Showing 1 - 10 of 46
On 5 December 1925, the ‘Portuguese Bank Note Bubble’ burst. The Lisbon daily newspaper, O Século (The Century …), revealed the swindle in the headline ‘O Pais em Crise’ (The Country in Crisis). The article describes how twenty-eight year old … English security printing company Waterlow and Sons that he was a representative of the Bank of Portugal, and created his own …
Persistent link: https://www.econbiz.de/10005870587
order to illuminate current debates about pension‘reform’. Much of the present discussion depicts social insurance ‘crisis …
Persistent link: https://www.econbiz.de/10005870696
This paper studies a dynamic model of crises with timing frictions that combines the mainaspects of Morris and Shin (1998) and Frankel and Pauzner (2000). The usual arguments forexistence and uniqueness of equilibrium cannot be applied. It is shown that the model has aunique equilibrium within...
Persistent link: https://www.econbiz.de/10008911498
This study examines a problem of fiscal deficits based on the Ottoman budget of 1275 A.H. (March 1859–February 1860 … 1275 budget and the balance of foreign and internal debts in 1861.2 They found that a monetary policy of issuing new paper …
Persistent link: https://www.econbiz.de/10005870571
Persistent link: https://www.econbiz.de/10012134365
Persistent link: https://www.econbiz.de/10004461983
bankingindustry. This goal is served by taking a broad view of thepayments business and analyzing information provided bylarge bank …
Persistent link: https://www.econbiz.de/10005870063
length of time between bank examinations affects thequality of information available to supervisors. For thesepurposes, we … condition of a bank. Our analysisassumes that examination information incorporates twotypes of data: information available from … information that can be obtained onlythrough on-site examinations, such as confidential informationabout a bank’s troubled assets …
Persistent link: https://www.econbiz.de/10005870064
[...]We address several questions in this paper. First,how could macro markets be useful to the average person?Second, how large are the potential benefits from diversificationif these markets were to be introduced andused optimally? Third, can existing financial marketsachieve a similar degree...
Persistent link: https://www.econbiz.de/10005870065
[...]The most obvious possible, and undesirable,impact on bank behaviour of risk-weighted capital requirementsis that …
Persistent link: https://www.econbiz.de/10005870067