• Out-of-Stock

The Paulson Plan: Who Are the Winners? [extrait BMI 130]

Author :
Add to wishlist

Version numérique PDF

The joint plan by the U.S. Treasury and the Federal Deposit Insurance Corporation (called the Paulson plan), announced on October 13, 2008, represented the largest financial transfer from taxpayers to financial institutions in U.S. history. Existing research has analyzed whether this massive state intervention improved the recipients? financial health, and thus in this study, we focus on its competitive distortion effects. Our investigation reveals that the Paulson plan was anything but neutral with respect to competition among industry participants. Both short- and long-term results confirm that the winners were the largest banks.JEL Codes: G2Keywords: TARP; The Paulson plan; Value Effect; Event Study; Distance to Default.

Auteurs :De Bodt Éric
Extrait de la revue BMI 130


16 other products in the same category:

This website uses cookies to ensure you get the best experience on our website