Showing 1 - 10 of 28
While we have been preoccupied with the latest i-gadget from Apple and with Google's ongoing expansion, we may have missed something: the fundamental transformation of whole firms and industries into giant information-processing machines. Today, more than eighty percent of workers collect and...
Persistent link: https://www.econbiz.de/10010535213
This paper deals with the issue of how the market structure in banking affects the choice of means of payment. In … incentive to restrict the number of ATMs to a minimum. In general, the number of ATMs depends on competitiveness in the banking …
Persistent link: https://www.econbiz.de/10005207157
This theoretical paper explores screening with loan collateral when both the collateral value and the probability of project success fluctuate. Some model versions challenge the classic findings of Bester (1985) by showing that high-risk borrowers may in such case be more willing to pledge...
Persistent link: https://www.econbiz.de/10005014554
The aim of this research is to provide new insights about the limits of borrowing. The second chapter contributes to the theory of limits of borrowing by a study of LOLRs in an original model. The third chapter introduces a new approach to test and measure the limits of borrowing...
Persistent link: https://www.econbiz.de/10010611650
Measuring value creation by comparing the RAROC of an exposure (the return on risk capital) with a single institution-wide hurdle rate is inconsistent with the standard theory of financial valuation. We use asset pricing theory to determine the appropriate hurdle rate for such a RAROC...
Persistent link: https://www.econbiz.de/10008509435
Twenty years ago, most banking courses focused on either management or monetary aspects of banking, with no connecting …. Since then, a microeconomic theory of banking has developed, mainly through a switch of emphasis from the modeling of risk … useful in pointing out structural weaknesses of the banking sector that may justify government intervention--for example …
Persistent link: https://www.econbiz.de/10004973100
industries as diverse as banking, wine production, and clothing design. Many workers communicate regularly with distant coworkers …
Persistent link: https://www.econbiz.de/10004973166
Over the last thirty years, a new paradigm in banking theory has overturned economists' traditional vision of the … banking sector. The asymmetric information model, extremely powerful in many areas of economic theory, has proven useful in … banking theory both for explaining the role of banks in the economy and for pointing out structural weaknesses in the banking …
Persistent link: https://www.econbiz.de/10004973262
related to multiple and changing equilibria. Results from applying the model to US and five major European banking sectors …
Persistent link: https://www.econbiz.de/10004979444
This paper presents evidence on the impact of managers on cost efficiency in banking. Stochastic frontier analysis is …
Persistent link: https://www.econbiz.de/10005190734