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The purpose of this paper is to present a framework forincentive-compatible regulation that would enable regulatorsto ensure that riskier banks maintain higher capitalholdings.Under the precommitment approach, a bankannounces the appropriate level of capital that covers themaximum value of...
Persistent link: https://www.econbiz.de/10005870080
[...]This paper presents an overview of the new capitalrequirements. In the first section, we describe the structureof the requirements and the considerations that went intotheir design. In addition, we address some of the concernsthat have been raised about the methods of calculating...
Persistent link: https://www.econbiz.de/10005870218
[...]We conclude that technological change, combinedwith overall growth in the capital stock, is the most importantfactor driving the growing wage inequality betweenlow-skilled and high-skilled workers. Increased competitionfrom abroad, both from developing and industrializedcountries, appears...
Persistent link: https://www.econbiz.de/10005870367
This paper tests whether the so-called ‘reach of the market’ helps to explain ‘why Europe’ and ‘why north-western Europe’. By looking at grain markets from the late seventeenth to the early twentieth century, this study concludes that the process of commodity market integration...
Persistent link: https://www.econbiz.de/10005870461
trades, and convincing explanations of the persistence of the Indo-Central Asian trade (for example) despite the growing Indo …-European trade from the seventeenth-century. The customs-union model usefully approximates this trading-situation (i.e. the Europeans … the possibility for trade-creation (i.e. due to substitution between otherwise regionally-specialised production …
Persistent link: https://www.econbiz.de/10005870483
per capita incomes across economies and the spatial advance of free trade. For many economists and historians the two are … linked: the reduction of trade barriers in the post-war world ushered in a new era of globalisation and that globalisation in … then it would represent one of the most important transitions of the twentieth century. Free trade was championed by the …
Persistent link: https://www.econbiz.de/10005870584
percent. 2 And the growth of world trade during thisperiod far exceeded the expansion of world output. Growth rates of …
Persistent link: https://www.econbiz.de/10005870594
modern long-distance trade was subject to three major constraints: transport, balance of payments problems leading to …
Persistent link: https://www.econbiz.de/10005870601
sizeable export yarn trade, a market again moresuited to mule spinning. Low ring adoption rates were a positive response …
Persistent link: https://www.econbiz.de/10005870750
By the late 19th century, the export of natural ice from Norway to Britain was a major trade, fuelled by the growing … trade, including the reasons behind the Norwegian success (comparative advantage, proximity to Britain and long …-standing trade relations with Britain) and the rapid and persistent growth of British consumption of ice (high urbanisation, and …
Persistent link: https://www.econbiz.de/10005870787