Showing 1 - 10 of 14
I study the institution of avoiding to hire one’s school own PhD graduates for assistant professorships. I argue that this institution is necessary to create better incentives for researchers to incorporate new information in studies, facilitating the convergence to asymptotic learning of the...
Persistent link: https://www.econbiz.de/10009360271
This paper describes how state-of-the-art methods of choice modeling can be used to analyze consumer choice behavior in "competitive" health insurance markets. I use the insurance choices of senior citizens in the U.S. as an example. I then consider the issue of whether consumers benefit when we...
Persistent link: https://www.econbiz.de/10011108799
The Basel Committee’s recent consultative document on the “Proposal to Ensure the Loss Absorbency of Regulatory Capital at the Point of Non Viability” sets out a proposal aimed at “enhancing the entry criteria of regulatory capital to ensure that all regulatory capital instruments issued...
Persistent link: https://www.econbiz.de/10008534207
recent Basel Committee's initiatives, that is, Basel III. These two regulatory tools being capital and liquidity requirements … why the Basel Committee's liquidity requirements and present proposals aimed at addressing liquidity risks, still … Crisis, the paper will highlight how runs on banks are triggered by liquidity crises and that liquidity risks cannot be …
Persistent link: https://www.econbiz.de/10008777385
We analyze the optimal regulation of a MFI that has private information on the intrinsic quality of its loan portfolio (adverse selection) and where the MFI’s choice of effort to improve this quality cannot be observed by the regulator (moral hazard). In designing optimal contracts the...
Persistent link: https://www.econbiz.de/10011259987
the order of the consultative processes, namely, the capital proposals, the liquidity proposals and the Proposal to ensure … strengthening the resilience of the banking sector, the proposal relating to international framework for liquidity risk measurement … with capital adequacy requirements could still face severe liquidity problems. As well as highlighting the importance of …
Persistent link: https://www.econbiz.de/10009246895
The role of information’s processing in bank intermediation is a crucial input. The bank has access to different types of information in order to manage risk through capital allocation for Value at Risk coverage. Hard information, contained in balance sheet data and produced with credit...
Persistent link: https://www.econbiz.de/10005836711
The theoretical aspects of three generation of financial crisis’ models are analyzed. On the basis of retrospective analysis of these models are determined the main causes than make the economic misbalance more profound and than cause a crisis. Проаналізовано теоретичні...
Persistent link: https://www.econbiz.de/10008927055
This study analyzes the effects of managerial ownership on the risk-taking behavior of Korean and Japanese banks during the relatively regulated period of the late 1990s to the early 2000s. It finds that managerial ownership alone does not affect either the risk or the profit levels of Korean...
Persistent link: https://www.econbiz.de/10008646823
the order of the consultative processes, namely, the capital proposals, the liquidity proposals and the Proposal to ensure … strengthening the resilience of the banking sector, the proposal relating to international framework for liquidity risk measurement … with capital adequacy requirements could still face severe liquidity problems. As well as highlighting the importance of …
Persistent link: https://www.econbiz.de/10008684871