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Risk Diversification by European Financial Conglomerates
Slijkerman, Jan Frederik; Schoenmaker, Dirk; Vries, … - Tinbergen Instituut - 2005
We study the dependence between the downside risk of European banks and insurers. Since the downside risk of banks and insurers differs, an interesting question from a supervisory point of view is the risk reduction that derives from diversification within large banks and financial...
Persistent link: https://www.econbiz.de/10011255734
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The Political Economy of Financial Systems
Haber, Stephen; Perotti, Enrico - Tinbergen Instituut - 2008
of capital markets and banking systems as well as the distribution of access to external finance across firms …
Persistent link: https://www.econbiz.de/10011255875
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Banking Unions: Distorted Incentives and Efficient Bank Resolution
Zoican, Marius A.; Górnicka, Lucyna A. - Tinbergen Instituut - 2013
A banking union limits international bank default contagion, eliminating inefficient liquidations. For particularly low … moderate moral hazard, as the banking union encourages risk taking by systemic institutions. If banks hold opaque assets, the … net welfare effect of a banking union can be negative. Restricting the banking union mandate restores incentives …
Persistent link: https://www.econbiz.de/10011255924
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The Political Economy of Finance
Perotti, Enrico - Tinbergen Instituut - 2013
This survey reviews how a recent political economy literature helps explaining variation in governance, competition, funding composition and access to credit. Evolution in political institutions can account for financial evolution, and appear critical to explain rapid changes in financial...
Persistent link: https://www.econbiz.de/10011256233
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Competition and Entry in Banking: Implications for Stability and Capital Regulation
Boot, Arnoud W.A.; Marinc, Matej - Tinbergen Instituut - 2006
We assess the influence of competition and capital regulation on the stability of the banking system. We particularly … requirements can lead to more entry into banking, essentially by reducing the competitive strength of lower quality banks. We also ….g. one country that opens up its banking system for competitors but not vice versa. …
Persistent link: https://www.econbiz.de/10011257508
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Vector Autoregressions with parsimoniously Time Varying Parameters and an Application to Monetary Policy
Callot, Laurent; Kristensen, Johannes Tang - Tinbergen Instituut - 2014
This paper studies vector autoregressive models with parsimoniously time-varying parameters. The parameters are assumed to follow parsimonious random walks, where parsimony stems from the assumption that increments to the parameters have a non-zero probability of being exactly equal to zero. We...
Persistent link: https://www.econbiz.de/10011271948
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The R-package MitISEM: Efficient and Robust Simulation Procedures for Bayesian Inference
Basturk, Nalan; Grassi, Stefano; Hoogerheide, Lennart; … - Tinbergen Instituut - 2015
-informatics, obtaining loans in the banking sector by heterogeneous groups in financial economics and analysis of education's effect on …
Persistent link: https://www.econbiz.de/10011272589
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Crowding Perception in a Tourist City: A Question of Preference
Neuts, Bart; Nijkamp, Peter - Tinbergen Instituut - 2011
Two main topics are analysed in this paper: a crowding model for an urban destination is tested by the use of a binary logistic model in order to identify the variables influencing crowding perception; and the inherent negativity of the crowding concept, as is often assumed, is examined through...
Persistent link: https://www.econbiz.de/10011255508
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On the Phase Dependence in Time-Varying Correlations Between Time-Series
Blasques, Francisco - Tinbergen Instituut - 2013
This paper proposes the use of a double correlation coefficient as a nonpara- metric measure of phase-dependence in time-varying correlations. An asymp- totically Gaussian test statistic for the null hypothesis of no phase-dependence is derived from the proposed measure. Finite-sample...
Persistent link: https://www.econbiz.de/10011255536
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A Stepwise Projection Data Envelopment Analysis for Public Transport Operations in Japan
Suzuki, Soushi; Nijkamp, Peter - Tinbergen Instituut - 2011
With tightening budgets and increasingly critical reviews of public expenditure, there is a need for a careful analysis of the performance of public bodies in terms of an efficient execution of their tasks. These questions show up everywhere in the public domain, for instance, in the provision...
Persistent link: https://www.econbiz.de/10011256006