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A Critical Comment on the Planned Deposit InsuranceReform in Belarus
Minuk, Olga; Rossaro, Fabiana; Walther, Ursula - Universität <Bayreuth> / Lehrstuhl für … - 2006
inconsistent regulation and a difficultbusiness environment characterise the overall situation of the Belarusian banking sector …. Inorder to improve the capability of the banking system to attract private savings a reform of thedeposit insurance system is …
Persistent link: https://www.econbiz.de/10005858572
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Bank Insolvencies, RegulatoryForbearance and Ambiguity
Vinogradov, Dmitri V. - Alfred-Weber-Institut für Sozial- und … - 2006
Banking regulators often practice forbearance and ambiguity in insolvency resolutions. The paperexamines the effects of …
Persistent link: https://www.econbiz.de/10005868460
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On the Coexistence of Banks and Markets
Gersbach, Hans; Uhlig, Harald - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2006
We examine the coexistence of banks and financial markets, studyinga credit market where the qualities of investment projects are notobservable and the investment decisions of entrepreneurs are not contractible...
Persistent link: https://www.econbiz.de/10005854968
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The Impact of Solvency II on Insurance Market Competition - An Economic Assessment
Schuckmann, Stefan - Institut für Versicherungswirtschaft <Sankt Gallen> - 2007
, we elaborate the economic foundations of insurancemarket regulation. Based on three sources of market failure, we derive …, the economic justification for insurance market regulation needs to be evaluated in detail. …
Persistent link: https://www.econbiz.de/10005861472
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Towards a Regulatory Agenda for Banking in Europe
Benink, Harald A.; Schmidt, Reinhard H. - 2000
working in the field of banking and financial regulation might be in a position to make a contribution to the improvement of …Although the world of banking and finance is becoming more integrated every day, in most aspects the world of financial … regulation continues to be narrowly defined by national boundaries. The main players here are still national governments and …
Persistent link: https://www.econbiz.de/10005840292
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Credit Portfolio Modelling, Marginal Risk Contributions, and Granularity Adjustment
Rau-Bredow, Hans - 2002
This paper first provides a simple but very general framework for credit portfolio modellingwhich is based on the distinction between systematic and unsystematic risk. Unsystematicor borrower-specific risk vanishes through diversification in a very large, infinitelyfine-grained portfolio. The...
Persistent link: https://www.econbiz.de/10005843044
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Default recovery rates in credit risk modeling : A review of the literature and empirical evidence
Altman, Edward; Resti, Andrea; Sironi, Andrea - 2003
Evidence from many countries in recent years suggests that collateral values and recovery rates on corporate defaults can be volatile and, moreover, that they tend to go down just when the number of defaults goes up in economic downturns.(...)
Persistent link: https://www.econbiz.de/10005846813
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The link between default and recovery rates: Theory, empirical evidence and implications
Altman, Edward I.; Brady, Brooks; Resti, Andrea; … - 2003
This paper analyzes the association between aggregate default and recovery rates on credit assets, and seeks to empirically explain this critical relationship. We examine recovery rates on corporate bond defaults, over the period 1982-2002.(...)
Persistent link: https://www.econbiz.de/10005846818
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The link between default and recovery rates: Implications for credit risk models and procyclicality
Altman, Edward I.; Brady, Brooks; Resti, Andrea; … - 2002
This paper analyzes the impact of various assumptions about the association between aggregate default probabilities and the loss given default on bank loans and corporate bonds, and seeks to empirically explain this critical relationship.(...)
Persistent link: https://www.econbiz.de/10005846825
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Fussing and Fuming over Fannie and Freddie: How Much Smoke, How Much Fire?
Frame, W. Scott; White, Lawrence J. - 2004
The roles of Fannie Mae and Freddie Mac have become increasingly controversial in the modern world of residential mortgage finance. We describe the special features of these two companies and their roles in the mortgage markets. We then discuss the controversies that surround them and offer...
Persistent link: https://www.econbiz.de/10005846884