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Debt-Deflation: Concepts, and a Stylised Model
Peter, Goetz von - EconWPA - 2005
credit crunch interferes with the accommodation necessary for stability. …
Persistent link: https://www.econbiz.de/10005126279
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The impact of the 1988 Basel Accord on banks' capital ratios and credit risk-taking: an international study
Roy, Patrick Van - EconWPA - 2005
of this study lies in the fact that the standardized approach to credit risk in the New Basel Accord is conceptually … equations model to analyze adjustments in capital and credit risk at banks from G- 10 countries over the 1988-95 period. The … banks increased or decreased their credit risk over the period studied. Interestingly, these findings are robust to the …
Persistent link: https://www.econbiz.de/10005134754
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Collateral-Based Lending in Emerging Markets: Evidence from Thailand
Menkhoff, Lukas; Neuberger, Doris; Suwanaporn, Chodechai - EconWPA - 2005
data set of 560 credit files of Thai commercial banks, we find that both the incidence and degree of collateralization are … higher there than in developed markets. Thai banks use collateral primarily to reduce the higher credit risks of small and … relatively young firms. Long credit relationships do not reduce collateral requirements by lowering information asymmetry. Market …
Persistent link: https://www.econbiz.de/10005134744
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Buridan's Ass and a Menu of Options.
Boyarchenko, Svetlana - EconWPA - 2005
The goal of the paper is to study how a menu of options affects decisions of a rational agent facing uncertainty over future payoff streams. Using the real options approach, we demonstrate that multiple options not only increase the barrier which the underlying stochastic variable has to reach...
Persistent link: https://www.econbiz.de/10005550882
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Data Envelopment Analysis in Environmental Valuation: Environmental Performance, Eco-efficiency and Cost-Benefit Analysis
Kuosmanen, Timo; Kortelainen, Mika - EconWPA - 2004
Data Envelopment Analysis (DEA) is a linear programming based method for evaluating performance of comparable production units such as firms. Although the method is already extensively applied in many areas of economics, its use in environmental economics and related fields remains limited. The...
Persistent link: https://www.econbiz.de/10005556149
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Benchmarking Sustainable Development: A Synthetic Meta-index Approach
Cherchye, Laurens; Kuosmanen, Timo - EconWPA - 2002
The need for monitoring countries’ overall performance in Sustainable Development (SD) is widely recognized, but the methods for aggregating vast amounts of empirical data remain rather crude. This paper examines the so-called ‘benefit-of-the-doubt’ weighting method as a tool for...
Persistent link: https://www.econbiz.de/10005556153
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Comparison between minimum purchase, quantity flexibility contracts and spot procurement in a supply chain
Brusset, Xavier - EconWPA - 2005
When, in a supply chain, a supplier and a buyer have the choice of transaction form to do business, the equilibrium transaction form which emerges is much more constrained than previously envisaged in literature. In this paper, two forms of long-term supply contracts and procurement in the spot...
Persistent link: https://www.econbiz.de/10005556373
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An exact method for cost-oriented assembly line balancing
Amen, Matthias - EconWPA - 2003
After a characterization of the cost-oriented assembly line balancing problem it will be shown that by loading the stations maximally the cost-oriented optimum can be missed. Instead of loading the stations maximally the criterion two-stations-rule a has to be used. For generating optimal...
Persistent link: https://www.econbiz.de/10005556695
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Comparative Statics by Adaptive Dynamics and The Correspondence Principle
Echenique, Federico - EconWPA - 2000
Persistent link: https://www.econbiz.de/10005556698
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Long Range Interaction Generating Fat-Tails in Finance
Airoldi, Marco; Antonelli, Vito; Bassetti, Bruno; … - EconWPA - 2004
It's commonly known that the correlation between stocks increases during market turbulent periods. In this work we propose a modellization of this feature, viewed as a collective effect, rearranging a toy-model first proposed in 2001. Equities are modelled as quasi random walk variables, where...
Persistent link: https://www.econbiz.de/10005556701