the developed world. Nevertheless, it emphasizes the need to weigh the costs and benefits of more transparency in …

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 …

explicit deposit insurance are found to be relatively attractive to international non-bank depositors. Deposit schemes … these depositors. The sensitivity of non-bank deposits to deposit insurance policies opens up the possibility of …

currency crisis, widespread bank failures, hyperinflation and government crisis has a very negative affect over the whole … Bulgarian economy. Parallel with the introduction of currency board, as part of measures for improvement of bank system …

The paper focuses on a comparison of bank-based andmarket-based …nancial systems with respect to their ability to … period. In contrast, the bank-based system allows for both quick recovery and postponing and smoothing the negative …

around the world. …

We examine wealth effects, for banks and insurers, of bank rights to sell and underwrite annuities. The stock …-price reactions to four court and regulatory decisions are consistent with expectations of bank gains at insurers' expense. Cross …, riskier bank holding companies with fee- based and consumer business gain most, consistent with the extension of federal …