Showing 1 - 10 of 21
This report presents an overview of the theory of regulation in general, with special attention for the regulation of banks. Two theories of government regulation are described. The first, normative, theory uses market failures as the justification of government regulation. The second, positive,...
Persistent link: https://www.econbiz.de/10005021856
Government bonds receive preferential treatment in financial regulation. The purpose of this paper is to analyze the impact of this preferential treatment on banks' demand for government bonds. Using unique transaction-level data, our analysis suggests that preferential treatment in liquidity...
Persistent link: https://www.econbiz.de/10010812608
The Diamond-Dybvig model provides an explanation for: (1) the existence of banks as a risk sharing agreement between depositors against unexpected liquidity needs, (2) bank runs as an act of collective irrationality by rational depositors, and (3) the introduction of deposit insurance as an...
Persistent link: https://www.econbiz.de/10004970705
This paper critically reviews the debate on CRAs and, in the light thereof, analyses the European regulatory approach to CRAs, thereby combining insights from economics and law. We first provide some basic background on the function of CRAs. Thereafter, we focus on the two main tasks for which...
Persistent link: https://www.econbiz.de/10008799343
We study the effect of recognition on performance with a field experiment involving first-year undergraduate students … that conformance to performance norm is the most likely behavioral mechanism behind our findings. …
Persistent link: https://www.econbiz.de/10010884116
performance and post-dissolution private and financial outcomes with a selected set of comparable firms and couples. We find …
Persistent link: https://www.econbiz.de/10010959552
teams and run for an hour. This allows us not only to study the individual relationship between age and performance but also … performance goes down with age, although the speed-age gradient is rather flat. Group performance goes down with age as well, but … interestingly a counterbalancing force emerges, namely team dynamics that are driven by performance of runners who enter and leave. …
Persistent link: https://www.econbiz.de/10009652532
The career prospects of newly recruited employees differ substantially within an organization. The stars experience a considerable growth in earnings; others can hardly maintain their entry salaries. This article sheds light on the mechanisms generating the observed heterogeneity in earnings...
Persistent link: https://www.econbiz.de/10008457150
This paper examines the relationship between pay inequality, economic growth, and performance in Korea. Pay inequality … relationship with economic growth and performance. For the empirical results we use panel data on the Korean manufacturing sector …
Persistent link: https://www.econbiz.de/10005761692
competitiveness of the environment and there is no significant difference in performance in the real-effort task across the …
Persistent link: https://www.econbiz.de/10005762257