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The future of large, internationally active banks: Does scale define the winners?
Hughes, Joseph P.; Mester, Loretta J. - 2015
Our research as well as that by other authors has found scale economies at all sizes of banks and the largest scale economies at the largest banks - that is, larger banks are able to provide products at lower average cost than smaller banks. While the earlier literature found that scale...
Persistent link: https://www.econbiz.de/10011687916
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Game theory: Parts I and II - with 88 solved exercises. An open access textbook
Bonanno, Giacomo - 2015
This is a draft of the first half of an open access textbook on game theory. I hope to complete the entire book by the end of 2015. After teaching game theory (at both the undergraduate and graduate level) at the University of California, Davis for 25 years, I decided to organize all my teaching...
Persistent link: https://www.econbiz.de/10011784996
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Money, banking and financial markets
Andolfatto, David; Berentsen, Aleksander; Martin, … - 2017
The fact that money, banking, and financial markets interact in important ways seems self-evident. The theoretical … banking and financial markets with the Lagos and Wright (2005) dynamic model of monetary exchange - a union that bears a … central bank lender-of-last-resort facility to promote efficient liquidity insurance and a panic-free banking system. …
Persistent link: https://www.econbiz.de/10011969184
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Why did Czech Banks Switch From Loans in 1995?
Nilsen, Jeffrey H. - 1998
The Czech banking system is seen by many observers to be the most successful of all former socialist economies'. But … banking system. …
Persistent link: https://www.econbiz.de/10011430003
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Monetary policy and the resilience of the German banking system: From Deutsche Bundesbank to ECB
Sepp, Tim Florian; Israel, Karl-Friedrich; Treitz, Benjamin - 2024
The resilience of the German banking system is studied on the semiaggregated level from 1968 to 2022. We distinguish …
Persistent link: https://www.econbiz.de/10014476280
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Implications of bank ownership for the credit channel ofmonetary policy transmission:Evidence from India
Bhaumik, Sumon Kumar; Dang, Vinh; Kutan, Ali M. - William Davidson Institute <Ann Arbor, Mich.> - 2010
crisis has led to significant state ownership of banking assets in developedcountries such as the United Kingdom. These …
Persistent link: https://www.econbiz.de/10009360487
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Understanding inflation in emerging and developing economies
Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska - 2019
Emerging market and developing economies (EMDEs) have experienced an extraordinary decline in inflation since the early 1970s. After peaking in 1974 at 17.3 percent, inflation in these economies declined to 3.5 percent in 2017. Despite a checkered history of managing inflation among many EMDEs,...
Persistent link: https://www.econbiz.de/10012060219
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The Solvency II Process : Overview and Critical Analysis
Eling, Martin; Schmeiser, Hato; Schmit, Joan T. - Institut für Versicherungswirtschaft <Sankt Gallen> - 2005
regulation. However, with the more recentmovement toward a general single EU market, financial services regulation hastaken on … that, ultimately, will determinethe exact form of capital regulation. Our analysis leads us to conclude thatcaution is …
Persistent link: https://www.econbiz.de/10005861545
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A comment on monetary policy and rational asset price bubbles
Allen, Franklin; Barlevy, Gadi; Gale, Douglas - 2023
Galí (2014) showed that a monetary policy rule that raises interest rates in response to bubbles can paradoxically lead to larger bubbles. This comment shows that a central bank that wants to dampen bubbles can always do so by raising interest rates aggressively enough. This result is different...
Persistent link: https://www.econbiz.de/10014480521
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Corruption and the shadow economy: An empirical analysis
Dreher, Axel; Schneider, Friedrich G. - 2006
This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption and shadow economy are substitutes in high income countries while they are complements in low income countries. The hypotheses are tested for a crosssection of 120 countries and a...
Persistent link: https://www.econbiz.de/10010294540