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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

A Capital Adequacy Buffer Model

Allen, David; McAleer, Michael - Tinbergen Instituut - 2013

In this paper, we develop a new capital adequacy buffer model (CABM) which is sensitive to dynamic economic circumstances. The model, which measures additional bank capital required to compensate for fluctuating credit risk, is a novel combination of the Merton structural model which measures...

Persistent link: https://www.econbiz.de/10011255629

Incentives for Effective Risk Management

Daníelsson, Jón; Jorgensen, Bjørn N.; Vries, Casper G. de - Tinbergen Instituut - 2001

Under the new Capital Accord, banks choose between two different types of risk management systems, the standard or the internal rating based approach. The paper considers how a bank's preference for a risk management system is affected by the presence of supervision by bank regulators. The model...

Persistent link: https://www.econbiz.de/10011255855

The Political Economy of Financial Systems

Haber, Stephen; Perotti, Enrico - Tinbergen Instituut - 2008

This survey reviews the literature on the political economy of financial structure, broadly defined to include the size of capital markets and banking systems as well as the distribution of access to external finance across firms.The theoretical literature on the institutional basis for...

Persistent link: https://www.econbiz.de/10011255875

The Political Economy of Financial Fragility

Feijen, Erik; Perotti, Enrico - Tinbergen Instituut - 2005

While financial liberalization has in general favorable effects, reforms in countries with poor regulation is often followed by financial crises. We explain this variation as the outcome of lobbying interests capturing the reform process. Even after liberalization, market investors must rely on...

Persistent link: https://www.econbiz.de/10011255930

The Impact of Cross-Border Banking on Financial Stability

Schoenmaker, Dirk; Wagner, Wolf - Tinbergen Instituut - 2011

This paper focuses on the stability aspects of cross-border banking. We first argue that cross-border banking brings about various benefits and costs for financial stability. Based on this, we draw conclusions for the desirability of cross-border banking in the EU, and derive implications for...

Persistent link: https://www.econbiz.de/10011255982

Bank Deregulation, Competition and Economic Growth: The US Free Banking Experience

Ager, Philipp; Spargoli, Fabrizio - Tinbergen Instituut - 2013

removing barriers to bank entry on bank competition and economic growth. As governments were not concerned about systemic … stability in this period, we are able to isolate the effects of bank competition from those of state implicit guarantees. We … states that retained state bank chartering policies. We argue that the fiercer bank competition following the introduction of …

Persistent link: https://www.econbiz.de/10011256043

Banking and Trading

Boot, Arnoud W.A.; Ratnovski, Lev - Tinbergen Instituut - 2012

We study the effects of a bank’s engagement in trading. Traditional banking is relationship-based: not scalable, long-term oriented, with high implicit capital, and low risk (thanks to the law of large numbers). Trading is transactions-based: scalable, short-term, capital constrained, and with...

Persistent link: https://www.econbiz.de/10011256147

Lobbying on Entry

Perotti, Enrico; Volpin, Paolo - Tinbergen Instituut - 2004

earned withless competition. Entry and investor protection improve when wealth distribu-tion becomes less unequal, and the …

Persistent link: https://www.econbiz.de/10011256172

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 …

Persistent link: https://www.econbiz.de/10011256233

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