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Basel Ii : A Contracting Perspective
Kane, Edward J. - 2010
Financial safety nets are incomplete social contracts that assign responsibility to various economic sectors for preventing, detecting, and paying for potentially crippling losses at financial institutions. This paper uses the theories of incomplete contracts and sequential bargaining to...
Persistent link: https://www.econbiz.de/10012760523
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Market Evaluations of Banking Fragility in Japan : Japan Premium, Stock Prices, and Credit Derivatives
Ito, Takatoshi - 2010
This paper investigates movements of market indicators of banking fragility, namely, Japan premium, stock prices, and credit derivative spreads of Japanese banks. Although the Japan premium in the euro-dollar market seemed to have virtually disappeared since April 1999, credit and default risks...
Persistent link: https://www.econbiz.de/10012762833
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Selling Failed Banks
Granja, Joao - 2014
We study the recent episode of bank failures and provide simple facts to better understand who acquires failed banks and which forces drive the losses that the FDIC realizes from these sales. We document three distinct forces related to the allocation of failed banks to potential acquirers....
Persistent link: https://www.econbiz.de/10013048587
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Why Does Fast Loan Growth Predict Poor Performance for Banks?
Fahlenbrach, Rüdiger - 2016
high growth banks also have significantly higher crash risk over the three-year period. This poor performance is explained …
Persistent link: https://www.econbiz.de/10012996390
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Measuring Liquidity Mismatch in the Banking Sector
Krishnamurthy, Arvind - 2016
-2014 and investigate the time-series and cross-sectional patterns of banks' liquidity and liquidity risk. Aggregate banking … risk as well as the liquidity risk of the entire banking system. We compare the LMI measure of liquidity to other measures …
Persistent link: https://www.econbiz.de/10012981612
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Political Risk Versus Market Risk in Social Security
Shoven, John B. - 2010
from risk. This study develops the concept of %u201Cpolitical risk%u201D as the possibility that some future legislature … in the demographic and macroeconomic variables that support it. Thus there is a %u201Cpolitical risk%u201D to … participants that might be compared to the %u201Cmarket risk%u201D in a personal accounts retirement scheme. In this paper, we …
Persistent link: https://www.econbiz.de/10012761674
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Danger on the Exchange : How Counterparty Risk Was Managed on the Paris Bourse in the Nineteenth Century
Riva, Angelo - 2010
Over the course of the nineteenth century, the struggles of Paris Bourse to manage counterparty risk revealed the … regime that limited risk, trading began to migrate off the exchange to less regulated markets …
Persistent link: https://www.econbiz.de/10013149295
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An Empirical Assessment of Alternative Models of Risky Decision Making
Baker, Joanna R. - 2010
In this paper, we assess the degree to which four of the most commonly used models of risky decision making can explain the choices individuals make when faced with risky prospects. To make this assessment, we use experimental evidence for two random samples of young adults. Using a robust,...
Persistent link: https://www.econbiz.de/10013135363
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Risk and Returns to Education
Brown, Jeffrey R. - 2012
We analyze the returns to education in a life-cycle framework that incorporates risk preferences, earnings volatility …
Persistent link: https://www.econbiz.de/10013101828
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Testing Macroprudential Stress Tests : The Risk of Regulatory Risk Weights
Acharya, Viral V. - 2013
their risk assessments and outcomes to those from a simple methodology that relies on publicly available market data and … market data; (iii) This discrepancy arises due to the reliance on regulatory risk weights in determining required levels of … capital once stress-test losses are taken into account. In particular, the continued reliance on regulatory risk weights in …
Persistent link: https://www.econbiz.de/10013083085