Similar Search Results

A general approach to integrated risk management with skewed, fat-tailed risks

Rosenberg, Joshua V. (contributor); … - 2004 - [Elektronische Ressource]

The goal of integrated risk management in a financial institution is to measure and manage risk and capital across a range of diverse business activities. This requires an approach for aggregating risk types (market, credit, and operational) whose distributional shapes vary considerably. In this...

Persistent link: https://www.econbiz.de/10002101503

Are bank holding companies a source of strength to their banking subsidiaries?

Ashcraft, Adam B. (contributor) - 2004 - [Elektronische Ressource]

I present evidence that the cross-guarantee authority granted to the FDIC by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 has unexpectedly strengthened the Federal Reserve's source-of-strength doctrine. In particular, I find that a bank affiliated with a multi-bank...

Persistent link: https://www.econbiz.de/10002128532

Are bank shareholders enemies of regulators or a potential source of market discipline?

Park, Sangkyun (contributor); … - 2001 - [Elektronische Ressource]

In moral hazard models, bank shareholders have incentives to transfer wealth from the deposit insurer - that is, maximize put option value - by pursuing riskier strategies. For safe banks with large charter value, however, the risk-taking incentive is outweighed by the possibility of losing...

Persistent link: https://www.econbiz.de/10001630859

Stock market reaction to financial statement certification by bank holding company CEOs

Hirtle, Beverly J. (contributor) - 2003 - [Elektronische Ressource]

In 2002, the Securities and Exchange Commission mandated that the chief executive officers of large, publicly traded firms certify the accuracy of their company financial statements. In this paper, I investigate whether CEO certification has had a measurable effect on the stock market valuation...

Persistent link: https://www.econbiz.de/10001783071

Real-time search in the laboratory and the market

Brown, Meta; Flinn, Christopher J.; Schotter, Andrew - Federal Reserve Bank of New York - 2009

While widely accepted models of labor market search imply a constant reservation wage policy, the empirical evidence strongly suggests that reservation wages decline in the duration of search. This paper reports the results of the first real-time-search laboratory experiment. The controlled...

Persistent link: https://www.econbiz.de/10008636167

Labor supply heterogeneity and macroeconomic comovement

Eusepi, Stefano; Preston, Bruce - Federal Reserve Bank of New York - 2009

average than the unemployed do. Second, changes in the employment rate, a central factor explaining variation in total hours …

Persistent link: https://www.econbiz.de/10008636173

The paradox of toil

Eggertsson, Gauti - Federal Reserve Bank of New York - 2010

more. What happens to aggregate employment? This paper shows that, under certain conditions, aggregate employment falls …

Persistent link: https://www.econbiz.de/10008553245

Subsidizing job creation in the Great Recession

Kitao, Sagiri; Sahin, Aysegül; Song, Joseph - Federal Reserve Bank of New York - 2010

We analyze the effects of various labor market policies on job creation, job destruction, and employment. The framework … consider the equilibrium effects of a hiring subsidy, a payroll tax reduction, and an employment subsidy. While calibrating … parameters that characterize these policies, we try to mimic the policies in the Hiring Incentives to Restore Employment (HIRE …

Persistent link: https://www.econbiz.de/10008493878

Job-finding and separation rates in the OECD

Hobijn, Bart; Sahin, Aysegül - Federal Reserve Bank of New York - 2007

In this paper, we provide a set of comparable estimates of aggregate monthly job-finding and separation rates for twenty-seven OECD (Organisation for Economic Co-operation and Development) countries; these estimates can be used for the cross-country calibration of search models of unemployment....

Persistent link: https://www.econbiz.de/10005526298

Firms and flexibility

Hobijn, Bart; Sahin, Aysegül - Federal Reserve Bank of New York - 2007

We study the effects of labor market rigidities and frictions on firm-size distributions and dynamics. We introduce a model of endogenous entrepreneurship, labor market frictions, and firm-size dynamics with many types of rigidities, such as hiring and firing costs, search frictions with vacancy...

Persistent link: https://www.econbiz.de/10005420526