Narrow search
Showing 1 - 10 of 117
Cover Image
Ranking Systemically Important Financial Institutions
Dungey, Mardi; Luciani, Matteo; Veredas, David - Tinbergen Instituut - 2012
. First, Bank of America, JP Morgan and Wells Fargo are consistently in the top 10 throughout the sample. Citigroup and Lehman …
Persistent link: https://www.econbiz.de/10011255476
Cover Image
Incentives for Effective Risk Management
Daníelsson, Jón; Jorgensen, Bjørn N.; Vries, Casper G. de - Tinbergen Instituut - 2001
standard approach subsequent to becoming regulated, i.e., the presence of regulation may induce a bank to decrease the quality … 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 uses a principal–agent setting between a bank's owner and its risk …
Persistent link: https://www.econbiz.de/10011255855
Cover Image
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
Cover Image
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 …
Persistent link: https://www.econbiz.de/10011255930
Cover Image
Lobbying on Entry
Perotti, Enrico; Volpin, Paolo - Tinbergen Instituut - 2004
We develop a model of endogenous lobby formation in which wealth inequalityand political accountability undermine entry and financial development. In-cumbents seek a low level of effective investor protection to prevent potentialentrants from raising capital. They succeed because they can...
Persistent link: https://www.econbiz.de/10011256172
Cover Image
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
Cover Image
Investor Protection and Entry
Perotti, Enrico; Volpin, Paolo - Tinbergen Instituut - 2007
Entry requires external finance, especially for less wealthy entrepreneurs, so poor investor protection limits competition. We model how incumbents lobby harder to block access to finance to entrants when politicians are less accountable to voters. In a broad cross-section of countries and...
Persistent link: https://www.econbiz.de/10011256887
Cover Image
On Risk, Leverage and Banks: Do highly Leveraged Banks take on Excessive Risk?
Koudstaal, Martin; Wijnbergen, Sweder van - Tinbergen Instituut - 2012
This paper deals with the relation between excessive risk taking and capital structure in banks. Examining a quarterly dataset of U.S. banks between 1993 and 2010, we find that equity is valued higher when more risky portfolios are chosen when leverage is high, and that more risk taking has a...
Persistent link: https://www.econbiz.de/10011257139
Cover Image
An Analysis of the Effects of the Severance Payment Reform on Credit to Italian SMEs
Calcagno, Riccardo; Kraeussl, Roman; Monticone, Chiara - Tinbergen Instituut - 2008
bank loans, we also estimate the future outflows of TFR funds due to the reform. …
Persistent link: https://www.econbiz.de/10011255902
Cover Image
The Pricing of Bank Debt Guarantees
Arping, Stefan - Tinbergen Instituut - 2009
We analyze the optimal pricing of government-sponsored bank debt guarantees within the context of an asset substitution …
Persistent link: https://www.econbiz.de/10011256238