This paper examines whether bank holding company (BHC) risk ratings are asymmetrically
assigned or biased over business cycles from 1986 to 2003. In a model of ratings …

In recent years the call for incorporating market signals into bank supervision has spread from
academic circles to US bank regulators, Congress, and international regulatory bodies. 1 …

The paper examines the informational content of market data for long-term horizons in models,
which predict bank failure. Univariate results document patterns such as declining prices, …

This paper quantifies the short-term and long-term impact of bank supervision (measured
using CAMEL composite and component ratings) on different categories of loan growth: (a) …

For market discipline to be effective, market factors such as changes in firm equity and debt
values and returns, must influence firm decision making. In banking, this can occur directly …

One of the most widely debated issues in the study of consumer behavior is the validity of the
life cycle-permanent income hypothesis (LC-PIH). In its purest form, the LC-PIH posits the …

This paper assesses the extent to which stock market information may help bank regulators
identify bank financial distress. The research specifies a variety of stock return and other …

The paper examines the informational content of market data when these data are incorporated
into traditional models that predict bank failures. To assess whether financial markets …

This paper assesses the timing and magnitude of equity market valuations of bank holding
companies (BHCs) in relation to changes in their risk assessments, as proxied by changes in …

This study estimates a model of banking company equity returns taking into consideration
book value and market value measures of their exposure to emerging markets debt. In this …