Showing 1 - 10 of 19
Twenty years ago, most banking courses focused on either management or monetary aspects of banking, with no connecting …. Since then, a microeconomic theory of banking has developed, mainly through a switch of emphasis from the modeling of risk … useful in pointing out structural weaknesses of the banking sector that may justify government intervention--for example …
Persistent link: https://www.econbiz.de/10004973100
industries as diverse as banking, wine production, and clothing design. Many workers communicate regularly with distant coworkers …
Persistent link: https://www.econbiz.de/10004973166
Over the last thirty years, a new paradigm in banking theory has overturned economists' traditional vision of the … banking sector. The asymmetric information model, extremely powerful in many areas of economic theory, has proven useful in … banking theory both for explaining the role of banks in the economy and for pointing out structural weaknesses in the banking …
Persistent link: https://www.econbiz.de/10004973262
Bank takeovers result on average in little improvements in performance. This may be due to conflicting driving forces behind them; however these have seldom been studied. We study directly the motivations for bank acquisitions by analyzing the prices paid for them, under the assumption that...
Persistent link: https://www.econbiz.de/10005113643
This paper analyzes the effect of information technologies (IT) in the financial sector using micro-data on a panel of over 600 Italian banks over the period 1989-2000. We estimate stochastic cost and profit functions allowing for individual banks� displacements from the efficient frontier...
Persistent link: https://www.econbiz.de/10005467298
Persistent link: https://www.econbiz.de/10005611765
Persistent link: https://www.econbiz.de/10005611769
Macro-stress testing studies often rely on rather short sample periods due to the limited availability of banking data …. They may fail to appropriately account for the cyclicality in the interaction between the banking system and macroeconomic … to model the interaction between the banking sector and the macroeconomy. Our identified-VAR analysis indicates that the …
Persistent link: https://www.econbiz.de/10005818895
Persistent link: https://www.econbiz.de/10005605607
Banks should evaluate whether a borrower is likely to default. The author applies several techniques in the extensive mathematical literature of stochastic optimal control/dynamic programming to derive an optimal debt in an environment where there are risks on both the asset and liabilities...
Persistent link: https://www.econbiz.de/10008561122