Showing 1 - 10 of 193
The thrust of current deposit insurance reform--risk-based insurance premiums and capital requirements--is an effort to price deposit insurance more fairly. Fairly pricing deposit insurance eliminates inequitable wealth transfers, but it does not lead to an efficient equilibrium. This paper...
Persistent link: https://www.econbiz.de/10005076957
In a finite-trader version of the Diamond-Dybvig (1983) model, the symmetric, ex-ante efficient allocation is implementable by a direct mechanism (i.e., each trader announces the type of his own ex-post preference) in which truthful revelation is the strictly dominant strategy for each trader....
Persistent link: https://www.econbiz.de/10005076965
An overlapping generations model with two production factors and two types of agents is considered in presence of …nancial intermediation. The research focuses at the analysis of the consequences of a suddain negative production shock on a …nancial intermediation capacities and consequently...
Persistent link: https://www.econbiz.de/10005126268
In Turkey, the financial sector is traditionally dominated by banking activities, and the banking sector experienced several systemic crises since late 1970s. This paper reviews and summarizes the major banking sector problems in the country. It also outlines the latest regulations and reform...
Persistent link: https://www.econbiz.de/10005126288
the central bank objectives and the monetary policy strategy affect financial stability. We find that focusing the central … bank objectives on price stability reduces the likelihood of a banking crisis. This result is robust to several model …
Persistent link: https://www.econbiz.de/10005126392
In the financial crisis literature, it is usually argued that, contrary to the case of currency crises, building a time series index to identify banking crisis episodes is highly difficult, particularly because of the lack of reliable data on banking sector variables (non-performing loans,...
Persistent link: https://www.econbiz.de/10005126447
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 …
Persistent link: https://www.econbiz.de/10005134734
, has started a reform process based on three main pillars: (i) bank restructuring, through the cleaning-up of non … desired structure of the Chinese banking system. Bank recapitalization should be completed immediately, not only to ensure … bank soundness, but also to increase profitability, which could be affected negatively as competition increases with full …
Persistent link: https://www.econbiz.de/10005134818
In this paper we attempt to identify the characteristics of banks that are most likely to be at the origin of a banking crisis following a financial liberalization (FL) process. We do this analysis in response to the observed fact that FL processes arse often followed by banking crisis that cost...
Persistent link: https://www.econbiz.de/10005134840
welfare implications of different LOLR-policies in these financial systems. We show that in a bank-dominated financial system …
Persistent link: https://www.econbiz.de/10005134891