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Banking and Trading
Boot, Arnoud W A; Ratnovski, Lev - C.E.P.R. Discussion Papers - 2012
We study the effects of a bank’s engagement in trading. Traditional banking is relationship-based: not scalable, long … scale restrictions in banking. …
Persistent link: https://www.econbiz.de/10011084287
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Competition and Entry in Banking: Implications for Stability and Capital Regulation
Boot, Arnoud W A; Marinc, Matej - C.E.P.R. Discussion Papers - 2006
We assess the influence of competition and capital regulation on the stability of the banking system. We particularly … requirements can lead to more entry into banking, essentially by reducing the competitive strength of lower quality banks. We also ….g. one country that opens up its banking system for competitors but not vice versa. …
Persistent link: https://www.econbiz.de/10005666421
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Regulating Financial Conglomerates
Freixas, Xavier; Lóránth, Gyöngyi; Morrison, Alan - C.E.P.R. Discussion Papers - 2005
. However, when risk profiles are endogenously selected conglomeration may extend the reach of the deposit insurance safety net …
Persistent link: https://www.econbiz.de/10005114192
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Optimal Bank Capital
Marcheggiano, Gilberto; Miles, David K; Yang, Jing - C.E.P.R. Discussion Papers - 2011
This paper reports estimates of the long-run costs and benefits of banks funding more of their assets with loss-absorbing capital, or equity. Measuring those costs requires careful consideration of a wide range of issues about how shifts in funding affect required rates of return and on how...
Persistent link: https://www.econbiz.de/10008915802
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Capital Regulation and Tail Risk
Perotti, Enrico C; Ratnovski, Lev; Vlahu, Razvan - C.E.P.R. Discussion Papers - 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/10009246611
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The Manipulation of Basel Risk-Weights
Mariathasan, Mike; Merrouche, Ouarda - C.E.P.R. Discussion Papers - 2013
In this paper, we examine the relationship between banks’ approval for the internal ratings-based (IRB) approaches of Basel II and the ratio of risk-weighted over total assets. Analysing a panel of 115 banks from 21 OECD countries that were eventually approved for applying the IRB to their...
Persistent link: https://www.econbiz.de/10011083229
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Internal Reporting Systems, Compensation Contracts and Bank Regulation
Lóránth, Gyöngyi; Morrison, Alan - C.E.P.R. Discussion Papers - 2009
We examine the interdependency between loan officer compensation contracts and commercial bank internal reporting systems (IRSs). The optimal incentive contract for bank loan officers may require the bank headquarters to commit not to act on certain types of information. The headquarters can...
Persistent link: https://www.econbiz.de/10005791870
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Macroinsurance for Microenterprises: A Randomized Experiment in Post-Revolution Egypt
McKenzie, David - C.E.P.R. Discussion Papers - 2014
macroeconomic and political uncertainty. Demand for macroeconomic shock insurance was high; 36.7 percent of microentrepreneurs in … the treatment group purchased insurance. However, purchasing insurance does not change the likelihood that a business … microenterprises. However, insurance may still be of value to them to help cope with shocks when they do occur, but we are unable to …
Persistent link: https://www.econbiz.de/10011084029
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Genetic Tests and Intertemporal Screening in Competitive Insurance Markets
Emons, Winand - C.E.P.R. Discussion Papers - 2007
We consider successive generations of non-altruistic individuals carrying a good or bad gene. Daughters are more likely to carry their mother's gene than the opposite one. Competitive insurers can perform a genetic test revealing an agent's gene. They may condition their quotes on the agent's or...
Persistent link: https://www.econbiz.de/10005661858
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Macroeconomics after the crisis – hedgehog or fox?
Miller, Marcus; Zhang, Lei - C.E.P.R. Discussion Papers - 2014
in the context of a simple model of insurance, where there is no Arrow Debreu equilibrium to allocate risk efficiently …
Persistent link: https://www.econbiz.de/10011083632