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Intro -- Contents -- I. INTRODUCTION -- II. MODEL SETTING AND CHARACTERISTICS -- III. UNIQUE EQUILIBRIUM CANDIDATE WITH STRATEGIC INTERMEDIATION -- IV. EXISTENCE OF AN EQUILIBRIUM WITH FREE RECONTRACTING OPPORTUNITY -- V. DISCUSSION -- VI. CONCLUDING REMARKS -- REFERENCES -- APPENDIX I. PROOFS...
Persistent link: https://www.econbiz.de/10012691170
The paper assesses the effects of certain institutional factors on financial sector development in Sub- Saharan Africa (SSA). Data Envelopment Analysis (DEA) is applied to determine the extent to which these institutions affect the financial sector, and to suggest which institutions play a more...
Persistent link: https://www.econbiz.de/10012677506
As in other sectors, competition in finance matters for allocative, productive and dynamic efficiency. Theory suggests, however, that unfettered competition is not first best given the special features of finance. I review these analytics and describe how to assess the degree of competition in...
Persistent link: https://www.econbiz.de/10012677735
probability. Though results vary substantially across individual banks, domestic activity and U.S. growth, and higher asset prices …
Persistent link: https://www.econbiz.de/10012677777
indices; second, which bank-specific characteristics explain these risk exposures; third, are there clusters of banks with … is the evolution of banks' stock price exposure to country-level and global risk factors as approximated by equity … risk, specifically, has been steadily rising since 2008. Banks that are reliant on wholesale funding, have weaker capital …
Persistent link: https://www.econbiz.de/10014409425
This paper examines the behavior of bank soundness indicators during episodes of brisk loan growth, using bank …-level data for central and eastern Europe and controlling for the feedback effect of credit growth on bank soundness. No evidence … is found that rapid loan expansion has weakened banks during the last decade, but over time weaker banks seem to have …
Persistent link: https://www.econbiz.de/10012677467
from domestic banks. As public debt approached sustainability limits in a number of countries, however, high bank exposure … to sovereign risk created a fragile inter-dependence between fiscal and bank solvency. This paper presents a simple model …
Persistent link: https://www.econbiz.de/10010878417
This paper explains the continuing success of European cooperative banks through evolving comparative advantages. It …
Persistent link: https://www.econbiz.de/10005264159
In this paper we empirically examine the operation of the traditional Keynesian interest rate channel of the monetary policy transmission mechanism in five potential inflation targeting economies in the MENA region and compare it with fourteen inflation targeting (IT) emerging market economies...
Persistent link: https://www.econbiz.de/10009327866
Despite the rise in public debt, Japanese Government Bond (JGB) yields have remained low and stable, supported by steady inflows from the household and corporate sectors, high domestic ownership of JGBs, and safe-haven flows from heightened sovereign risks in Europe. Over time, however, the...
Persistent link: https://www.econbiz.de/10009401187