Similar Search Results

Haubrich, Joseph G. - 1984

. However, a financial institution -- perhaps best viewed as a savings bank -- can provide partial insurance by generating a … the bank faces a tradeoff between provision of insurance and maintenance of private incentives …

Persistent link: https://www.econbiz.de/10012477783

Risk Management in Financial Institutions

Rampini, Adriano A. - 2019

We study risk management in financial institutions using data on hedging of interest rate and foreign exchange risk. We find strong evidence that institutions with higher net worth hedge more, controlling for risk exposures, both across institutions and within institutions over time. For...

Persistent link: https://www.econbiz.de/10012479649

The Design of Financial Systems : Towards a Synthesis of Function and Structure

Merton, Robert C. - 2004

This paper proposes a functional approach to designing and managing the financial systems of countries, regions, firms, households, and other entities. It is a synthesis of the neoclassical, neo-institutional, and behavioral perspectives. Neoclassical theory is an ideal driver to link science...

Persistent link: https://www.econbiz.de/10012468071

Has the U.S. Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation

Philippon, Thomas - 2012

I provide a quantitative interpretation of financial intermediation in the U.S. over the past 130 years. Measuring separately the cost of intermediation and the production of financial services, I find that: (i) the quantity of intermediation varies a lot over time; (ii) intermediation is...

Persistent link: https://www.econbiz.de/10012460582

The FinTech Opportunity

Philippon, Thomas - 2016

This paper assesses the potential impact of FinTech on the finance industry, focusing on financial stability and access to services. I document first that financial services remain surprisingly expensive, which explains the emergence of new entrants. I then argue that the current regulatory...

Persistent link: https://www.econbiz.de/10012456201

Trust and Saving in Financial Institutions

Galiani, Sebastian - 2020

We examine the role of trust in financial institutions as a necessary condition for the wider use of formal financial … attend a 3.5 hour training session designed to build their trust in financial institutions. Using household survey data … combined with high-frequency administrative data, we find that the intervention: (a) significantly increased the level of trust …

Persistent link: https://www.econbiz.de/10012479333

Does Finance Benefit Society?

Zingales, Luigi - 2015

Academics' view of the benefits of finance vastly exceeds societal perception. This dissonance is at least partly explained by an under-appreciation by academia of how, without proper rules, finance can easily degenerate into a rent-seeking activity. I outline what finance academics can do, from...

Persistent link: https://www.econbiz.de/10012457772

Finance and the Preservation of Wealth

Gennaioli, Nicola - 2013

changes in investor trust, the model can account for the sharp decline of finance in the Great Depression, as well as its slow … trust and encouraged growth of financial income …

Persistent link: https://www.econbiz.de/10012459544

FinTech as a Financial Liberator

Buchak, Greg; Hu, Jiayin; Wei, Shang-jin - National Bureau of Economic Research - 2021

A binding interest rate cap on household savings is a common form of financial repression in developing economies and typically benefits banks. Using proprietary data from a leading Chinese FinTech company, we study Fintech's role in ending financial repression in China through the introduction...

Persistent link: https://www.econbiz.de/10012696357

Relationship Banking and the Pricing of Financial Services

Calomiris, Charles - 2006

We investigate how banking relationships that combine lending and underwriting services affect the terms of lending …

Persistent link: https://www.econbiz.de/10012466039

1
2
3
4
5
6
7
8
9
10
Next
Last