Allen N. Berger's Books

TARP and other Bank Bailouts and Bail-Ins around the World

Connecting Wall Street, Main Street, and the Financial System

By: Allen N. Berger,Raluca A. Roman

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TARP and other Bank Bailouts and Bail-Ins around the World

Connecting Wall Street, Main Street, and the Financial System

By: Allen N. Berger,Raluca A. Roman

Financial crises are recurring phenomena that result in the financial distress of systemically important banks, making it imperative to understand how to best respond to such crises and their consequences. Two policy responses became prominent for dealing with these distressed institutions since the last Global Financial Crisis: bailouts and bail-ins. The main questions surrounding these responses touch everyone: Are bailouts or bail-ins good for the financial system and the real economy? Is it essential to save distressed financial institutions by putting taxpayer money at risk in bailouts, or is it better to use private money in bail-ins instead? Are there better options, such as first lines of defense that help prevent such distress in the first place? Can countercyclical prudential and monetary policies lessen the likelihood and severity of the financial crises that often bring about this distress? Through careful analysis, authors Berger and Roman review and critically assess the extant theoretical and empirical research on many resolution approaches and tools. Placing special emphasis on lessons learned from one of the biggest bailouts of all time, the Troubled Asset Relief Program (TARP), while also reviewing other programs and tools, TARP and Other Bank Bailouts and Bail-Ins around the World sheds light on how best to protect the financial system on Wall Street and the real economy on Main Street. - Presents a well-informed and rich account of bailouts, bail-ins, and other resolution approaches to resolve financially distressed banks. - Uses TARP as a key case study of bailouts that has been thoroughly researched. - Provides valuable research and policy guidance for dealing with future financial crises.

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Page Count

478

Publisher

Academic Press

Published Date

ISBN 10

0128138653

ISBN 13

9780128138656

Bank Liquidity Creation and Financial Crises

By: Allen N. Berger,Christa Bouwman

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Bank Liquidity Creation and Financial Crises

By: Allen N. Berger,Christa Bouwman

Bank Liquidity Creation and Financial Crises delivers a consistent, logical presentation of bank liquidity creation and addresses questions of research and policy interest that can be easily understood by readers with no advanced or specialized industry knowledge. Authors Allen Berger and Christa Bouwman examine ways to measure bank liquidity creation, how much liquidity banks create in different countries, the effects of monetary policy (including interest rate policy, lender of last resort, and quantitative easing), the effects of capital, the effects of regulatory interventions, the effects of bailouts, and much more. They also analyze bank liquidity creation in the US over the past three decades during both normal times and financial crises. Narrowing the gap between the "academic world" (focused on theories) and the "practitioner world" (dedicated to solving real-world problems), this book is a helpful new tool for evaluating a bank's performance over time and comparing it to its peer group. - Explains that bank liquidity creation is a more comprehensive measure of a bank's output than traditional measures and can also be used to measure bank liquidity - Describes how high levels of bank liquidity creation may cause or predict future financial crises - Addresses questions of research and policy interest related to bank liquidity creation around the world and provides links to websites with data and other materials to address these questions - Includes such hot-button topics as the effects of monetary policy (including interest rate policy, lender of last resort, and quantitative easing), the effects of capital, the effects of regulatory interventions, and the effects of bailouts

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296

Publisher

Academic Press

Published Date

ISBN 10

0128005319

ISBN 13

9780128005316

The Economic and Financial Impacts of the COVID-19 Crisis Around the World

Expect the Unexpected

By: Allen N. Berger,Mustafa U. Karakaplan,Raluca A. Roman

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The Economic and Financial Impacts of the COVID-19 Crisis Around the World

Expect the Unexpected

By: Allen N. Berger,Mustafa U. Karakaplan,Raluca A. Roman

The Economic and Financial Impacts of the COVID-19 Crisis Around the World: Expect the Unexpected provides an informed, research-based in-depth understanding of the COVID-19 crisis, its impacts on households, nonfinancial firms, banks, and financial market participants, and the effectiveness of the reactions of governments and policymakers in the United States and around the world. It provides reflections and perspectives on the social costs and benefits of various policies undertaken and a toolkit of preventive measures to deal with crises beyond the COVID-19 crisis. Authors Allen N. Berger, Mustafa U. Karakaplan, and Raluca A. Roman apply their expertise to the research and data on the COVID-19 economic crisis as well as draw on their own rich research experience. They take a holistic approach that compares and contrasts this crisis with other economic and financial crises and assesses economic and financial behavior and government policies in the booms before crises and the aftermaths following them, as well as the crises themselves. They do all this with a keen eye on "Expecting the Unexpected future crises, and policies that might anticipate them and provide better outcomes for society. - Serves as a compendium of available research and data on COVID-19, policies in response to the pandemic, and its effects on the real economy, banking sector, and financial markets - Contextualizes the COVID-19 economic crisis by comparing it to two other global crises from the past: the Crash of 1929 and the Global Financial Crisis of 2007–2009 - Helps illustrate how crises that originate in financial markets and in the banking sector differ from each other as well as from the COVID-19 crisis that harmed the real economy first - Compares the policies and outcomes of nations to the COVID-19 pandemic and assesses their costs and benefits, with potential implications for prospective future crises

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Page Count

522

Publisher

Elsevier

Published Date

ISBN 10

044315273X

ISBN 13

9780443152733

Surprising Use of Credit Scoring in Small Business Lending by Community Banks and the Attendant Effects on Credit Availability and Risk

By: Allen N. Berger

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Surprising Use of Credit Scoring in Small Business Lending by Community Banks and the Attendant Effects on Credit Availability and Risk

By: Allen N. Berger

There is a positive relationship between the use of credit scoring for small business (SB) loans and SB credit availability. This report employs data from a new survey on the use of credit scoring in SB lending, primarily by community banks. The survey evidence suggests that the use of credit scores in SB lending by community banks is surprisingly widespread. Moreover, the scores employed tend to be the consumer credit scores of the SB owners rather than the more encompassing SB credit scores that include data on the firms as well as on the owners. This empirical analysis suggests that credit scoring is associated with increased SB lending after a learning period, with no material change in the quality of the loan portfolio. Charts ad tables.

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DIANE Publishing

Published Date

ISBN 10

1437928781

ISBN 13

9781437928785

Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks

By: Allen N. Berger,Tanakorn Makaew,Rima Turk-Ariss

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Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks

By: Allen N. Berger,Tanakorn Makaew,Rima Turk-Ariss

Financial crises result in price and quantity rationing of otherwise creditworthy business borrowers, but little is known about the relative severity of these two types of rationing, which borrowers are rationed most, and the roles of foreign and domestic banks. Using a dataset from 50 countries containing over 18,000 business loans with information on the lender, the borrower, and contract terms, we find that publicly-listed borrowers are rationed more by prices or interest rates, whereas privately-held borrowers are rationed more by the number of loans. Also, the global financial crisis appears to have changed how banks price borrower risk. Further, there are important differences between foreign and domestic banks and between U.S. and non-U.S. loans.

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Publisher

International Monetary Fund

Published Date

ISBN 10

1484368096

ISBN 13

9781484368091

Bank Liquidity Creation and Financial Crises

By: Allen N. Berger,Christa Bouwman

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Bank Liquidity Creation and Financial Crises

By: Allen N. Berger,Christa Bouwman

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N/A

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Solve jigsaw puzzle

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Page Count

296

Publisher

Academic Press

Published Date

ISBN 10

0128005319

ISBN 13

9780128005316

Book's by Allen N. Berger

TARP and other Bank Bailouts and Bail-Ins around the World

TARP and other Bank Bailouts and Bail-Ins around the World

Bank Liquidity Creation and Financial Crises

Bank Liquidity Creation and Financial Crises

The Economic and Financial Impacts of the COVID-19 Crisis Around the World

The Economic and Financial Impacts of the COVID-19 Crisis Around the World

Surprising Use of Credit Scoring in Small Business Lending by Community Banks and the Attendant Effects on Credit Availability and Risk

Surprising Use of Credit Scoring in Small Business Lending by Community Banks and the Attendant Effects on Credit Availability and Risk

Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks

Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks

Bank Liquidity Creation and Financial Crises

Bank Liquidity Creation and Financial Crises

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