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Banking Crises and the Lender of Last Resort: How crucial is the role of information?

Naqvi, Hassan - EconWPA - 2004

This article develops a model of bank runs and crises and analyses how the presence of a lender of last resort (LOLR) affects the solvency of the banking system. We obtain a one to one mapping from the depositors' equilibrium strategy to an optimal contract prevailing in the economy. The study...

Persistent link: https://www.econbiz.de/10005134718

Bank Stability and Market Discipline: Debt-for-Equity Swap versus Subordinated Notes

Raviv, Alon - EconWPA - 2004

Several studies have recommended reliance on subordinated debt as a tool for monitoring banks by investors and for enhancing depositors’ protection. However, subordinated debenture increases the level of leverage and thus the probability of costly failure. We propose a novel financial...

Persistent link: https://www.econbiz.de/10005413031

Determinants of the loan loss allowance: some cross-country comparisons

Hasan, Iftekhar; Wall, Larry D. - EconWPA - 2004

This paper analyses the determinants of banks’ loan loss allowances for samples of US banks and three non-US samples: a group of 21 countries, Canada and Japan. The model includes fundamental (or non-discretionary) determinants of the allowance such as non-performing loans, and discretionary...

Persistent link: https://www.econbiz.de/10005561637

INVESTING IN THE FINANCIAL SECTOR OF EMERGING COUNTRIES: POTENTIAL RISK AND HOW TO MANAGE THEM

HERRERO, ALICIA GARCIA; HERRERO, SONSOLES GALLEGO; … - EconWPA - 2004

The purpose of this article is to assess how the changing operations of international banks in emerging countries in the last decades have altered the risks they face as well as their mitigation techniques. The recent expansion of the international banking business through the setup of branches...

Persistent link: https://www.econbiz.de/10005556585

INDIAN VENTURE CAPITALISTS (VCs) INVESTMENT EVALUATION CRITERIA

Mishra, Asim - EconWPA - 2005

The Venture capital (VC) industry in India is of recent origin. However, the average investment value of each deal in … India have grown from $3.85 million in 2000 to $7.89 million in 2001.These developments together with the recent steps taken … by government to promote venture capitalism in India provide an opportunity for an examination of venture capital …

Persistent link: https://www.econbiz.de/10005134795

Financiële stabiliteit: de rol van DNB

Haas, Ralph de; Vor, Marc de - EconWPA - 2002

DNB bewaakt de stabiliteit van ons financiële stelsel via het monetaire beleid, het toezicht en de zorg voor het betalingsverkeer. Deze gezamenlijke taakuitoefening biedt belangrijke voordelen.

Persistent link: https://www.econbiz.de/10005412465

“The Consumer Financing Business in India” – Building Blocks for the Future

Gupta, Akash; Agarwal, Rahul - EconWPA - 2004

In view of this changing landscape, we look at the three major drivers of growth in consumer finance: auto finance, housing finance and consumer durable finance. We discuss the trends in each of these areas as well as the shortcomings which are slowing down growth. We present some of the...

Persistent link: https://www.econbiz.de/10005561323

Lending Booms in Europe’s Periphery: South-Western Lessons for Central-Eastern Members

Brzoza-Brzezina, Michal - EconWPA - 2005

In this paper we analyse the potential for lending booms in three biggest new EU member states (Czech Republic, Hungary and Poland) during the process of Euro adoption. Experience of old members (Greece, Ireland and Portugal) as well as econometric evidence speak in favour of strong increases in...

Persistent link: https://www.econbiz.de/10005126434

Optimal Lender of Last Resort Policy in Different Financial Systems

Fecht, Falko; Tyrell, Marcel - EconWPA - 2004

In a framework closely related to Diamond and Rajan (2001) we characterize different financial systems and analyze the welfare implications of different LOLR-policies in these financial systems. We show that in a bank-dominated financial system it is less likely that a LOLR-policy that follows...

Persistent link: https://www.econbiz.de/10005134891

Banking Passivity and Regulatory Failure in Emerging Markets: Theory and Evidence from the Czech republic

Hanousek, Jan; Roland, Gerard - EconWPA - 2002

We present a model of bank passivity and regulatory failure. Banks with low equity positions have more incentives to be passive in liquidating bad loans. We show that they tend to hide distress from regulatory authorities and are ready to offer a higher rate of interest in order to attract...

Persistent link: https://www.econbiz.de/10005407910

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