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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
The paper 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 … rationalization of the banking sector. The paper includes references to recent articles and discussion papers dealing with important …
Persistent link: https://www.econbiz.de/10005649003
The global financial crisis of 2007–2008 has given rise to new regulatory initiatives to put restrictions on the size and the term of bankers' pay. We revisit both theoretically and empirically the question of whether these regulations are justified. We model bonuses as a series of sequential...
Persistent link: https://www.econbiz.de/10010734434
the model to US banking data and show that lengthening the standard one-year bonus payment interval has no material impact …
Persistent link: https://www.econbiz.de/10011207862