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Industrial efficiency and state intervention : Labour 1939-51
Tiratsoo, Nick; Tomlinson, Jim - 1993 - 1. publ.
Persistent link: https://www.econbiz.de/10000864606
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The Decline of Traditional Banking: Implications for Financial Stability and Regulatory Policy
Edwards, Franklin R.; Mishkin, Frederic S. - Federal Reserve Bank <New York, NY>; London School of … - 1995
incentivesof bank managers toward assuming greater risk inan effort to maintain former profit levels. For example,banks might make …
Persistent link: https://www.econbiz.de/10005870357
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Universal Banking Failure? An Analysis of the Contrasting Responses of the Amsterdamsche Bank and the Rotterdamsche Bankvereeniging to the Dutch Financial Crisis of the 1920s
Colvin, Christopher Louis - London School of Economics and Political Science - 2007
two similar-sized banks operating in the Netherlands in the 1920s: the Amsterdamsche Bank and the Rotterdamsche … Bankvereeniging. Whilst the first escaped the crisis relatively unscathed, the second required assistance from the Nederlandsche Bank …, the Dutch central bank. A new and detailed narrative of one episode of the crisis using as yet unused primary sources is …
Persistent link: https://www.econbiz.de/10005870562
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Evaluation of Value-at-Risk Models Using Historical Data
Hendricks, Darryll - Federal Reserve Bank <New York, NY>; London School of … - 1996
[...]We begin by explaining the three most commoncategories of value-at-risk models—equally weighted movingaverage approaches, exponentially weighted movingaverage approaches, and historical simulation approaches.Although within these three categories many differentapproaches exist, for the...
Persistent link: https://www.econbiz.de/10005870342
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House prices, consumption, and monetary policy: a financial accelerator approach
Aoki, Kosuke; Proudman, James; Vlieghe, Gertjan - London School of Economics and Political Science - 2004
We consider a general equilibrium model with frictions in credit markets used by households. Inour economy, houses provide housing services to consumers and serve as collateral to lower borrowingcost.We show that this amplifies and propagates the effect of monetary policy shocks on...
Persistent link: https://www.econbiz.de/10005870369
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Capital Flows and Asset Prices
Aoki, Kosuke; Benigno, Gianluca; Kiyotaki, Nobuhiro - London School of Economics and Political Science - 2009
After liberalizing international transactions of financial assets, many countries experiencelarge swings in asset prices, capital flows, and aggregate production. This paper studies howthe adjustment to capital account liberalization depends upon the degree of development of adomestic financial...
Persistent link: https://www.econbiz.de/10005870375
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From Sickness to Death: The Financial Viability of the English Friendly Societies And Coming of the Old Age Pensions Act, 1875-1908
Broten, Nicholas - London School of Economics and Political Science - 2010
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
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Money, States and Empire: Financial Integration Cycles and Institutional Change in Central Europe, 1400-1520
Chilosi, David; Volckart, Oliver - London School of Economics and Political Science - 2009
By analysing a newly compiled database of exchange rates, this paper finds that Central European financial integration advanced in a cyclical fashion over the fifteenth century. The cycles were associated with changes in the money supply. Long-distance financial integration progressed in...
Persistent link: https://www.econbiz.de/10005870400
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Ottoman State Finance: A Study Of Fiscal Deficits and Internal Debt in 1859-63
Kiyotaki, Keiko - London School of Economics and Political Science - 2005
This study examines a problem of fiscal deficits based on the Ottoman budget of 1275 A.H. (March 1859–February 1860).1 In this period, state debt amassed rapidly due to increased market loans abroad. In order to evaluate the credibility of the Ottoman government for a new loan, Lord Hobart and...
Persistent link: https://www.econbiz.de/10005870571
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The Canton of Berne as an Investor on the London Capital Market in the 18th Century
Altorfer-Ong, Stefan - London School of Economics and Political Science - 2004
This paper is a case study about investor behaviour of the government of Berne on capital markets in the 18th century, focussing mainly on London. Economic theory about principal-agent problems and portfolio administration will be used to analyse quantitative and qualitative data from government...
Persistent link: https://www.econbiz.de/10005870577