Showing 1 - 10 of 41
We use a method similar to Google’s PageRank procedure to rank banks in the Canadian Large Value Transfer System (LVTS). Along the way we obtain estimates of the payment processing speeds for the individual banks. These differences in processing speeds are essential for explaining why observed...
Persistent link: https://www.econbiz.de/10003775746
The author develops a dynamic model of banking competition to determine which capital instrument is most effective in disciplining banks' risk choice. Comparisons are conducted between equity, subordinated debentures (SD), and uninsured deposits (UD) as funding sources. The model, adapted from...
Persistent link: https://www.econbiz.de/10003463658
evidence reveals that (i) the top three banks, RBC Financial Group, TD Bank Financial Group, and Scotiabank are more …
Persistent link: https://www.econbiz.de/10009307595
This paper examines the impact of bank consolidation on mortgage rates in order to evaluate the extent to which …
Persistent link: https://www.econbiz.de/10009487798
-issued bank notes (national bank notes) and central bank-issued bank notes (Federal Reserve notes) were simultaneously in … Federal Reserve notes were not issued to be a superior currency to national bank notes. Rather, they were issued to enable the … eventually eliminate national bank notes was that they were potentially a source of bank reserves. As such, they could have …
Persistent link: https://www.econbiz.de/10011280047
We analyze how a wealth shift to emerging countries may lead to instability in developed countries. Investors exposed to expropriation risk are willing to pay a safety premium to invest in countries with good property rights. Domestic intermediaries compete for such cheap funding by carving out...
Persistent link: https://www.econbiz.de/10011304762
Recent studies in monetary theory show that if buyers can use lotteries to signal the quality of bank notes …
Persistent link: https://www.econbiz.de/10009762123
have a funding advantage over small banks after controlling for bank-specific and market risk factors. Working with hand …
Persistent link: https://www.econbiz.de/10010225470
The paper employs a unique identification strategy that links survey data on household consumption expenditure to bank …-level data in order to estimate the effects of bank financial distress on consumer credit and consumption expenditures …
Persistent link: https://www.econbiz.de/10010238950
In the United States prior to 1863 each bank issued its own distinct notes. E-money shares many of the characteristics … of these bank notes. This paper describes some lessons relevant to e-money from the U.S. experience with state bank notes …. It examines historical evidence on how well the bank notes - a privately-issued currency system with multiple issuers …
Persistent link: https://www.econbiz.de/10010346236