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) the central bank is not allowed to provide direct financial support to stressed member states or to play the role of … lender of last resort in sovereign bond markets, and (ii) the responsibility of fighting against large scale bank runs …, ascribed to domestic governments, is ensured through the implementation of a financial safety net (banking regulation and …
Persistent link: https://www.econbiz.de/10010933858
Drawing together the concepts of inefficiency and banking crisis is directly inspired by business cycles theory where a crisis is the turning point from which the market/economy is recovering. If inefficiency plays a role in the occurrence of banking crisis, the post-crisis period should be the...
Persistent link: https://www.econbiz.de/10010750383
-fulfilling bank panic. Furthermore, we test various means to prevent or to curb it: the suspension of deposit convertibility, the … "narrow banking" solution. We confirm the possibility of pure-panic bank runs as formalized by Diamond and Dybvig (1983 …). However, this situation remains rare. Partial and self-fulfilling bank runs represent a more general situation. That …
Persistent link: https://www.econbiz.de/10008790990
potential problems at Northern Rock in advance of the bank announcing that it had negotiated emergency lending facilities at the … Bank of England in September 2007. A further aim of the paper is to examine the signalling qualities of four financial … measures of bank risk) so as to explore both the relative and individual qualities of each. Therefore, the paper's findings …
Persistent link: https://www.econbiz.de/10008794740
systemic risk. Moreover, bank regulation is considered in a two-scale level, either at the bank level or at the system …The post-crisis financial reforms address the need for systemic regulation, focused not only on individual banks but … alternative model to Basel framework is derived where systemic risk is taken into account in each bank's dynamic. This might be a …
Persistent link: https://www.econbiz.de/10010899303
leader firm or its competitors). Regulation can have either a positive or a negative effect on R&D intensity. It can be …
Persistent link: https://www.econbiz.de/10010930195
places: the Parquet (the official Bourse, organized by the agents de change), the Coulisse, the Marché libre, and inter-bank …
Persistent link: https://www.econbiz.de/10010930243
Regulating financial OTC markets.
Persistent link: https://www.econbiz.de/10009650045
The deployment of smart grids in electricity systems has given rise to much interdisciplinary research. The new technology is seen as an additional instrument available to States to achieve targets for promoting competition, increasing the safety of electricity systems and combating climate...
Persistent link: https://www.econbiz.de/10009278325
La relecture des travaux du séminaire "régulation et développement" (1996-1999)permet de montrer que la théorie de la … régulation constitue une assise solide pour l'analyse des pays en développement. A cette fin, l'utilisation analytique des formes …
Persistent link: https://www.econbiz.de/10010750996