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A Monetary Model with Strong Liquidity Effects

Hagedorn, Marcus - Institut für Schweizerisches Bankwesen <Zürich> - 2001

This paper studies the joint business cycle dynamics of inﬂation, money growth, nominal and real interest rates and the velocity of money. I extend and estimate a standard cash and credit monetary model by adding idiosyncratic preference shocks to cash consumption as well as a banking sector....

Persistent link: https://www.econbiz.de/10005857754

International Integration, Common Exposure and Systemic Risk in the Banking Sector: An Empirical Investigation

Allenspach, Nicole; Monnin, Pierre - Institut für Schweizerisches Bankwesen <Zürich> - 2007

This paper analyzes the impact of ongoing financial integration and increase in crossborder activities on banks common exposure to shocks and on banking sector systemic risk. For that, we study the evolution of correlations between large international banks asset-to-debt ratios over...

Persistent link: https://www.econbiz.de/10005858331

Bank Risk Management and the Franchise Value

Bauer, Wolfgang; Ryser, Marc - Institut für Schweizerisches Bankwesen <Zürich>; … - 2003

We analyze optimal risk management strategies for a regulatory restricted bank financed with deposits and equity in an … infinite horizonmodel. The bank has a positive franchise value from rents coming from deposit related services (liquidity … franchise value and the liquidation costs in case of a bank run give the bank a motivation for risk management. The franchise …

Persistent link: https://www.econbiz.de/10005859100

Comparing financial centers by using gross value added as main indicator

Ortner, Alessia; Geiger, Hans - Institut für Schweizerisches Bankwesen <Zürich> - 2006

...We demonstrate how the financial sector’s net output and service production can be measured using aggregate financialstatement data. We briefly examine current treatments of financial services in the national income accounts and introduce aconceptual framework for the construction of a...

Persistent link: https://www.econbiz.de/10005856967

Die Risikopolitik der Banken in ihrer konkreten Ausgestaltung - Entwurf einer ausformulierten Risikopolitik als Vorlage - 2. Teil

Geiger, Hans - Institut für Schweizerisches Bankwesen <Zürich> - 1999

Die folgende Vorlage will als Hilfe bei der Entwicklung, Formulierung und Überprüfung der Risikopolitk einer Bank …

Persistent link: https://www.econbiz.de/10005857023

An Empirical Reassessment of the Relationship between Finance and Growth

Favara, Giovanni - Institut für Schweizerisches Bankwesen <Zürich> - 2007

This paper re-examines the empirical relationship between financial development and economic growth. It presents evidence based on an updated data set, a variety of econometric methods and two standard measures of financial development: the level of liquid liabilities of the banking system and...

Persistent link: https://www.econbiz.de/10005858057

Finance and Efficiency: Do Bank Branching Regulations Matter?

Acharya, Viral V.; Imbs, Jean; Sturgess, Jason - Institut für Schweizerisches Bankwesen <Zürich> - 2007

ratios- following intra- and (particularly) interstate liberalization of bank branching restrictions. This effect arises …

Persistent link: https://www.econbiz.de/10005858336

Volatility-induced Financial Growth

Dempster, Michael A.H.; Evstigneev, Igor V.; … - Institut für Schweizerisches Bankwesen <Zürich>; … - 2006

We show that the volatility of a price process, which is usuallyregarded as an impediment to ﬁnancial growth, can serve as an en-dogenous factor in its acceleration.

Persistent link: https://www.econbiz.de/10005858396

Fiskalpolitischer Aktivismus auf internationaler Ebene - kostspielig und ineffizient

Hirszowicz, Christine - Institut für Schweizerisches Bankwesen <Zürich> - 2001

ergeben sich aus dem Wirtschaftswachstum und manifestieren sich in der erweiterten Fiskalbasis... …

Persistent link: https://www.econbiz.de/10005857006