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Traditional theories of the origins of the welfare state have emphasized the financial weakness of Britain’s largest provider of mutual insurance in the late 19th century, the friendly societies. These theories share common implications with contemporary theories of institutional change...
Persistent link: https://www.econbiz.de/10005870390
The paper examines the structural and organisational problems of social insurancesystems in Brazil and the Argentine in order to illuminate current debates about pension‘reform’. Much of the present discussion depicts social insurance ‘crisis’ as a modernphenomenon. Similarly,...
Persistent link: https://www.econbiz.de/10005870696
A large literature studies bank regulatory policies intendedto control moral hazard problems associated with … depositinsurance and optimal regulatory design. Much of theanalysis has focused on uniform bank capital requirements,risk-based capital ….All formal analyses employ highly simplifiedtreatments of an individual bank or banking system. Thisstudy is concerned with the …
Persistent link: https://www.econbiz.de/10005870088
),1 which leads to “fire-sale”–related pecuniaryexternalities; and bank interconnectedness (Allen and Gale2000; Kahn and Santos …
Persistent link: https://www.econbiz.de/10005869397