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Financial Regulation in the Crisis Regulation, Market Discipline, Internal Control: The Big Three in turmoil

Couppey-Soubeyran, Jézabel - HAL - 2010

The financial crisis has revealed the dysfunction of all banking and financial regulatory mechanisms. Prudential …

Persistent link: https://www.econbiz.de/10010635228

Optimal capacity in the banking sector and economic growth

Amable, Bruno; Chatelain, Jean-Bernard; Bandt, Olivier De - HAL - 2002

banking system. For that purpose, we consider an overlapping generation model with endogenous growth. There is horizontal … differentiation and imperfect competition in the banking sector. Macro-economic shocks affect the return on capital and, together with … the expectations of depositors, condition the stability of the banking sector. We specify to what extent deposit insurance …

Persistent link: https://www.econbiz.de/10010750744

Equilibrium analysis in financial markets with countably many securities

Aliprantis, Charalambos; Florenzano, Monique; … - HAL - 2004

An F-cone is a pointed and generating convex cone of a real vector space that is the union of a countable family of finite dimensional polyedral convex cones such that each of which is an extremel subset of the subsequent one. In this paper, we study securities markets with countably many...

Persistent link: https://www.econbiz.de/10010750590

The wedge of arbitrage free prices : anything goes

Aliprantis, Roko; Florenzano, Monique; Puzzello, Daniella; … - HAL - 2006

We show that if K is a closed cone in a finite dimensional vector space X, then there exists a one-to-one linear operator T : X C [0,1] such that K is the pull-back cone of the positive cone of C [0,1], i.e., K = T -1 (C+ [0,1]). This problem originated from questions regarding arbitrage free...

Persistent link: https://www.econbiz.de/10010750707

Inside the credit boom: Competition, Segmentation and Information - evidence from Serbian credit market

Dimitrijevic, Jasna; Najman, Boris - HAL - 2008

observe the existence of segments in the banking sector. One segment is characterized by a stronger presence of foreign banks …

Persistent link: https://www.econbiz.de/10010750795

Bank leverage, financial fragility and prudential regulation

Bruno, Olivier; Cartapanis, André; Nasica, Eric - HAL - 2013

We analyse the determinants of banks' balance-sheet and leverage-ratio dynamics and their role in increasing financial fragility. Our results are twofold. First, we show that there is a value of bank's leverage that minimises financial fragility. Second, we show that this value depends on the...

Persistent link: https://www.econbiz.de/10010933151

European States and Financial Systems: A Biased Relationship

Rey, Nathalie - HAL - 2012

Public intervention in the banking sector takes three main forms: prudential regulation, especially with the Basel II … monetary policy and as lenders of last resort, constitutes the fourth means of regulating the banking system, and the main form …

Persistent link: https://www.econbiz.de/10010593609

Did the Market Signal Impending Problems at Northern Rock? An Analysis of Four Financial Instruments

Hamalainen, Paul; Pop, Adrian; Hall, Max; Howcroft, Barry - HAL - 2010

ensuring banking sector stability. This includes, amongst other things, using forward-looking market prices to identify those …

Persistent link: https://www.econbiz.de/10008794740

Contagion Effects in the Aftermath of Lehman's Collapse: Measuring the Collateral Damage

Dumontaux, Nicolas; Pop, Adrian - HAL - 2012

The spectacular failure of the 150-year old investment bank Lehman Brothers on September 15th, 2008 was a major turning point in the global financial crisis that broke out in the summer 2007. Through the use of stock market data and Credit Default Swap (CDS) spreads, this paper examines the...

Persistent link: https://www.econbiz.de/10010899300

A Theoretical and Empirical Comparison of Systemic Risk Measures

Benoit, Sylvain; Colletaz, Gilbert; Hurlin, Christophe; … - HAL - 2013

We derive several popular systemic risk measures in a common framework and show that they can be expressed as transformations of market risk measures (e.g., beta). We also derive conditions under which the different measures lead to similar rankings of systemically important financial...

Persistent link: https://www.econbiz.de/10010670461