Showing 1 - 10 of 22
This paper deals with the issue of how the market structure in banking affects the choice of means of payment. In … incentive to restrict the number of ATMs to a minimum. In general, the number of ATMs depends on competitiveness in the banking …
Persistent link: https://www.econbiz.de/10005207157
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
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
Measuring value creation by comparing the RAROC of an exposure (the return on risk capital) with a single institution-wide hurdle rate is inconsistent with the standard theory of financial valuation. We use asset pricing theory to determine the appropriate hurdle rate for such a RAROC...
Persistent link: https://www.econbiz.de/10008509435
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
This paper presents evidence on the impact of managers on cost efficiency in banking. Stochastic frontier analysis is …
Persistent link: https://www.econbiz.de/10005190734
gives a brief description of the evolution of the Finnish banking crisis and its handling. In the first section, the salient … features of the Finnish banking system are described. We then briefly discuss the liberalization process, macroeconomic and … banking crisis. The list of references is by no means exhaustive, and it is designed mainly to help foreign readers to find …
Persistent link: https://www.econbiz.de/10005190761
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
theoretical background for the regulation of financial institutions, especially insurance and banking companies, and, finally …
Persistent link: https://www.econbiz.de/10005648868
This paper tests market power in the banking industry. Price-cost margins predicted by different oligopoly models are … paper is among the first to apply this methodology on a detailed, bank-level dataset from the retail banking sector. It …
Persistent link: https://www.econbiz.de/10005648871