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The research shows that banking relationships are important to lending. However, few studies focus on the banking … shows the impacts of credit rationing and tightening credit conditions, even in the syndicated loans market. We investigate … whether banking relationships help firms to benefit from better terms for syndicated loans in a chaotic financial environment …
Persistent link: https://www.econbiz.de/10010960595
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 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 …
Persistent link: https://www.econbiz.de/10010707190
protectionist practices by pointing to the different banking business lines and the responses provided by market participants. …
Persistent link: https://www.econbiz.de/10011072201
This paper sets out an analytical framework for optimal asset allocation of sovereign wealth, based on the theory of contingent claims analysis applied to the sovereigns economic balance sheet. A country solves an asset-liability management problem involving its sources of income and its...
Persistent link: https://www.econbiz.de/10010772253
This paper sets out a new analytical framework for optimal asset allocation of sovereign wealth, based on the theory of contingent claim ana lysis (CCA) applied to the sovereign’s economic balance sheet. A country solves an asset-l iability management (ALM) problem between its sources of...
Persistent link: https://www.econbiz.de/10010707680
This paper addresses management of sovereign wealth from the perspective of the theory of contingent claims. Starting with the sovereign's balance sheet, we frame sovereign fund management as an asset-liability management (ALM) problem, covering all public entities and taking explicit account of...
Persistent link: https://www.econbiz.de/10011099448
Persistent link: https://www.econbiz.de/10010861438
Persistent link: https://www.econbiz.de/10010708840
points, bank risk and the high price of bullion. It is then shown how far Ricardo is led astray in his criticism of Thornton …
Persistent link: https://www.econbiz.de/10010776488
the sequence of twin crisis, exchange and banking crisis, thus explaining the difficulties for an ILLR to act on the …
Persistent link: https://www.econbiz.de/10010707567