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Full-Text Articles in Accounting
Bank Competition And Financial Stability: Evidence From The Financial Crisis, Brian Atkins, Lynn Li, Jeffrey Ng, Tjomme O. Rusticus
Bank Competition And Financial Stability: Evidence From The Financial Crisis, Brian Atkins, Lynn Li, Jeffrey Ng, Tjomme O. Rusticus
Research Collection School Of Accountancy
We examine the link between bank competition and financial stability using the recent financial crisis as the setting. We utilize variation in banking competition at the state level and find that banks facing less competition are more likely to engage in risky activities, more likely to face regulatory intervention, and more likely to fail. Focusing on the real estate market, we find that states with less competition had higher rates of mortgage approval, experienced greater housing price inflation before the crisis, and a steeper housing price decline during it. Overall, our study is consistent with greater competition increasing financial stability.
A Decade Of Downfall: The Industrial And Financial Self-Destruction Of The American Automobile Industry Through 2009, Max Samuel Ellenbogen
A Decade Of Downfall: The Industrial And Financial Self-Destruction Of The American Automobile Industry Through 2009, Max Samuel Ellenbogen
Senior Projects Spring 2016
This paper examines the developments that lead up to the government bailout of General Motors and Chrysler in 2009. The purpose is to examine and discover the historical, industrial and financial factors that drove American cars into the ground. In today’s society, the perception is that foreign automobiles are superior to domestic vehicles. This comes half a century after culture in the United States circulated around the American automobile. The American big business techniques built a manufacturing empire, differentiated the US from the foreigners and then weakened the long-term development of the automotive industry. Financialization became a support in an …