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Persistent link: https://www.econbiz.de/10004371706
firms that are facing solvency shocks. We apply their framework to banking and extend the framework to admit the analysis of …
Persistent link: https://www.econbiz.de/10005419679
related to multiple and changing equilibria. Results from applying the model to US and five major European banking sectors …
Persistent link: https://www.econbiz.de/10004979444
the model to US banking data and show that lengthening the standard one-year bonus payment interval has no material impact …
Persistent link: https://www.econbiz.de/10011207862
This article investigates the nexus of competition and stability in European banking. It analyzes the European legal … framework for competition policy in banking and several cases that pertain to anti-cartel policy, merger policy, and state …-aid control. It discusses whether and how competition policy should be amended in order to preserve the stability of the banking …
Persistent link: https://www.econbiz.de/10010818987
The global financial crisis of 2007–2008 has given rise to new regulatory initiatives to put restrictions on the size and the term of bankers' pay. We revisit both theoretically and empirically the question of whether these regulations are justified. We model bonuses as a series of sequential...
Persistent link: https://www.econbiz.de/10010734434
This theoretical paper explores screening with loan collateral when both the collateral value and the probability of project success fluctuate. Some model versions challenge the classic findings of Bester (1985) by showing that high-risk borrowers may in such case be more willing to pledge...
Persistent link: https://www.econbiz.de/10005014554
banking sector. The fact that environmental factors that are not appropriately controlled may easily bias efficiency estimates … inefficiencies on a set of a bank.s strategic choices, local banking market variables, and local (regional) macro variables. For the …
Persistent link: https://www.econbiz.de/10005101798
important in the performance of banks and insurances, analyze the influences of a number of observable factors on banking and …
Persistent link: https://www.econbiz.de/10005101843
factors in stress situations. The methodology is applied to the Dutch banking sector. …
Persistent link: https://www.econbiz.de/10005101857