Showing 1 - 10 of 22
Persistent link: https://www.econbiz.de/10011398136
Persistent link: https://www.econbiz.de/10011740761
We study risk sharing games with quantile-based risk measures and heterogeneous beliefs, motivated by the use of internal models in finance and insurance. Explicit forms of Pareto-optimal allocations and competitive equilibria are obtained by solving various optimization problems. For Expected...
Persistent link: https://www.econbiz.de/10011875652
Persistent link: https://www.econbiz.de/10010389593
This paper examines how governance and risk management affect risk-taking in banks. It distinguishes between good risks, which are risks that have an ex ante private reward for the bank on a stand-alone basis, and bad risks, which do not have such a reward. A well-governed bank takes the amount...
Persistent link: https://www.econbiz.de/10011955539
Persistent link: https://www.econbiz.de/10001907027
Persistent link: https://www.econbiz.de/10009501695
Persistent link: https://www.econbiz.de/10009669603
This paper examines how governance and risk management affect risk-taking in banks. It distinguishes between good risks, which are risks that have an ex ante private reward for the bank on a stand-alone basis, and bad risks, which do not have such a reward. A well-governed bank takes the amount...
Persistent link: https://www.econbiz.de/10010411444
Persistent link: https://www.econbiz.de/10010370911