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Understanding, Modeling and Managing Longevity Risk: Key Issues and Main Challenges

Barrieu, Pauline; Bensusan, Harry; Karoui, Nicole El; … - HAL - 2012

This article investigates the latest developments in longevity risk modelling, and explores the key risk management … highlight some important potential developments for longevity risk management from a financial perspective with reference to the …

Persistent link: https://www.econbiz.de/10008791882

Bank runs in the Diamond-Dybvig model

Wit, J.N.M. - de Nederlandsche Bank - 1998

The Diamond-Dybvig model provides an explanation for: (1) the existence of banks as a risk sharing agreement between depositors against unexpected liquidity needs, (2) bank runs as an act of collective irrationality by rational depositors, and (3) the introduction of deposit insurance as an...

Persistent link: https://www.econbiz.de/10004970705

Preferential regulatory treatment and banks' demand for government bonds

Bonner, Clemens - de Nederlandsche Bank - 2014

Government bonds receive preferential treatment in financial regulation. The purpose of this paper is to analyze the impact of this preferential treatment on banks' demand for government bonds. Using unique transaction-level data, our analysis suggests that preferential treatment in liquidity...

Persistent link: https://www.econbiz.de/10010812608

Simulations in the Dutch interbank payment system: A sensitivity analysis

Heijmans, Ronald - de Nederlandsche Bank - 2009

This paper presents an analysis on the sensitivity of the Dutch interbank payment system with respect to the value transferred and the amount of available collateral. The Dutch system can be characterised as a system with a few large and many relatively small participants.Historical data has...

Persistent link: https://www.econbiz.de/10005101806

A tale of the water-supplying plumber: intraday liquidity provision in payment systems

Ledrut, Elisabeth - de Nederlandsche Bank - 2006

This paper provides an overview of the literature on intraday credit in payment systems to date and explores the dilemma central banks face when deciding on their intraday credit policies. On the one hand, any strategy in which the costs of liquidity are not fully borne by payment system...

Persistent link: https://www.econbiz.de/10005101828

Simulating retaliation in payment systems: Can banks control their exposure to a failing participant?

Ledrut, Elisabeth - de Nederlandsche Bank - 2007

This paper assesses the impact of an operational failure at one of the biggest participants in the Dutch interbank payment system, varying the time at which the disruption takes place. Liquidity levels equal historical levels. The impact of such a disruption is quantified in terms of the...

Persistent link: https://www.econbiz.de/10005053799

Regulation and banking: a survey

Hebbink, G.E.; Prast, H.M. - de Nederlandsche Bank - 1998

This report presents an overview of the theory of regulation in general, with special attention for the regulation of banks. Two theories of government regulation are described. The first, normative, theory uses market failures as the justification of government regulation. The second, positive,...

Persistent link: https://www.econbiz.de/10005021856

Credit Rating Agencies

Haan, Jakob de; Amtenbrink, Fabian - de Nederlandsche Bank - 2011

This paper critically reviews the debate on CRAs and, in the light thereof, analyses the European regulatory approach to CRAs, thereby combining insights from economics and law. We first provide some basic background on the function of CRAs. Thereafter, we focus on the two main tasks for which...

Persistent link: https://www.econbiz.de/10008799343

All-Star or Benchwarmer? Relative Age, Cohort Size and Career Success in the NHL

Bryson, Alex; Gomez, Rafael; Zhang, Tingting - Institute for the Study of Labor (IZA) - 2014

We analyze the performance outcomes of National Hockey League (NHL) players over 18 seasons (1990-1991 to 2007-2008) as … chiefly by supply-side factors in the form of excess cohort competition and not quality differences since the performance of … cohorts. Performance-adjusted wage losses for those born in large birth cohorts are therefore greater than the raw estimates …

Persistent link: https://www.econbiz.de/10011078400

L'audit légal, un outil qualité et de pilotage de la performance des entités

Favier, Marianne - HAL - 2013

de la performance des entreprises et associations. Cela n'est possible que si ces audits sont réalisés avec la plus …'audit employées. Elle s'évalue selon différents concepts par lesquels le cabinet peut mesurer sa propre performance pour lui et pour … les niveaux pour servir de base d'appui pour le pilotage de la performance de l'entité auditée. Les côtés financiers et …

Persistent link: https://www.econbiz.de/10010820425