Similar Search Results

Haan, Jakob de; Amtenbrink, Fabian - de Nederlandsche Bank - 2011

This paper critically reviews the debate on CRAs and, in the light thereof, analyses the European regulatory approach to CRAs, thereby combining insights from economics and law. We first provide some basic background on the function of CRAs. Thereafter, we focus on the two main tasks for which...

Persistent link: https://www.econbiz.de/10008799343

Commission Bans and the Source and Quality of Financial Advice

Gorter, Janko - de Nederlandsche Bank - 2012

In the wake of the financial crisis, several countries are to ban commission payments to improve the quality of financial advice. This paper investigates the potential impact of commission bans on the source and quality of financial advice. To this end, we extend Inderst and Ottaviani's (2012)...

Persistent link: https://www.econbiz.de/10011004566

Value-at-Risk analysis of stock returns: Historical simulation, varinace techniques or tail index estimation ?

Goorbergh, R.W.J. van den; Vlaar, P.J.G. - de Nederlandsche Bank - 1999

In this paper various Value-at-Risk techniques are applied tot the Dutch stock market index AEX and to the Dow Jones Industrial Average. the main conclusions are: (1) Changing volatility over time is the most important characteristic of stock returns when modelling value-at-risk; (2) For high...

Persistent link: https://www.econbiz.de/10005106724

Franchise value and risk-taking in modern banks

Martynova, Natalya; Ratnovski, Lev; Vlahu, Razvan - de Nederlandsche Bank - 2014

Traditional theory suggests that high franchise value limits bank risk-taking incentives. Then why did many banks with exceptionally valuable franchises get exposed to new financial instruments, resulting in significant losses during the crisis? This paper attempts to reconcile theory and...

Persistent link: https://www.econbiz.de/10010798444

New Architectures in the Regulation and Supervision of Financial Markets and Institutions: The Netherlands

Prast, Henriëtte; Lelyveld, Iman van - de Nederlandsche Bank - 2004

In recent years, several European Union member states have modified the institutional design offinancial supervision. These reforms pose the question which considerations have led to the different models chosen in these countries. We analyse the considerations in the Netherlands leading to the...

Persistent link: https://www.econbiz.de/10005101800

Depositor and Investor Protection in the EU and the Netherlands: A Brief History

Garcia, Gillian; Prast, Henriette - de Nederlandsche Bank - 2003

. EU-regulation has obliged member countries to make their systems mandatory and there is a tendency towards ex ante …

Persistent link: https://www.econbiz.de/10005101939

The Impact of Explicit Deposit Insurance on Market Discipline

Ioannidou, Vasso; Dreu, Jan de - de Nederlandsche Bank - 2006

This paper studies the impact of explicit deposit insurance on market discipline in a framework that resembles a natural experiment. We improve upon previous studies by exploiting a unique combination of country-specific circumstances, design features, and data availability that allows us to...

Persistent link: https://www.econbiz.de/10005106646

Market Impact Costs of Institutional Equity Trades

Bikker, Jacob A.; Spierdijk, Laura; Sluis, Pieter Jelle … - de Nederlandsche Bank - 2004

This paper is the first to analyze market impact and execution costs of equity trading by a pension fund. We find that, on average, these costs are nonnegligible. Average market impact costs equal 20 basis points for buys and 30 basis points for sells; average execution costs equal 27 basis...

Persistent link: https://www.econbiz.de/10005030219

Preferential regulatory treatment and banks' demand for government bonds

Bonner, Clemens - de Nederlandsche Bank - 2014

Government bonds receive preferential treatment in financial regulation. The purpose of this paper is to analyze the … analysis suggests that preferential treatment in liquidity and capital regulation increases banks' demand for government bonds … beyond their own risk appetite. Liquidity and capital regulation also seem to incentivize banks to substitute other bonds …

Persistent link: https://www.econbiz.de/10010812608

Global liquidity regulation - Why did it take so long?

Bonner, Clemens; Hilbers, Paul - de Nederlandsche Bank - 2015

The purpose of this paper is to assess the history of global liquidity regulation until the revised Basel III proposals … in 2013 and to analyze the interaction of capital regulation and banks' liquidity buffers. Our analysis suggests that … regulating capital is associated with declining liquidity uffers. The interaction of liquidity regulation and monetary policy as …

Persistent link: https://www.econbiz.de/10011127195

1
2
3
4
5
6
7
8
Next
Last