inclusion of a variable measuring the role of market discipline in influencing bank capital and risk choices. All in all, the …

fixed income unless the value of the bank’s assets falls below a predetermined threshold. In such an event, the debt … obligation is automatically converted to the bank’s common equities. By using a contingent claims valuation approach we present … bank that includes DES or alternatively subordinated debt in its capital structure. We compare and evaluate quantitatively …

The primary purpose of this article is to investigate the relationship between bank capital and credit risk taking in … and legal environment in driving bank capitalization and credit risk taking behavior in emerging market economies. …

taking in banks. Few studies deal with the impact of these external factors on bank’s risk taking and probability of default … institutional environement and bank’s health, especially in emerging market economies. We apply a two step logit model to a database … a source of excess credit risk, which increases bank failure risk. The integration of these environmental variables …

’s Bank Financial Strenght Rating (BFSR). En nous inspirant des résultats de Poon et al. [1999] (”A Multivariate Analysis of … the Determinants of Moody’s Bank Financial Strength Ratings”, Journal of International Financial Markets, Institutions and …

We propose a structural credit risk model for consumer lending using option theory and the concept of the value of the …

found for hypothesized transmission mechanisms through improved financing for SMEs or greater overall bank credit flows. The …