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On 3 July 2015, SUERF organized its sixth joint conference with the Bank of Finland in Helsinki on the subject of …
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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 …
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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...
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chapter yields new insight about the effect of bank ownership on the limits of borrowing during a financial crisis. …
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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...
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related to multiple and changing equilibria. Results from applying the model to US and five major European banking sectors …
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