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The paper considers a model in which limited liability causes an asset substitution problem for banks. The problem can at times become so severe that the current regulatory framework – based on a combination of effectively full deposit insurance, minimum capital requirements and prudential...
Persistent link: https://www.econbiz.de/10005423682
States, with a relatively less developed venture capital industry, were in using government equity schemes based on market … to analyse whether the region was able to utilise the past lessons from government equity schemes in countries with a … more developed venture capital industry. Similarly to the equity programs applied in the West, the government venture …
Persistent link: https://www.econbiz.de/10011444408
A double nature characterizes the behavior of the government in the venture capital market: a fear of systemic risk and … government has considerably modernized its involvement as an investor in the venture capital market, better adapting its tools to …. This is followed by the description of the changing regulatory role of the government after the crisis, focusing on new …
Persistent link: https://www.econbiz.de/10010494547
wishing to invest in the CEE region are concerned by the increasing north-south divergence. In Hungary substantial government …
Persistent link: https://www.econbiz.de/10010494587
the role of the government as a venture capital investor. Compared to the direct involvement of governments in investments … investors in government schemes could serve as a guarantee to select commercially viable projects without any political pressure … participate in government programs. The main conclusion of the paper is that only those governmentfunded venture capital funds …
Persistent link: https://www.econbiz.de/10010494604
States, with a relatively less developed venture capital industry, were in using government equity schemes based on market … to analyse whether the region was able to utilise the past lessons from government equity schemes in countries with a … more developed venture capital industry. Similarly to the equity programs applied in the West, the government venture …
Persistent link: https://www.econbiz.de/10011304023
States, with a relatively less developed venture capital industry, were in using government equity schemes based on market … to analyse whether the region was able to utilise the past lessons from government equity schemes in countries with a … more developed venture capital industry. Similarly to the equity programs applied in the West, the government venture …
Persistent link: https://www.econbiz.de/10011304595