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Conference Paper
Bankers on boards: monitoring, financing, and lender liability
This paper investigates what factors determine whether a commercial banker joins the board of a non-financial firm and how a banker on the board affects the firm. We consider the trade off between the benefits of bank monitoring to the firm and the costs to the bank of becoming actively involved in firm management. On the one hand, smaller and more volatile firms with few tangible assets might benefit most from close bank ties. On the other, the U.S. legal doctrines "equitable subordination" and "lender liability" could generate high costs for banks which have a representative on the ...
Speech
The challenges facing subprime mortgage borrowers: a speech at the Consumer Bankers Association 2007 Fair Lending Conference, Washington, D.C., November 5, 2007
Governor Kroszner presented identical remarks at the Symposium on Housing Affordability, Washington, D.C., on November 5, 2007
Conference Paper
Commentary: regulating finance and regulators to promote growth