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-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
alternative model to Basel framework is derived where systemic risk is taken into account in each bank's dynamic. This might be a … systemic risk. Moreover, bank regulation is considered in a two-scale level, either at the bank level or at the system … compute the capital ratio threshold per year for each bank and each country and we rank them according to their level of …
Persistent link: https://www.econbiz.de/10010899303
French law mandates that employees of publicly listed companies can elect two types of directors to represent employees. Privatized companies must reserve board seats for directors elected by employees by right of employment, while employee-shareholders can elect a director whenever they hold at...
Persistent link: https://www.econbiz.de/10009323278
À partir de la thématique énergétique à Istanbul, ce mémoire apporte des éléments de réponse à la double interrogation suivante : comment les structures de gouvernance locale se sont-elles adaptées aux injonctions du développement urbain durable ? ; dans une métropole déjà...
Persistent link: https://www.econbiz.de/10009369212
interests in the neo-liberal institution-building process in Turkey and privatization cases as one of the main components of the … neo-liberalization process represents its primary focus. First, it will be outlined how the privatization program was … privatization deals after the 2000's and its effects, it will be shown (1) how the import-substitution periods' contending actors …
Persistent link: https://www.econbiz.de/10009151313
Cotton sectors in Sub-Saharan Africa (SSA) were run by monopolistic para-statal organisms for a long time. They embarked upon a restructuring/liberalisation process as of the mid-1980s but the outcomes were mitigated at best. As these sectors resemble service distribution networks...
Persistent link: https://www.econbiz.de/10008789285
company through the corporate annual reports. The case study is based on the content analysis of three consecutive post-privatization …
Persistent link: https://www.econbiz.de/10008791564
This paper studies the optimal environmental policy in a mixed market when pollution accumulates over time. Specifically, we assume quantity competition between several private firms and one partially privatized firm. The optimal emission tax is shown to be independent of the weight the...
Persistent link: https://www.econbiz.de/10010635208
Our chapter is organized as follows. Section I comes back to the characteristics of the water sector. It describes some key features that may explain the slow pace of reform and that may also help better understanding characteristics and limits of that process. Then, a historical and global...
Persistent link: https://www.econbiz.de/10010635242