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Liquidity, term spreads and monetary policy
Aksoy, Yunus; Basso, Henrique S. - 2012
use the model to look at monetary policy and show that allowing banks to sell long-term assets to the central bank after a … ; bank portfolio …
Persistent link: https://www.econbiz.de/10009682825
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The impact of competition on bank orientation and specialization : the impact of competition on bank orientation
Degryse, Hans; Ongena, Steven - 2004
How do banks react to increased interbank competition? Recent banking theory offers conflicting predictions about the … impact of competition on bank orientation - i.e., the choice of relationship based versus transactional banking - and bank … industry specialization. We empirically investigate the impact of interbank competition on bank branch orientation and …
Persistent link: https://www.econbiz.de/10011402722
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Risk taking, limited liability and the competition of bank regulators
Sinn, Hans-Werner - 2001
Limited liability and asymmetric information between an investment bank and its lenders provide an incentive for a bank … international policy externality on foreign lenders of domestic banks, there will be an undersupply of such regulation. This may …
Persistent link: https://www.econbiz.de/10011400902
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Foreign currency loans and credit risk : evidence from U.S. banks
Niepmann, Friederike; Schmidt-Eisenlohr, Tim - 2017
When firms borrow in foreign currency but collect revenues in local currency, exchange rate changes can affect their ability to repay their debt. Using loan-level data from U.S. banks' regulatory filings, this paper studies the effect of exchange rate changes on firms’ loan payments. A 10...
Persistent link: https://www.econbiz.de/10011741340
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Information technology in banking and entrepreneurship
Ahnert, Toni; Dörr, Sebastian; Pierri, Nicola; Timmer, … - 2024
We study the importance of information technology (IT) in banking for entrepreneurship. Guided by a parsimonious model, we establish that job creation by young firms is stronger in US counties more exposed to banks with greater IT adoption. We present evidence consistent with banks’ IT...
Persistent link: https://www.econbiz.de/10015048384
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Property insurance, portfolio selection and their interdependence
Chang, Fwu-ranq (contributor) - 2008
Persistent link: https://www.econbiz.de/10003662865
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Illusion of expertise in portfolio decisions : an experimental approach
Fellner, Gerlinde; Güth, Werner; Maciejovsky, Boris - 2001
Overall, 72 subjects invest their endowment in four risky assets. Each com-bination of assets yields the same expected return and variance of returns. Illusion of expertise prevails when one prefers nevertheless the self-selected portfolio. After being randomly assigned to groups of four...
Persistent link: https://www.econbiz.de/10011408429
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The design of pension pay out options when the health status during retirement is uncertain
Kifmann, Mathias (contributor) - 2008
Persistent link: https://www.econbiz.de/10003635223
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Application of stochastic optimal control to financial market debt crises
Stein, Jerome L. - 2009
This interdisciplinary paper explains how mathematical techniques of stochastic optimal control can be applied to the recent subprime mortgage crisis. Why did the financial markets fail to anticipate the recent debt crisis, despite the large literature in mathematical finance concerning optimal...
Persistent link: https://www.econbiz.de/10003807893
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On the equivalence between labor and consumption taxation
Panteghini, Paolo - 2009
This article studies the equivalence between labor and consumption taxes in a stochastic context, where the government can undertake an active portfolio management strategy by investing in both risk-free and risky assets. Using a two-period model we show that such taxes let consumers make the...
Persistent link: https://www.econbiz.de/10003820652