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Markets, Reserves and Lenders of Last Resort as Sources of Bank Liquidity
Herrala, Risto - Suomen Pankki - 2000
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
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Liquidity Stress-Tester: Do Basel III and Unconventional Monetary Policy Work?
End, Jan Willem van den - de Nederlandsche Bank - 2010
This paper presents a macro stress-testing model for liquidity risks of banks, incorporating the proposed Basel III liquidity regulation, unconventional monetary policy and credit supply effects. First and second round (feedback) effects of shocks are simulated by a Monte Carlo approach. Banks...
Persistent link: https://www.econbiz.de/10008763231
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Bankers' compensation: Sprint swimming in short bonus pools?
Jokivuolle, Esa; Keppo, Jussi - Suomen Pankki - 2014
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
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Should competition policy in banking be amended during crises? Lessons from the EU
Hasan, Iftekhar; Marinc, Matej - Suomen Pankki - 2013
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
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Follow the money: what does the literature on banking tell prudential supervisors on bank business models?
Cavelaars, Paul; Passenier, Joost - de Nederlandsche Bank - 2012
view - is that it is essential to understand where the profit comes from and what risks the bank or the banking sector is …
Persistent link: https://www.econbiz.de/10009493320
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The Microeconomics of Innovation: Oligopoly Theoretic Analyses with Applications to Banking and Patenting
Kauko, Karlo - Suomen Pankki - 2000
The innovation activities of companies has long been a topic of interest in economics. Game theory models of oligopoly have since the start of the 1980s played a central role in the economics of innovation. In this study three game theory duopoly models are presented and each is used to analyse...
Persistent link: https://www.econbiz.de/10008774218
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Moral hazard in the credit market when the collateral value is stochastic
Niinimäki, Juha-Pekka - Suomen Pankki - 2010
This theoretical paper explores the effects of costly and non-costly collateral on moral hazard, when collateral value may fluctuate. Given that all collateral is costly, stochastic collateral will entail the same positive incentive effects as nonstochastic collateral, provided the variation in...
Persistent link: https://www.econbiz.de/10008800750
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Essays on the limits of borrowing
Herrala, Risto - Suomen Pankki - 2012
The aim of this research is to provide new insights about the limits of borrowing. The second chapter contributes to the theory of limits of borrowing by a study of LOLRs in an original model. The third chapter introduces a new approach to test and measure the limits of borrowing...
Persistent link: https://www.econbiz.de/10010611650
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Capital Regulation and Tail Risk
Perotti, Enrico; Ratnovski, Lev; Vlahu, Razvan - de Nederlandsche Bank - 2011
The paper studies risk mitigation associated with capital regulation, in a context where banks may choose tail risk assets. We show that this undermines the traditional result that higher capital reduces excess risk-taking driven by limited liability. Moreover, higher capital may have an...
Persistent link: https://www.econbiz.de/10009188954
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Do markup dynamics reflect fundamentals or changes in conduct?
Juselius, Mikael; Kim, Moshe; Ringbom, Staffan - Suomen Pankki - 2009
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