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An Empirical Study of Optimal Bank Corrective Action for Indonesia Employing the Dynamic Contingent Claims Model
Hall, Maximilian J. B.; Mustika, Ganjar - In: Review of Pacific Basin Financial Markets and Policies … 08 (2005) 03, pp. 339-376
closure rules for each bank, levy "fair" deposit insurance premiums, estimate optimal subsidies (for different deposit …
Persistent link: https://www.econbiz.de/10005080738
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Systemic Liquidity Crisis with Dynamic Haircuts
Sever, Can - Volkswirtschaftliche Fakultät, … - 2014
In this paper, using network tools, I analyse systemic impacts of liquidity shocks in interbank market in case of endogenous haircuts. Gai, Haldane and Kapadia (2011) introduce a benchmark for liquidity crisis following haircut shocks, and Gorton and Metrick (2010) reveal the evidence from...
Persistent link: https://www.econbiz.de/10011111629
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Lowering the Cost of Bank Recapitalization
Coates, IV, John C. - 2015
, rather than private investment, and on bank holding companies, rather than banks. We describe three alternative or … complementary approaches designed to lower the cost of bank recapitalizations by drawing in funds from the private sector and … also propose two legal changes that would assist bank recapitalization: (1) the Fed should further modestly relax its rules …
Persistent link: https://www.econbiz.de/10012749879
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Issues in Private-Sector Finance in Israel
Hemmings, Philip - Economics Department, Organisation de Coopération et … - 2011
The 2008-09 global financial crisis did not result in the failure of any major financial institution in Israel, but it did reveal vulnerabilities in the non-banking sector . particularly in the corporate-bond market. Conservative regulation of the banking sector helped this segment avoid a...
Persistent link: https://www.econbiz.de/10009386332
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How Often Do 'Conflicts of Interests' in the Investment Banking Industry Arise During Hostile Takeovers?
Calomiris, Charles W. - 2011
investment bank would be of interest to a competitor or potential acquirer, then that firm may obtain assurances or a written … agreement about disclosure from the investment bank to ensure the confidentiality of the information. Similarly, if a bank … that it is appropriate to restrict access to that information within the investment bank by constructing a Chinese wall …
Persistent link: https://www.econbiz.de/10012714861
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The Benefits of a Financial Transactions Tax
Baker, Dean - Center for Economic and Policy Research (CEPR) - 2008
The recent economic turmoil has generated renewed interest in a financial transactions tax (FTT). While such a tax will be vigorously opposed by the financial industry, it offers a very attractive mechanism for raising revenue that is arguably efficiency-enhancing. Calculations based on 2000...
Persistent link: https://www.econbiz.de/10005048514
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The Financial Lobby and Impact of Other Stakeholders in the EU: A good model for emancipation of the financial system in Kosovo
govori, fadil - Volkswirtschaftliche Fakultät, … - 2012
Lobbying is a phenomenon which is already present in all political systems and it is not surprising if you consider the issue of lobbying within the formal structures of governance of financial markets and financial industry in the EU and Kosovo. However, the complex and inscrutable...
Persistent link: https://www.econbiz.de/10011113468
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John Freeman's Working Paper Responding to the Advisory Fee Analysis in AEI Working Paper #127, June 2006, 'Competition and Shareholder Fees in the Mutual Fund Industry : Evidence...
Freeman, John P. - 2007
Professors John C. Coates, IV, and R. Glenn Hubbard have prepared a study entitled, Competition and Shareholder Fees in the Mutual Fund Industry: Evidence and Implications for Policy. I will refer to it henceforth as quot;Coates-Hubbard.quot; The working paper was published in June of 2006 under...
Persistent link: https://www.econbiz.de/10012730139
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Discounted Private Placements in New Zealand: Exploitation or Fair Compensation?
Anderson, Hamish D. - In: Review of Pacific Basin Financial Markets and Policies … 09 (2006) 04, pp. 533-548
Market commentators have suggested that New Zealand's lax private placement and disclosure regulation allows private placement purchasers to immediately sell discounted shares without disclosing these transactions to the market. However, New Zealand firms with the deepest discounts tend to have...
Persistent link: https://www.econbiz.de/10004977582
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Supply uncertainty of the bond investor base and the leverage of the firm
Massa, Massimo; Yasuda, Ayako; Zhang, Lei - In: Journal of Financial Economics 110 (2013) 1, pp. 185-214
We examine the effect of the bond capital supply uncertainty of institutional investors (e.g., mutual bond funds and insurance companies) on the leverage of the firm using a novel data set. Our main finding is that the supply uncertainty of the firm's bond investor base — measured as (i) the...
Persistent link: https://www.econbiz.de/10011039228