Showing 1 - 10 of 52
This work presents a contribution on operational risk under a general Bayesian context incorporating information on market risk pro le, experts and operational losses, taking into account the general macroeconomic environment as well. It aims at estimating a characteristic parameter of the...
Persistent link: https://www.econbiz.de/10010543494
Following Banking Committee on Banking Supervision, operational risk quantification is based on the Basel matrix which enables sorting incidents. In this paper, we deeply analyze these incidents and propose strategies for carrying out the supervisory guidelines proposed by the regulators. The...
Persistent link: https://www.econbiz.de/10010635043
The Operational Risk Advanced Measurement Approach requires financial institutions to use scenarios to model these risks and to evaluate the pertaining capital charges. Considering that a banking group is composed of numerous entities (branches and subsidiaries), and that each one of them is...
Persistent link: https://www.econbiz.de/10011025772
all participants but with ambiguity (partial transparency). We show that, in theory, both communication strategies are … reducing the degree of transparency. We run a laboratory experiment to test whether theoretical predictions hold in a game … either communication strategy. This paper, however, makes a case for partial transparency rather than partial publicity …
Persistent link: https://www.econbiz.de/10009399195
This paper examines firms' incentives to commit to a transparent behavior (that precludes bribery) in a competitive procedure modeled as an asymmetric information beauty contest managed by a corrupt agent. In his evaluation of firms' offers for a public contract the agent has some discretion to...
Persistent link: https://www.econbiz.de/10010738742
increasing the probability of a financial crisis, and therefore provides an additional argument in favor of transparency in the …
Persistent link: https://www.econbiz.de/10010739015
Using Benford's Law, we find evidence supporting the hypothesis that countries at times misreport their economic data strategically. We group countries with similar economic conditions and find that for countries with fixed exchange rate regimes, high negative net foreign asset positions,...
Persistent link: https://www.econbiz.de/10010721179
The aim of this paper is to evaluate to what extent more transparency can reduce the occurrence of speculative attacks …. It proposes a survey of the literature about the pros and cons of transparency on the exchange rate market, which is one … of the main pillars of the new international financial architecture. The effects of transparency are shown to be …
Persistent link: https://www.econbiz.de/10008790685
The aim of this paper is to evaluate to what extent more transparency can reduce the occurrence of speculative attacks …. It proposes a survey of the literature about the pros and cons of transparency on the exchange rate market, which is one … of the main pillars of the new international financial architecture. The effects of transparency are shown to be …
Persistent link: https://www.econbiz.de/10008792045
The notion of transparency is widely used as an analytical tool and as a guideline to propose and enforce new … configurations of economic life. Focusing on several transparency-making devices, this paper tries to explore both the pervasiveness … of this notion and its ambivalence in a number of relevant sites. We begin by exploring the deployment of transparency in …
Persistent link: https://www.econbiz.de/10008792428