Showing 1 - 10 of 42
The determinants of default risk of banks in emerging economies have so far received inadequate attention in the … the economy. Public sector banks have shown significant performance in containing bad debts. Private banks have continued … banks, apart from other accepted determinants of profitability, asset size has no significant impact on profitability. …
Persistent link: https://www.econbiz.de/10011263002
Analyzing a large weekly retail transaction price dataset, we uncover a surprising regularity— small price increases occur more frequently than small price decreases for price changes of up to about 10 cents, while there is no such asymmetry for larger price changes. The asymmetry holds for...
Persistent link: https://www.econbiz.de/10005700618
Apart from altruistic reasons, NGOs may engage in developing countries under conditions of conflict and war in order to secure funding and survive in the ‘market’ of humanitarian relief and development assistance. Applying a difference-in-difference-in-differences approach, we analyze...
Persistent link: https://www.econbiz.de/10010886852
In this paper, we analyze the network properties of the Italian e-MID data based on overnight loans during the period 1999-2010. We show that the networks appear to be random at the daily level, but contain significant non-random structure for longer aggregation periods. In this sense, the daily...
Persistent link: https://www.econbiz.de/10010886878
This paper analyzes insurance demand under prospect theory in a simple model with two states of the world and fair insurance contracts. We argue that two different reference points are reasonable in this framework, state-dependent initial wealth or final wealth after buying full insurance....
Persistent link: https://www.econbiz.de/10010886880
We analyze the Italian interbank loan market from 1999 until 2010. The analysis of net trade flows shows a high imbalance caused by few large net borrowers in the market. The trading volume shows a significant drop starting in 2007, which accelerates with the Lehman default in late 2008. The...
Persistent link: https://www.econbiz.de/10010886893
, respectively, and that cluster memberships of individual banks are highly persistent. Additionally, we highlight some problems …
Persistent link: https://www.econbiz.de/10010886966
This paper investigates the driving forces behind banks’ link formation in the interbank market by applying the … relationships between banks. We also find strong importance of size-related characteristics, but little influence of past interest … rates. The major changes found for the period after the onset of the financial crisis are that: (1) large banks and those …
Persistent link: https://www.econbiz.de/10010905563
Banks have become increasingly interconnected via interbank credit and other forms of liabilities. As a consequence of … knowledge. We propose a probabilistic model to combine some important known quantities (like the size of the banks) with a …
Persistent link: https://www.econbiz.de/10010905564
Previous literature on statistical properties of interbank loans has reported various power-laws, particularly for the degree distribution (i.e. the distribution of credit links between institutions). In this paper, we revisit data for the Italian interbank network based on overnight loans...
Persistent link: https://www.econbiz.de/10010905568