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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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The problem with government interventions: The wrong banks, inadequate strategies, or ineffective measures?
Hryckiewicz, Aneta - Volkswirtschaftliche Fakultät, … - 2014
banking crises. Recent findings show that government intervention results in only a small proportion of bank recoveries. This …
Persistent link: https://www.econbiz.de/10011271681
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Banking business models and the nature of financial crises
Hryckiewicz, Aneta; Kozlowski, Lukasz - Volkswirtschaftliche Fakultät, … - 2014
different combinations of bank asset and funding sources and assess their impact on the mortgage crisis. We then estimate how … distinct strategies have affected bank profitability and risk before the crisis, and what impact they have put on the mortgage …
Persistent link: https://www.econbiz.de/10011272695
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Originators, traders, neutrals, and traditioners – various banking business models across the globe. Does the business model matter for financial stability?
Hryckiewicz, Aneta - Volkswirtschaftliche Fakultät, … - 2014
Why were some banks heavily affected by mortgage crises, while others barely? Why were some banking sectors dominated by “originate and distribute” model, while others were trading? Why did some banks decide not to follow the others, and preferred to stay traditional banks? How the models...
Persistent link: https://www.econbiz.de/10011109731
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The problem with government interventions: The wrong banks, inadequate strategies, or ineffective measures?
Hryckiewicz, Aneta - Volkswirtschaftliche Fakultät, … - 2014
banking crises. Recent findings show that government intervention results in only a small proportion of bank recoveries. This …
Persistent link: https://www.econbiz.de/10011109877
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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