Similar Search Results

Which Factors Drive the Decision to Boycott and Opt Out of Research Rankings?

Berlemann, Michael; Haucap, Justus - CESifo - 2012

This note contains an empirical analysis of the decision of German-speaking business scholars to boycott and opt out of the best known research ranking of business scholars, initiated and published by Germany’s largest business daily, Handelsblatt. Our analysis indicates that scientists who...

Persistent link: https://www.econbiz.de/10010877835

ATM networks and cash usage

Snellman, Heli; Virén, Matti - Suomen Pankki - 2006

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

Screening in the credit market when the collateral value is stochastic

Niinimäki, Juha-Pekka - Suomen Pankki - 2009

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

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

Banking Permits: Economic Efficiency and Distributional Effects

Bosetti, Valentina; Carraro, Carlo; Massetti, Emanuele - CESifo - 2008

traders to bank their permits for future use. In the model presented in this paper, banking of carbon allowances in a global … conditions traders find it optimal to bank permits, when banking is socially optimal, and what are the implications for present … of banking on carbon emissions, technological progress, and optimal investment decisions is quantified and the incentives …

Persistent link: https://www.econbiz.de/10005765874

Extracting Leading Indicators of Bank Fragility from Market Prices – Estonia Focus

Chen, Yu-Fu; Funke, Michael; Männasoo, Kadri - CESifo - 2006

Banking reform has proved to be one of the most problematic elements of economic transition in central and Eastern … Europe. Therefore the paper considers the development of the Estonian banking sector and derives individual banks´ fragility …

Persistent link: https://www.econbiz.de/10005766008

Risk-adjusted measures of value creation in financial institutions

Milne, Alistair; Onorato, Mario - Suomen Pankki - 2009

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

Demographic Change and Bank Profitability. Empirical Evidence from German Savings Banks

Berlemann, Michael; Oestmann, Marco; Thum, Marcel - CESifo - 2010

, populations are shrinking and ageing at the same time. This paper explores the impact of demographic change on the banking …

Persistent link: https://www.econbiz.de/10008534055

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

Subprime Crisis and Board (In-)Competence: Private vs. Public Banks in Germany

Hau, Harald; Thum, Marcel - CESifo - 2009

We examine evidence for a systematic underperformance of Germany’s state-owned banks in the current financial crisis and study if the bank losses can be traced to the quality of bank governance. For this purpose, we examine the biographical background of 593 supervisory board members in the 29...

Persistent link: https://www.econbiz.de/10005051557