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Will Islamic banking make the world less risky? : an empirical analysis of capital structure, risk shifting and financial stability

Farooq, Moazzam; Wijnbergen, Sweder van; Zaheer, Sajjad - 2015

We use a classic Merton credit risk framework to argue that Islamic Banking Institutions (IBIs) face less incentive to take on risks than Conventional Banking Institutions (CBI). IBIs have less incentive for risk shifting both in and outside of distress situations. We test and confirm this...

Persistent link: https://www.econbiz.de/10010532124

The information in systemic risk rankings

Nucera, Federico; Schwaab, Bernd; Koopman, Siem Jan; … - 2015

We propose to pool alternative systemic risk rankings for financial institutions using the method of principal components. The resulting overall ranking is less affected by estimation uncertainty and model risk. We apply our methodology to disentangle the common signal and the idiosyncratic...

Persistent link: https://www.econbiz.de/10010532581

Aid and growth at the regional level

Dreher, Axel; Lohmann, Steffen - 2015

Persistent link: https://www.econbiz.de/10010533013

Value-at-risk and extreme returns

Daníelsson, Jón; Vries, Casper G. de - 1997

Accurate prediction of the frequency of extreme events is of primary importance in many financialapplications such as Value-at-Risk (VaR) analysis. We propose a semi-parametric method for VaRevaluation. The largest risks are modelled parametrically, while smaller risks are captured by the...

Persistent link: https://www.econbiz.de/10010533206

Global environment change regimes

Wang, Shunli; Nijkamp, Peter; Kuik, Onno J. - 2001

A consistent mapping of all complex ramifications (including direct and indirect effects) of variousgreenhouse policies in an open institutional economy requires the use of a general equilibriumframework. From the existing set of available equilibrium models we have selected the...

Persistent link: https://www.econbiz.de/10011318586

The effect of migration on income convergence : meta-analytic evidence

Ozgen, Ceren; Nijkamp, Peter; Poot, Jacques - 2009

Persistent link: https://www.econbiz.de/10003830549

Global and regional impacts of the clean mechanism

Wang, Shunli; Groot, Henri L. F. de; Nijkamp, Peter; … - 2009

Persistent link: https://www.econbiz.de/10003851137

On the relation between income inequality and happiness : do fairness perceptions matter?

Bjørnskov, Christian; Dreher, Axel; Fischer, Justina A. V. - 2009

the World Values Survey data and a broad set of fairness measures, we find strong support for the negative (positive …

Persistent link: https://www.econbiz.de/10003944651

Are "new" donors different? : comparing the allocation of bilateral aid between non-DAC and DAC donor

Dreher, Axel; Nunnenkamp, Peter; Thiele, Rainer - 2010

Major DAC donors are widely criticized for weak targeting of aid, selfish aid motives and insufficient coordination. The emergence of an increasing number of new donors may further complicate the coordination of international aid efforts. On the other hand, new donors (many of which were aid...

Persistent link: https://www.econbiz.de/10003944716

The costs of favoritism : is politically-driven aid less effective?

Dreher, Axel; Klasen, Stephan; Vreeland, James Raymond; … - 2010

World Bank projects and generally find that projects that are potentially politically motivated - such as those granted to … governments holding a non-permanent seat on the United Nations Security Council or an Executive Directorship at the World Bank … Council members with higher short-term debt, however, a negative quality rating is more likely. So we find evidence that World …

Persistent link: https://www.econbiz.de/10003944718