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submitted its report in 2013 and four of its members recorded dissenting notes. This paper examines the changes in regulation in …
Persistent link: https://www.econbiz.de/10011483647
The Indian debt overhang issue is one of the major reasons that fresh investments are currently not being made in the scale required to promote higher growth and boost employment. Among banks the public sector banks (PSBs) are burdened with the bulk of net non-performing loans (NNPAs). These...
Persistent link: https://www.econbiz.de/10011638458
2007, and especially in the euro area after 2010. That crisis triggered major changes to European financial regulation and …
Persistent link: https://www.econbiz.de/10011613840
Credit risk models used in quantitative risk management treat credit risk analysis conceptually like a single person … decision problem. From this perspective an exogenous source of risk drives the fundamental parameters of credit risk … risk that can be viewed as an extension of the capital asset pricing model. They analyze equilibrium prices of securities …
Persistent link: https://www.econbiz.de/10009385153
are likely in the near future. -- banks ; comparative political economy ; financial regulation ; microprudential policy …
Persistent link: https://www.econbiz.de/10008907719
We test under what circumstances boards discipline managers and whether such interventions improve performance. We exploit exogenous variation due to the staggered adoption of corporate governance laws in formerly Communist countries coupled with detailed ‘hard’ information about the...
Persistent link: https://www.econbiz.de/10008702077
This paper investigates a model of strategic interactions in financial networks, where the decision by one agent on whether or not to default impacts the incentives of other agents to escape default. Agents' payoffs are determined by the clearing mechanism introduced in the seminal contribution...
Persistent link: https://www.econbiz.de/10011812108
Persistent link: https://www.econbiz.de/10003840125
Exploiting the Japanese banking crisis as a laboratory, we provide firm-level evidence on the real effects of bank … investors have similar effects. Moreover, bank mergers engineered to enhance bank stability appear to hurt the borrowers of the …
Persistent link: https://www.econbiz.de/10008824507