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In moral hazard models, bank shareholders have incentives to transfer wealth from the deposit insurer - that is … value, and a risk measure, this paper develops a semi-parametric model for estimating the critical level of bank risk at …
Persistent link: https://www.econbiz.de/10001630859
There is a longstanding debate about whether banking panics and other financial crises always have fundamental causes or are sometimes the result of self-fulfilling beliefs. Disagreement on this point would seem to present a serious obstacle to designing policies that promote financial...
Persistent link: https://www.econbiz.de/10009358587
Remarks at the New York Bankers Association Financial Services Forum, New York City.
Persistent link: https://www.econbiz.de/10010724934
Introductory Remarks for the Panel Discussion Sponsored by the Heller-Hurwicz Economics Institute and the Economic Club of Minnesota at the University of Minnesota, Minneapolis.
Persistent link: https://www.econbiz.de/10010724935
Remarks at the Future of Banking Regulation and Supervision in the EU Conference, Frankfurt, Germany.
Persistent link: https://www.econbiz.de/10010724953
Remarks at United States Military Academy at West Point, West Point, New York.
Persistent link: https://www.econbiz.de/10010724961
Remarks at the Third Annual Connecticut Bank and Trust Company Economic Outlook Breakfast, Hartford, Connecticut. …
Persistent link: https://www.econbiz.de/10010724969
Joint written testimony before the Congressional Oversight Panel, Washington, D.C.
Persistent link: https://www.econbiz.de/10010724976