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This note provides an example of an optimal banking panic. We construct a model in which a banking panic is triggered by the banker, not the depositors. When the banker receives a pessimistic information on the return on the bank's assets, he liquidates them prematurely in order to protect his...
Persistent link: https://www.econbiz.de/10011166321
This paper constructs a theoretical model that integrates the two objectives of capital adequacy requirements and deposit insurance, namely avoiding banking crises and protecting small depositors. The paper also addresses the related question : why do banks fund loans with both equity and demand...
Persistent link: https://www.econbiz.de/10010707190
Today, the main problem in financing economies is linked to liquidity problems of banks. The paradox is that the world has never had so many liquidities at its disposal and rarely has economic players found themselves under such obligations. Economic stimulus goes through this mobilisation of...
Persistent link: https://www.econbiz.de/10010708363
Persistent link: https://www.econbiz.de/10011228194
incidence of corruption is another distinctive feature of SSA. According to the last Transparency International Corruption … Perception Index almost 70% of SSA countries ranked register score below 3, indicating that corruption is perceived as rampant …. However, to the best of our knowledge the corruption and informality nexus has never been explored in comprehensive empirical …
Persistent link: https://www.econbiz.de/10010861557
The purpose of this research was to examine student perceptions of academic integrity among faculty and peers at a sample of public universities in Romania. The study explores the factors that influence academic dishonesty among college students and compares the relative importance of faculty...
Persistent link: https://www.econbiz.de/10010742282
The economic performances of oil exporting countries reveal a counter intuitive phenomenon: natural wealth is a limit for growth opportunities. Development experiences of many oil exporting countries prove that the possession of natural resources is often transformed into a curse. The literature...
Persistent link: https://www.econbiz.de/10010752620
consider that registration provides at least partial protection from corruption. Besides, access to information, the market and …
Persistent link: https://www.econbiz.de/10010706475
Several similarities explain the spread of the Arab revolutionary process : the polarization of economies to limited sectors, a rentier-based management of resources, very low employment rates and extremely high rates of skilled migration. Finally, a similar external pact with the Western...
Persistent link: https://www.econbiz.de/10010706675
shows that the two traditional visions of the consequences of corruption on trade coexist. …
Persistent link: https://www.econbiz.de/10010707634