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question : why do banks fund loans with both equity and demand deposits ? The model determines the optimal bank capital … structure. In comparison with a Diamond-Dybvig bank which funds loans with demand deposits only, a capitalized financial … model identifies the sources of market failure that may justify banking regulation. …
Persistent link: https://www.econbiz.de/10010707190
During this interview, Joel Metais retraces the milestones in the history of the financial industry, suffering under the constraints, as least as far as retail banks are concerned, of rules and regulations constituting thinly veiled protectionism, which in Europe has at last begun to give way to...
Persistent link: https://www.econbiz.de/10011072201
avoid systemic bank crises. They have gone from a regulatory role for the interbank market to a role of financing the world …
Persistent link: https://www.econbiz.de/10010708363
systemic risk. Moreover, bank regulation is considered in a two-scale level, either at the bank level or at the system …The post-crisis financial reforms address the need for systemic regulation, focused not only on individual banks but … alternative model to Basel framework is derived where systemic risk is taken into account in each bank's dynamic. This might be a …
Persistent link: https://www.econbiz.de/10010790026
systemic risk. Moreover, bank regulation is considered in a two-scale level, either at the bank level or at the system …The post-crisis financial reforms address the need for systemic regulation, focused not only on individual banks but … alternative model to Basel framework is derived where systemic risk is taken into account in each bank's dynamic. This might be a …
Persistent link: https://www.econbiz.de/10010708963
. Recent scandals in the financial industry exposed overconfidence in IT based regulation and, as scholars of regulation have … with a broad perspective we define sociomaterial regulation as the relationships between the rules, the IT artifacts, and … modalities of sociomaterial regulation which can be understood using the three relationships: functionality-, tool-, role …
Persistent link: https://www.econbiz.de/10010757430
exclusive rights of use over information and on the self-regulation of on-line communities. Through a decentralized system of …
Persistent link: https://www.econbiz.de/10010765455
The key role of institutions for economic performance has recently been acknowledged in the economic policy debate. This paper aims at pointing out the main policy lessons and the recommendations to be drawn from New Institutional Economics (NIE), when considering the organization of markets. We...
Persistent link: https://www.econbiz.de/10010765457
from others, and because they seek to influence the industry regulation. Properly organized fora establish an open …
Persistent link: https://www.econbiz.de/10010723175
I propose a model in which firms can convey their quality by listing on a stock exchange. To list, firms must comply with costly listing requirements allowing investors to recognize imperfectly their quality. A profit maximizing exchange may set listing requirements leading to high information...
Persistent link: https://www.econbiz.de/10010861490