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underscore the economic importance of regulation in the funds’ asset allocation choices, relative to institutional and individual …
Persistent link: https://www.econbiz.de/10010812471
question : why do banks fund loans with both equity and demand deposits ? The model determines the optimal bank capital … intermediary provides liquidity to its depositors at a lower cost, and channels more funds to the most efficient investments. The … model identifies the sources of market failure that may justify banking regulation. …
Persistent link: https://www.econbiz.de/10010707190
the constraints, as least as far as retail banks are concerned, of rules and regulations constituting thinly veiled …
Persistent link: https://www.econbiz.de/10011072201
The post-crisis financial reforms address the need for systemic regulation, focused not only on individual banks but … also on the whole financial system. The regulator principal objective is to set banks' capital requirements equal to … systemic risk. Moreover, bank regulation is considered in a two-scale level, either at the bank level or at the system …
Persistent link: https://www.econbiz.de/10010790026
Today, the main problem in financing economies is linked to liquidity problems of banks. The paradox is that the world …. Economic stimulus goes through this mobilisation of reserves accumulated over the past years. The goal of central banks was to … mobilisation of liquidity and the transformation of the financing networks. The main idea of theses proposals is that the burden of …
Persistent link: https://www.econbiz.de/10010708363
The post-crisis financial reforms address the need for systemic regulation, focused not only on individual banks but … also on the whole financial system. The regulator principal objective is to set banks' capital requirements equal to … systemic risk. Moreover, bank regulation is considered in a two-scale level, either at the bank level or at the system …
Persistent link: https://www.econbiz.de/10010708963
In this paper, we take up the analysis of a principal/agent model with moral hazard introduced by Pagès (J. Financ. Intermed. doi:10.1016/j.jfi.2012.06.001, 2012), with optimal contracting between competitive investors and an impatient bank monitoring a pool of long-term loans subject to...
Persistent link: https://www.econbiz.de/10011073244
From January 1, 2005, the accounting standards applicable to publicly traded European banking institutions will be the standards issued by the IASB. The purpose of this paper is twofold. From a sample of nineteen European banking institutions, we first study the characteristics of this fair...
Persistent link: https://www.econbiz.de/10010905039
issuance of IAS 39 produce negative (positive) abnormal stock price reactions for sample banks. Further, we demonstrate that … the magnitude of the stock price reactions was not related to specific characteristics of sample banks. …
Persistent link: https://www.econbiz.de/10010905311
regulated. The regulation is based on management and structure ratios whose intended effects are the prevention of bank failures …, as informational asymmetry between depositors, banks and borrowers can cause economic panics. Within the framework of … economic income. Furthermore, the international accounting regulation institutions tend to promote comparable performance …
Persistent link: https://www.econbiz.de/10010742283