sheet. The benefit is maximized when resolution is initiated early enough for preferred depositors to remain fully protected Online-Ausg http://elibrary.imf.org/view/IMF001/20687-9781484354100/20687-9781484354100/20687-9781484354100.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Hardy, Daniel C. Bank Resolution Costs, Depositor Preference, and Asset Encumbrance |
title | Bank Resolution Costs, Depositor Preference, and Asset Encumbrance |
title_auth | Bank Resolution Costs, Depositor Preference, and Asset Encumbrance |
title_exact_search | Bank Resolution Costs, Depositor Preference, and Asset Encumbrance |
title_exact_search_txtP | Bank Resolution Costs, Depositor Preference, and Asset Encumbrance |
title_full | Bank Resolution Costs, Depositor Preference, and Asset Encumbrance Hardy, Daniel C |
title_fullStr | Bank Resolution Costs, Depositor Preference, and Asset Encumbrance Hardy, Daniel C |
title_full_unstemmed | Bank Resolution Costs, Depositor Preference, and Asset Encumbrance Hardy, Daniel C |
title_short | Bank Resolution Costs, Depositor Preference, and Asset Encumbrance |
title_sort | bank resolution costs depositor preference and asset encumbrance |
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