How Banks Played the Leverage Game

By V. Acharya, Philipp Schnabl. 2009

110 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/132a02baf76d88169aebd9b295f7f82b26771fde

How researchers see this paper

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In Economics and Econometrics

1. E. Jansen
2. A. K. Anundsen
3. John V. Duca
4. Anthony Murphy
5. J. Muellbauer
6. Lawrence J. White

In Finance

1. E. Jansen
2. A. K. Anundsen
3. John V. Duca
4. Anthony Murphy
5. J. Muellbauer
6. Lawrence J. White

Citations in the corpus

• Housing markets and the financial crisis of 2007-2009: lessons for the future (2010, background): “There are a myriad of contributing factors and lessons to be learned from the current crisis, far too many to review in this study (for more details, see, for example, IMF, 2009, and Acharya and Schnabl, 2009).”
• Self-reinforcing effects between housing prices and credit: an extended version (2013, background): “A great number of factors contributed to the current crisis, see IMF (2009), Hubbard and Mayer (2009) and Acharia and Schnabl (2009). However, it seems to be widely agreed that it was primarily an unsustainable weakening of credit standards that induced the US mortgage lending and housing bubble.”
• THE CREDIT‐RATING AGENCIES AND THE SUBPRIME DEBACLE (2009, background): “Even though the yields on these senior tranches were somewhat less than the yields on the underlying mortgages, the higher leverage made the exchange worthwhile (Acharya and Schnabl 2009 ).”
• Shadow Banks and Macroeconomic Instability (2017, unknown): “(2011), and the mechanisms by which financial institutions effected such concentration are discussed in Acharya and Schnabl (2009). However, we will also be interested in how risk is distributed between commercial and shadow banks, and that depends on the properties of the ABS in issue.”
• Leverage across firms, banks, and countries ☆ (2012, unknown): “The names of the sponsor banks are taken from Acharya and Schnabl (2009). There are 70 conduit sponsor banks in their data set, of which we have located 62 in our data set.”
• Hazardous Times for Monetary Policy: What Do Twenty‐Three Million Bank Loans Say About the Effects of Monetary Policy on Credit Risk‐Taking? (2014, unknown): “Banks did not develop conduits or structured investment vehicles (SIVs) because the prevailing accounting and regulatory rules made banks consolidate these items and set aside sufficient capital (see also Acharya and Schnabl (2009)).”
• Systemic Risk and Bank Size (2018, unknown): “3 Acharya and Schnabl (2009) state that “.”
• The impact of securitization on the expansion of subprime credit (2013, unknown): “Acharya, Schnabl, and Suarez (2009) and Acharya and Richardson (2009) argue that securitization increased to facilitate regulatory capital arbitrage via asset-backed commercial paper programs.”