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 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 …

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 …

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 …