Browsing by Author "Jacewitz, S."
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A prudential paradox: The signal in (not) restricting bank dividends
Güntay, Levent; Jacewitz, S.; Pogach, J. (Wiley, 2022)By restricting dividends in the weakest banks, prudential regulators counterintuitively induce more capital payouts in marginal banks. The potential for bank runs exacerbates the incentive to signal strength through dividend ...
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