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Wilson, Thomas C. - McKinsey and Company <New York, NY>; London School of … - 1998

distribution arising from correlated credit eventsfor any arbitrary portfolio of counterparty exposures, downto the individual … and credit migrations.1 Theimportance of tabulating the exact loss distribution ishighlighted by the fact that … that managementfaces a distribution of potential losses rather than asingle potential loss. In order to define credit risk …

Persistent link: https://www.econbiz.de/10005870073

The Expanding Geographic Reach of Retail Banking Markets

Radecki, Lawrence J. - Federal Reserve Bank <New York, NY>; London School of … - 1998

In the view of most policymakers and economists,competition in retail banking takes place in localmarkets covering a relatively small geographic area.Banks are thought to design their services and settheir loan and deposit rates in response to the supply anddemand conditions prevailing in a...

Persistent link: https://www.econbiz.de/10005870100

Credit, Equity, and Mortgage Refinancings

Peristiani, Stavros; Bennett, Paul; Monsen, Gordon; … - Federal Reserve Bank <New York, NY>; London School of … - 1997

individual homeowner credit histories to the loan-levelanalysis of the factors influencing the probability that a homeownerwill … refinance. In addition to credit histories, we includein the analysis changes in individual homeowner’s equity and inthe overall …

Persistent link: https://www.econbiz.de/10005870272

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 …

Persistent link: https://www.econbiz.de/10005870369

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

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

The Post-War Rise of World Trade: Does the Bretton Woods System Deserve Credit

Terborgh, Andrew G. - London School of Economics and Political Science - 2003

During the two decades after the Second World War, international tradeexpanded at its most rapid pace of the twentieth century. Between 1948 and1968, the total volume of merchandise exports from non-communist countriesgrew by a remarkable 290 percent. 2 And the growth of world trade during...

Persistent link: https://www.econbiz.de/10005870594

Interest subsidies on student loans: A better class of drain

Barr, Nicholas A.; Johnston, Alison - London School of Economics and Political Science - 2010

This paper discusses the problems that arise from interest subsidies in the UK system of student loans; systems in other countries, for example Australia and New Zealand, face similar problems. The topic appears to be narrow and technical, and of significance only to the most nerdy of...

Persistent link: https://www.econbiz.de/10005871051

Funding higher education: policies for access and quality

Barr, Nicholas A. - London School of Economics and Political Science

This paper puts forward a strategy for achieving two objectives in higher education –improved access and increased quality – about which there is unanimous agreement.[...]

Persistent link: https://www.econbiz.de/10005871055

Paying for Learning

Barr, Nicholas A.; Falkingham, Jane - London School of Economics and Political Science - 1993

Both the quantity and quality of education and training in Britain are being comparedunfavourably with arrangements in other countries at a time when public expenditure isfacing the most stringent constraints. This paper starts from the presumption thatimprovements in the quality and quantity of...

Persistent link: https://www.econbiz.de/10005871056