Showing 1 - 10 of 143
This paper considers and assesses various explanations attributed as principal factors of the recent Financial Crisis. In particular, it focuses on two principal regulatory tools which constitute the basis of the framework promulgated by recent Basel Committee's initiatives, that is, Basel III....
Persistent link: https://www.econbiz.de/10008777385
The primary aim of this paper to evaluate the cost of deposit insurance premium and assess moral hazard effect in the … technical inefficiency. The findings of the research indicate there is a positive association between insurance coverage premium … insurance premium to risk based insurance premium policy. …
Persistent link: https://www.econbiz.de/10011110389
This paper presents an overview of some general concepts and techniques of an adequacy estimation of simulation models of the banking business processes. A proposal on specific requirements for computer simulation models to banking activity re-engineering and optimization is formulated.
Persistent link: https://www.econbiz.de/10011260831
Credit derivatives allow for buying protection on corporate debt, but also on sovereign debt. In this paper we examine the implications for sovereign debt crises. We show that the availability of credit protection lowers ex-ante debtor moral hazard by allowing a bondholder to improve his...
Persistent link: https://www.econbiz.de/10005089342
The financial stability can not be achieved without the existence of a lender of last resort. The Bagehot rule is not always appropriate because the complexity of the financial systems increased and because the financial turbulences have nowadays a global impact. In this study we present the...
Persistent link: https://www.econbiz.de/10005029700
Moral hazard is widely reported as a problem in credit and insurance markets, mainly arising from information asymmetry …
Persistent link: https://www.econbiz.de/10005616783
various types of agricultural insurance. Insuring small-scale farmers against crop losses to adverse weather or other hazards … has attracted public sector involvement in the provision of agricultural insurance in many countries among which Romania … insurance. This will require the establishment of a framework for responding to severe systemic events affecting agricultural …
Persistent link: https://www.econbiz.de/10005621456
Comments on: Barry Eichengreen, Kenneth Kletzer, and Ashoka Mody who describe the debate over collective action clauses, which have been considered by the G-7,G-10, G-20, G-22, G-30, Institute of International Finance (IIF),International Monetary Fund, International Monetary and Financial...
Persistent link: https://www.econbiz.de/10005835825
The paper discusses moral hazard problems as a potential reason for the observed strong increase of indebtedness of German states (Länder). Indeed, financial markets do not react much to the strong differences in fiscal fundamentals of German Länder. Using a case study, the paper also shows...
Persistent link: https://www.econbiz.de/10005835982
We develop and test experimentally a theoretical model of the role of self-esteem, generated by private feedback regarding relative performance, on the behavior of agents working on an effort provision task for a flat wage. Agents work harder and expect to rank better when they are told they may...
Persistent link: https://www.econbiz.de/10005836122