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Designing Incentive-Compatible Regulation in Banking: The Role of Penalty in the Precommitment Approach

Kobayakawa, Shuji - Nihon-Ginkō <Tōkyō>; London School of Economics and … - 1998

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

Bank Capital Requirements for Market Risk: The Internal Models Approach

Hendricks, Darryll; Hirtle, Beverly - Federal Reserve Bank <New York, NY>; London School of … - 1997

[...]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

Explaining the Growing Inequality in Wages across Skill Levels

Brauer, David A.; Hickok, Susan - Federal Reserve Bank <New York, NY>; London School of … - 1995

[...]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

Does Trade Explain Europe’s Rise? Geography, Market Size and Economic Development

Studer, Roman - London School of Economics and Political Science - 2009

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

The Pattern of Trade in Seventeenth-Century Mughal India: Towards an Economic Explanation

Lally, Jagjeet - London School of Economics and Political Science - 2009

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

News from London: Greek Government Bonds on the London Stock Exchange, 1914-1929

Christodoulaki, Olga; Penzer, Jeremy - London School of Economics and Political Science; … - 2004

Statistical analysis of Greek sovereign debt denominated in gold and traded on the London Stock Exchange from the outbreak of the First World War until the advent of the Great Depression is employed to explore the way that historical events including political and institutional changes shaped...

Persistent link: https://www.econbiz.de/10005870576

Trade, Convergence and Globalisation: the dynamics of change in the international income distribution, 1950-1998

Epstein, Philip; Howlett, Peter; Schulze, Max-Stephan - London School of Economics and Political Science - 2004

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