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Access to Banking Services and Poverty Reduction: A State-wise Assessment in India

Bhandari, Amit Kumar - Institute for the Study of Labor (IZA) - 2009

Financial inclusion is the broad based delivery of banking and other financial services at affordable cost to the poorest sections of society. In India, financial inclusion emphasizes to include maximum number of people under formal financial systems. The most important part of financial...

Persistent link: https://www.econbiz.de/10005070421

Franchise value and risk-taking in modern banks

Martynova, Natalya; Ratnovski, Lev; Vlahu, Razvan - de Nederlandsche Bank - 2014

Traditional theory suggests that high franchise value limits bank risk-taking incentives. Then why did many banks with exceptionally valuable franchises get exposed to new financial instruments, resulting in significant losses during the crisis? This paper attempts to reconcile theory and...

Persistent link: https://www.econbiz.de/10010798444

Inference, arbitrage, and asset price volatility

Adrian, Tobias (contributor) - 2004 - [Elektronische Ressource], Rev. February 2008

, informed investors, and noise traders. Arbitrageurs face a trade-off between arbitrage and inference: they would like to buy … assets in response to temporary price declines (the arbitrage effect) but sell when prices decline permanently (the inference … effect). In equilibrium, the presence of arbitrageurs increases volatility when the inference effect dominates the arbitrage …

Persistent link: https://www.econbiz.de/10002101431

Systemic risk and bank business models

Oordt, Maarten van; Zhou, Chen - de Nederlandsche Bank - 2014

In this study we disentangle two dimensions of banks' systemic risk: the level of bank tail risk and the linkage between a bank's tail risk and severe shocks in the financial system. We employ a measure of the systemic risk of financial institutions that can be decomposed into two subcomponents...

Persistent link: https://www.econbiz.de/10010945596

Credit Booms in Emerging Market Economies: A Recipe for Banking Crises?

Ottens, Daniel; Lambregts, Edwin; Poelhekke, Steven - de Nederlandsche Bank - 2005

This paper investigates whether credit booms are an important warning signal for banking crises in Asian and Latin American emerging market economies. Based on a signalling leading indicator model, the results suggest that credit booms are indeed a prelude for banking crises, especially in Latin...

Persistent link: https://www.econbiz.de/10005101805

Finding the core: Network structure in interbank markets

Lelyveld, Iman van; Daan in 't Veld - de Nederlandsche Bank - 2012

This paper investigates the network structure of interbank markets, which has proved to be important for financial stability during the crisis. First, we describe and map the interbank network in the Netherlands, an exception in the literature because of its small and open banking environment....

Persistent link: https://www.econbiz.de/10010559873

Regulatory Competition and Bank Risk Taking

Agur, Itai - de Nederlandsche Bank - 2009

How damaging is competition between bank regulators? This paper develops a model in which both banks' risk profile and their access to wholesale funding are endogenous. Regulators weigh not only welfare, but also the number of banks under their supervision. Simulations indicate that the gains...

Persistent link: https://www.econbiz.de/10004963332

Securitization and the dark side of diversification

Oordt, Maarten van - de Nederlandsche Bank - 2012

diversification increases systemic risk. We consider the case of securitization, whereby loan portfolios are sliced into tranches with …

Persistent link: https://www.econbiz.de/10010543515

Trading risk and volatility in interest rate swap spreads

Kambhu, John (contributor) - 2004 - [Elektronische Ressource]

This paper examines how risk in trading activity can affect the volatility of asset prices. We look for this relationship in the behavior of interest rate swap spreads and in the volume and interest rates of repurchase contracts. Specifically, we focus on convergence trading, in which...

Persistent link: https://www.econbiz.de/10001936329

Commission Bans and the Source and Quality of Financial Advice

Gorter, Janko - de Nederlandsche Bank - 2012

In the wake of the financial crisis, several countries are to ban commission payments to improve the quality of financial advice. This paper investigates the potential impact of commission bans on the source and quality of financial advice. To this end, we extend Inderst and Ottaviani's (2012)...

Persistent link: https://www.econbiz.de/10011004566

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