The DOI matches its Crossref record; 10 of the 10 references it cites were found in a registry or an index.
Deposit Insurance and Wealth Effects: The Value of Being “Too Big to Fail”
Abstract
This paper investigates the effect on bank equity values of the Comptroller of the Currency's announcement that some banks were “too big to fail” and that for those banks total deposit insurance would be provided. Using an event study methodology, we find positive wealth effects accruing to TBTF banks, with corresponding negative effects accruing to non‐included banks. We demonstrate that the magnitude of these effects differed with bank solvency and size. We also show that the policy to which the market reacted was that suggested by the Wall Street Journal and not that actually intended by the Comptroller.
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Citations
Cites
Bank Runs, Deposit Insurance, and Liquidity
Diamond, D. W., & Dybvig, P. H. (1983) · Journal of Political Economy · doi:10.1086/261155 · Cited by 9,369
Brown, S. J., & Warner, J. B. (1985) · Journal of Financial Economics · doi:10.1016/0304-405x(85)90042-x · Cited by 6,488
Merton, R. C. (1977) · Journal of Banking & Finance · doi:10.1016/0378-4266(77)90015-2 · Cited by 1,920
Special Information and Insider Trading
Jaffe, J. F. (1974) · The Journal of Business · doi:10.1086/295655 · Cited by 1,231
Logue, D. E., & Fama, E. F. (1977) · The Journal of Finance · doi:10.2307/2326337 · Cited by 1,128
Federal Deposit Insurance, Regulatory Policy, and Optimal Bank Capital*
BUSER, S. A., CHEN, A. H., & KANE, E. J. (1981) · The Journal of Finance · doi:10.1111/j.1540-6261.1981.tb03534.x · Cited by 523
Change in Market Assessments of Deposit-Institution Riskiness
Kane, E. J., & Ünal, H. (1988) · National Bureau of Economic Research · doi:10.3386/w2530 · Cited by 155
Stock Market Reaction to Regulatory Action in the Continental Illinois Crisis
Swary, I. (1986) · The Journal of Business · doi:10.1086/296347 · Cited by 149
Change in market assessments of deposit-institution riskiness
Kane, E. J., & Ünal, H. (1988) · Journal of Financial Services Research · doi:10.1007/bf00114851 · Cited by 135
An Analysis of the Impact of Deposit Rate Ceilings on the Market Values of Thrift Institutions
Dann, L. Y., & James, C. M. (1982) · The Journal of Finance · doi:10.1111/j.1540-6261.1982.tb03617.x · Cited by 58
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Empirical research on accounting choice
Fields, T. D., Lys, T. Z., & Vincent, L. (2001) · Journal of Accounting and Economics · doi:10.1016/s0165-4101(01)00028-3 · Cited by 1,759
Rating Banks: Risk and Uncertainty in an Opaque Industry
Morgan, D. P. (2002) · American Economic Review · doi:10.1257/00028280260344506 · Cited by 1,241
Liquidity risk management and credit supply in the financial crisis
Cornett, M. M., McNutt, J. J., Strahan, P. E., & Tehranian, H. (2011) · Journal of Financial Economics · doi:10.1016/j.jfineco.2011.03.001 · Cited by 1,194
Entrepreneurship and bank credit availability
Black, S. E., & Strahan, P. E. (2002) · The Journal of Finance · doi:10.1111/1540-6261.00513 · Cited by 1,140
Too many to fail—An analysis of time-inconsistency in bank closure policies
Acharya, V. V., & Yorulmazer, T. (2007) · Journal of Financial Intermediation · doi:10.1016/j.jfi.2006.06.001 · Cited by 729
Metadata
- Authors
- O'HARA, M., & SHAW, W.
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 1990-12
- Volume
- 45
- Issue
- 5
- Pages
- 1587-1600
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W1984173932
- Cited by
- 526
- References
- 10
- FWCI
- 7.02
- Type
- journal article
- Language
- en
- Open access
- closed
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- O'HARA, M., & SHAW, W. (1990). Deposit Insurance and Wealth Effects: The Value of Being “Too Big to Fail”. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.1990.tb03729.x
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
