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Deposit Insurance, Bank Incentives, and the Design of Regulatory Policy

Kupiec, Paul; O’Brien, James M. - Federal Home Loan Mortgage Corporation <McLean, Va.>; … - 1998

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

Capital Regulation: The Road Ahead

de Swaan, Tom - ABN AMRO Holding <Amsterdam>; London School of … - 1998

It is a great pleasure for me to be here and to participate inthe discussion of the future of capital adequacy regulation.I would like to compliment the organizers of this conferenceon the programme they have set up, covering manyrelevant topics, and the range of experts they have beenable to...

Persistent link: https://www.econbiz.de/10005870093

Risk Management: One Institution’s Experience

Labrecque, Thomas G. - Chase Manhattan Corporation; London School of Economics … - 1998

I am very pleased to be part of this forward-looking conferenceon developments in capital regulation. Because thepurpose of capital is to support risk, I decided to approachthis session from the viewpoint of someone leading aninstitution that depends, for its success or failure, on howwell it...

Persistent link: https://www.econbiz.de/10005870096

The Expanding Geographic Reach of Retail Banking Markets

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

, researchersand regulatory agencies assessing the effects of bank mergerson competition will examine the degree to whichdeposits in a …

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

Dealers’ Hedging of Interest Rate Options in the U.S. Dollar Fixed-Income Market

Kambhu, John - Federal Reserve Bank <New York, NY>; London School of … - 1998

As derivatives markets have grown, thescope of financial intermediation hasevolved beyond credit intermediation tocover a wide variety of risks. Financialderivatives allow dealers to intermediate the risk managementneeds of their customers by unbundling customerexposures and reallocating them...

Persistent link: https://www.econbiz.de/10005870101

Does Consumer Confidence Forecast Household Expenditure? A Sentiment Index Horse Race

Bram, Jason; Ludvigson, Sydney C. - Federal Reserve Bank <New York, NY>; London School of … - 1998

[...]This study is the first formal investigation ofconsumer attitudes that compares the forecasting power ofthe University of Michigan’s Index of Consumer Sentimentand the Conference Board’s Consumer Confidence Index.We begin with a background analysis of structural differencesbetween the...

Persistent link: https://www.econbiz.de/10005870102

Vertical Specialization and the Changing Nature of World Trade

Hummels, David; Rapoport, Dana; Yi, Kei-Mu - Graduate School of Business <Chicago, Ill.>; Federal …; … - 1998

[...]In this article, we shed light on the globalizationof international production and trade by demonstratingthe increasingly important role vertical specializationplays in international trade. We use case studies andinput-output tables to calculate the level and growth...

Persistent link: https://www.econbiz.de/10005870104

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

Is There an Inflation Puzzle?

Lown, Cara S.; Rich, Robert W. - Federal Reserve Bank <New York, NY>; London School of … - 1997

[...]This article explores the inflation puzzle andinvestigates whether compensation has acted as either atemporary restraint on inflation or as the underlying sourceof a new inflation regime.2 After reviewing the recent behavior of inflation, we specify and estimate a traditionalprice-inflation...

Persistent link: https://www.econbiz.de/10005870223

Banks with Something to Lose: The Disciplinary Role of Franchise Value

Demsetz, Rebecca S.; Saidenberg, Marc R.; Strahan, Philip E. - Federal Reserve Bank <New York, NY>; London School of … - 1996

incorporates the risks of a bank’s asset, liability,and off-balance-sheet positions as well as its leverage.We also use information …

Persistent link: https://www.econbiz.de/10005870335