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This paper examines blanket guarantee and restructuring decisions in respect of a multinational bank (MNB) using Nash bargaining, when the threat of a panic motivates countries to take decisions quickly. The failure of the bank would cause unevenly distributed externalities between the countries...
Persistent link: https://www.econbiz.de/10004976732
Systemic bank problems arise for a large number of causes and in spite of both active banking supervision and market …
Persistent link: https://www.econbiz.de/10005190779
-offs is quantitatively small and of ambiguous sign. When bank capital varies counter cyclically and bank loan rates have a … accord, by increasing capital requirements during economic downturns, offsets this beneficial impact. …
Persistent link: https://www.econbiz.de/10005648972
authorities. Thus both a credit crunch due to lack of capital and "excessive" risky lending due to moral hazard can obtain in a … role of bank capital, capital regulation and the pricing of bank liabilities. The model is constructed so as to resemble … the situation of the Finnish local banks in the late 1980s and the early 1990s, particularly with regard to capital …
Persistent link: https://www.econbiz.de/10005648913
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/10011790739
The current financial crisis, which has lasted almost one and a half years, is the 19th such crisis in the post-war period in advanced economies. Recent literature classifies the Nordic crises in Norway, Sweden and Finland in late 1980's and early 1990’s among the Big Five crises that have...
Persistent link: https://www.econbiz.de/10005207165
Persistent link: https://www.econbiz.de/10011301298
This article investigates the nexus of competition and stability in European banking. It analyzes the European legal … framework for competition policy in banking and several cases that pertain to anti-cartel policy, merger policy, and state …-aid control. It discusses whether and how competition policy should be amended in order to preserve the stability of the banking …
Persistent link: https://www.econbiz.de/10010818987
In this paper we estimate reduced form investment equations for Finland using aggregate as well as firm-level panel data. We obtain significant estimates of the accelerator and user-cost effects on investment with both aggregate and firm level data, but these effects appear to be stronger at the...
Persistent link: https://www.econbiz.de/10005649000