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

Raviv, Alon - EconWPA - 2004

the effects of DES contract versus subordinated debt on bank stability, depositor protection, incentives for risk taking … is beneficial as a tool for monitoring due to its negative sensitivity to increase in assets risk. However, when the …

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

SIZE AND HETEROGENEITY MATTER. A MICROSTRUCTURE-BASED ANALYSIS OF REGULATION OF SECONDARY MARKETS FOR GOVERNMENT BONDS.

Martinez-Resano, J. Ramon - EconWPA - 2005

This paper deals with the economics of secondary markets for government bonds. Ultimately, the analysis is shaped by a public policy goal: assessing the elements of a regulatory framework for these markets. In that regard, the decisive role of market structure leads to a critical review of...

Persistent link: https://www.econbiz.de/10005134902

Towards Transparency in Finance and Governance

Vishwanath, Tara; Kaufmann, Daniel - EconWPA - 2003

The study of transparency is increasingly a more topical, broadly relevant, but also more under-researched enterprise. The Asian financial crisis has highlighted not only the welfare consequences of financial sector transparency, sparking a series of yet unresolved debates, but has also linked...

Persistent link: https://www.econbiz.de/10005561607

Transparency, Liberalization and Financial Crises

Mehrez, Gil; Kaufmann, Daniel - EconWPA - 2003

We investigate the effect of financial liberalization on the probability of a banking crises in economies with poor transparency We construct a model with imperfect information where banks cannot distinguish between aggregate shocks on the one hand, and government’s policy and firms’...

Persistent link: https://www.econbiz.de/10005561599

Economic Impact of 'Regulation on Corporate Governance': Evidence from India

Bhattacharyya, Asish K.; Rao, Sadhalaxmi Vivek - EconWPA - 2005

and better corporate governance mechanism reduces the risk of these companies. …

Persistent link: https://www.econbiz.de/10005413156

The Games and Information Reader, Preface

Rasmusen, Eric - EconWPA - 1999

I am putting together a collection of clippings, journal articles, and original material to accompany my game theory book. It is due at the publisher's September 1, 1999. This is the preface, in which I explain my choice of items to include.

Persistent link: https://www.econbiz.de/10005118567

The Games and Information Reader, Table of Contents

Rasmusen, Eric - EconWPA - 1999

Persistent link: https://www.econbiz.de/10005118599

Optimal two stage committee voting rules

Ayres, Ian; Rowat, Colin; Zakariya, Nasser - EconWPA - 2004

We study option management by committee. Analysis is illustrated by tenure decisions. Our innovations are two-fold: we treat the committee's problem as one of social choice, not of information aggregation; and we endogenise the outside option: rejecting a candidate at either the probationary or...

Persistent link: https://www.econbiz.de/10005118661

UNDERSTANDING THE DETERMINANTS OF ICTS DIFFUSSION IN ECOWAS

NWAOBI, GODWIN CHUKWUDUM - EconWPA - 2004

The Information and Communication technology(ICT) environment in the economic community of west african states(ECOWAS) has changed sufficiently to warrant re-conceptualization of the earlier initiatives. Notably, many new technologies have emerged, especially in the area of wireless...

Persistent link: https://www.econbiz.de/10005118855

Model Uncertainty, Complexity and Rank in Finance

Los, Cornelis A. - EconWPA - 2004

probability is unnecessary. This is illustrated by 'Galton's Error,' and the under-repesentation of systematic risk by American …. There are at least five equivalent ways of representing the measured model uncertainty and a new and an improved risk … of the model rank of simple financial risk systems in six Asian countries, in particular in Taiwan. Third, often it is …

Persistent link: https://www.econbiz.de/10005119076