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Essays on the banking industry and t...

Choudhuri, Pallavi.

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Essays on the banking industry and the U.S. economy: An empirical analysis.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Essays on the banking industry and the U.S. economy: An empirical analysis./
Author:	Choudhuri, Pallavi.
Description:	172 p.
Notes:	Source: Dissertation Abstracts International, Volume: 76-01(E), Section: A.
Contained By:	Dissertation Abstracts International76-01A(E).
Subject:	Economics. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3635986
ISBN:	9781321173857

Essays on the banking industry and the U.S. economy: An empirical analysis.
Choudhuri, Pallavi.

Essays on the banking industry and the U.S. economy: An empirical analysis. - 172 p.

Source: Dissertation Abstracts International, Volume: 76-01(E), Section: A.

Thesis (Ph.D.)--University of Wyoming, 2014.

This item must not be sold to any third party vendors.

This dissertation consists of three essays on the banking industry. The first essay examines the role of securitization and its impact on cost efficiency, and investigates whether banks that securitized their assets to manage their liquidity needs achieved greater cost efficiency in the short run, and whether there was any incentive towards taking on excessive credit risk in the process. The analysis is carried out for commercial banks that securitized their assets during the period leading up to the 2007-2009 financial crisis. The results suggest that for banks that are exposed to higher risk from unused loan commitments, increased cost efficiency is associated with an increase in banks' ability to securitize loans, prompted by higher loan portfolio liquidity. In addition, improved cost efficiency is associated with higher credit risk exposure from asset securitization for very large banks, providing distorted economic incentive to increase asset risk.

ISBN: 9781321173857Subjects--Topical Terms:

517137
Economics.

Essays on the banking industry and the U.S. economy: An empirical analysis.
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100 1 $a Choudhuri, Pallavi. $3 3175627
245 1 0 $a Essays on the banking industry and the U.S. economy: An empirical analysis.
300 $a 172 p.
500 $a Source: Dissertation Abstracts International, Volume: 76-01(E), Section: A.
500 $a Adviser: Sherrill L. Shaffer.
502 $a Thesis (Ph.D.)--University of Wyoming, 2014.
506 $a This item must not be sold to any third party vendors.
506 $a This item must not be added to any third party search indexes.
520 $a This dissertation consists of three essays on the banking industry. The first essay examines the role of securitization and its impact on cost efficiency, and investigates whether banks that securitized their assets to manage their liquidity needs achieved greater cost efficiency in the short run, and whether there was any incentive towards taking on excessive credit risk in the process. The analysis is carried out for commercial banks that securitized their assets during the period leading up to the 2007-2009 financial crisis. The results suggest that for banks that are exposed to higher risk from unused loan commitments, increased cost efficiency is associated with an increase in banks' ability to securitize loans, prompted by higher loan portfolio liquidity. In addition, improved cost efficiency is associated with higher credit risk exposure from asset securitization for very large banks, providing distorted economic incentive to increase asset risk.
520 $a The banking industry experienced great turmoil during the recent financial crisis, with increases in solvency risk, coupled with liquidity risk that exacerbated under a severe economy-wide liquidity shock. The second essay explores the relationship between liquidity and insolvency in the framework of the FHLB advances program used by commercial banks between 2007 and 2010. While the FHLB system provided an important source of liquidity for its member banks, the results provide evidence that borrowing per asset is positively associated with increases in the Texas ratio, an early warning signal of default risk, raising questions about moral hazard incentives embedded in the system.
520 $a The third essay explores the role played by banks in promoting technological innovation in the U.S. In particular, I examine whether changes in the banking industry following branch liberalization translated into a higher rate of innovative activity and the channels through which the finance-technology nexus takes place. The results show that while intrastate branch deregulation is negatively associated with technological innovation, the effect is positive after interstate branch deregulation through increased access to capital.
590 $a School code: 0264.
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710 2 $a University of Wyoming. $b Economics & Finance. $3 1064895
773 0 $t Dissertation Abstracts International $g 76-01A(E).
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791 $a Ph.D.
792 $a 2014
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3635986