Showing 1 - 10 of 15
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
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
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
gives a brief description of the evolution of the Finnish banking crisis and its handling. In the first section, the salient … features of the Finnish banking system are described. We then briefly discuss the liberalization process, macroeconomic and … banking crisis. The list of references is by no means exhaustive, and it is designed mainly to help foreign readers to find …
Persistent link: https://www.econbiz.de/10005190761
firms that are facing solvency shocks. We apply their framework to banking and extend the framework to admit the analysis of …
Persistent link: https://www.econbiz.de/10005419679
theoretical background for the regulation of financial institutions, especially insurance and banking companies, and, finally …
Persistent link: https://www.econbiz.de/10005648868
This paper tests market power in the banking industry. Price-cost margins predicted by different oligopoly models are … paper is among the first to apply this methodology on a detailed, bank-level dataset from the retail banking sector. It …
Persistent link: https://www.econbiz.de/10005648871
In the discussion paper, we employ data on industry-specific corporate sector bankruptcies over the time period from 1986 to 2003 and estimate a macroeconomic credit risk model for the Finnish corporate sector. The sample period includes a severe recession with significantly higher-than-average...
Persistent link: https://www.econbiz.de/10005648883
This paper studies how comparing can be used to provide information in financial markets in the presence of a hidden characteristics problem. Although an investor cannot precisely estimate the future returns of an entrepreneur’s projects, the investor can mitigate the asymmetric information...
Persistent link: https://www.econbiz.de/10005648914