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The Allocation of Economic Capital in Opaque Financial Conglomerates
Mierzejewski, Fernando - 2009
The capital structure of firms that face restrictions on liquidity (i.e. that cannot hedge continuously) is affected by the agency costs and moral-hazard implicit in the contracts they establish with stockholders and customers. It is demonstrated in this paper that then an optimal level of...
Persistent link: https://www.econbiz.de/10013159445
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Негативні аспекти глобалізаційного процесу на фінансову систему
Petrushchak, Bohdan - Volkswirtschaftliche Fakultät, … - 2009
The negative aspects of influence of globalization’s externalities on national financial system and the role of globalization in the development of crisis are analyzed. The author considers modern methods of regulation of short term capital flows, which influence on the financial market is...
Persistent link: https://www.econbiz.de/10008927061
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Impact of Economic Crisis on Innovation Behaviour of Industrial Firms In Russia
Kuznetsov, Boris - 2013
The paper focuses on empirical analysis of major factors that determine innovation activities of Russian manufacturing firms during the crisis. We presume that the crisis has ambiguous effects on firms' behaviour, on one hand limiting their financial capabilities to invest into new products...
Persistent link: https://www.econbiz.de/10013082604
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Geld
Freeman, Alan - Volkswirtschaftliche Fakultät, … - 2004
This is a prepublication version of the German language version of the entry on ‘Money’ (‘Geld’) in the ‘Historisch Kritisch Wörterbuch des Marxismus’, a comprehensive dictionary of Marxist terminology being produced as an accompaniment to the Marx-Engels-Gesamt-Arbeite (Marx-Engels...
Persistent link: https://www.econbiz.de/10005619742
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Central bank’s role and involvement in bank regulation: Lender of last resort arrangements and the Special Resolution Regime (SRR)
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2009
This paper considers developments which have necessitated greater involvement and a greater role for the central bank … legislation such as the Banking Act of 2009 which has not only introduced greater statutory powers for the central bank, but also … the Special Resolution Regime. As well as a consideration of arguments which are in favour of the central bank’s role as …
Persistent link: https://www.econbiz.de/10009323454
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Is hazard or probit more accurate in predicting financial distress? Evidence from U.S. bank failures
Cole, Rebel A.; Wu, Qiongbing - Volkswirtschaftliche Fakultät, … - 2009
one-period probit model used by Cole and Gunther (1998). Using data on U.S. bank failures from 1985 – 1992, we find that …, from an econometric perspective, the hazard model is more accurate than the probit model in predicting bank failures, but … data from the 1980s performs surprisingly well in forecasting bank failures during 2009 – 2010. …
Persistent link: https://www.econbiz.de/10008615025
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Déjà vu all over again: The causes of U.S. commercial bank failures this time around
Cole, Rebel A.; White, Lawrence J. - Volkswirtschaftliche Fakultät, … - 2010
In this study, we analyze why U.S. commercial banks failed during the recent financial crisis. We find that proxies for commercial real estate investments, as well as traditional proxies for the CAMELS components, do an excellent job in explaining the failures of banks that were closed during...
Persistent link: https://www.econbiz.de/10008615045
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Microeconomic determinants of losses in financial institutions during the crisis
Forte, Antonio; Cepparulo, Alessandra - Volkswirtschaftliche Fakultät, … - 2012
In this study we try to explain the inclusion of banks in the WDCI list proposed by Bloomberg. This list collects a group of more than 100 banking institutions which, during the crisis, suffered losses. We explain the probability of being part of the list (to suffer severe or highly severe...
Persistent link: https://www.econbiz.de/10011258405
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Shadow banking in China
Li, Jianjun; Hsu, Sara - Volkswirtschaftliche Fakultät, … - 2012
This is an English summary of a 300-page report produced by Jianjun Li, Sara Hsu and Guangning Tian, “The Annual Report of China Shadow Banking System,” Project Sponsored by the National Natural Science Foundation of China, Project Number 71173246,
Persistent link: https://www.econbiz.de/10011259410
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Financial System Classification: From Conventional Dichotomy to a More Modern View
Veysov, Alexander - Volkswirtschaftliche Fakultät, … - 2012
classification of financial systems. Conventional wisdom holds that there are basically 2 types of financial systems – bank-based and …
Persistent link: https://www.econbiz.de/10011259533