Showing 1 - 10 of 26
On 3 July 2015, SUERF organized its sixth joint conference with the Bank of Finland in Helsinki on the subject of liquidity and market efficiency. The one-day program consisted of an opening speech, six presentations, including three keynotes, and a lunchtime address. The present SUERF Study...
Persistent link: https://www.econbiz.de/10011414459
Persistent link: https://www.econbiz.de/10000450105
Persistent link: https://www.econbiz.de/10000350882
Persistent link: https://www.econbiz.de/10011301298
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
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