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The Determinants of Success in the New Financial Services Environment: Now That Firms Can Do Everything, What Should They Do and Why Should Regulators Care?
Santomero, Anthony M.; Eckles, David L. - Wharton School <Philadelphia, Pa.>; Financial … - 2000
[...]The final force of change is the continual evolution of thedelivery channels through which financial services are offered.This has occurred in many ways and in several stages. First, theuse of postal services substituted for physical market presence;this was followed by increased use of...
Persistent link: https://www.econbiz.de/10005869902
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Corporate Financial Constraints, Bank Governance,and Financial System Stability
Behr, Patrick; Norden, Lars; Noth, Felix - Lehrstuhl für Internationales Bank- und Finanzwesen … - 2010
Financial constraints are frictions that prevent firms from funding all desired investments, which might affect firm value and aggregate economic activity. We investigate whether and how bank governance, especially private vs. non-private bank ownership, affects financial constraints of small...
Persistent link: https://www.econbiz.de/10009005132
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Monetary Policy Transmission to Residential Investment
MacCarthy, Jonathan; Peach, Richard W. - Federal Reserve Bank <New York, NY>
[...]In the first half of the paper, we review the significantchanges in the housing finance system over the past thirty yearsand discuss the implications of these changes for the cost andavailability of mortgage credit. In the second half, we present atwo-part econometric analysis of the...
Persistent link: https://www.econbiz.de/10005869381
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Geschichte des Leasing - Abriss einer beeindruckenden Geschichte
Marek, Michael - 2001
After a fundamental definition of the term leasing, the origination of the leasing business is described in this working paper. After its development in the first, second and third generation is commented. The woreking paper closes with an outlook onto thge future development of the leasing...
Persistent link: https://www.econbiz.de/10005842865
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Financing Patterns: Measurement Concepts and Empirical Results
Hackethal, Andreas; Schmidt, Reinhard H. - 2004
A widely recognized paper by Colin Mayer (1988) has led to a profound revision of academicthinking about financing … followed his lead found that internalfinancing is the dominant mode of financing in all countries, that financing patterns do … financing patternsand by demonstrating that the surprising empirical results found by studies that relied on netflows are due to …
Persistent link: https://www.econbiz.de/10005844569
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The Future of Banking in Europe
Schmidt, Reinhard H. - 2001
Der vorliegende Beitrag stellt einen Versuch dar, die Zukunft des Bankwesens in Europa unter der spezifischen Fragestellung zu analysieren, ob sich trotz der offensichtlichen und gravierenden Änderungen informations-technologischer, regulatorischer und politischer Art im Umfeld der Banken die...
Persistent link: https://www.econbiz.de/10005844567
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Wie global sind Japans Banken? - Die Veränderung institutioneller Bedingungen und ihre Auswirkungen auf die internationale Präsenz japanischer Kreditinstitute
Grote, Michael H.; Klagge, Britta - 2001
In den 1980er und den frühen 1990er Jahren waren japanische Banken die weltweit größten Finanzinstitute und galten als Inbegriff „globaler“ Banken. Der Crash der japanischenWertpapier- und Immobilienmärkte Anfang der 1990er Jahre und die nachfolgende Rezessionwaren Anlass zu tiefgreifenden...
Persistent link: https://www.econbiz.de/10005844568
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Equilibrium Lending Mechanism and AggregateActivity
Wang, Cheng; Zhou, Ruilin - Iowa State University of Science and Technology <Ames, … - 2004
What determines the firm's choice of its mechanism of investment financing? How is the choice of the firm's financing …
Persistent link: https://www.econbiz.de/10009360911
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Wirtschaftliche Entwicklung,Steuerwettbewerb und politics of scaleKonsequenzen für Staatsfinanzen und öffentlicheDienstleistungen
Jäger, Johannes; Tomassovits, Rainer - Fachhochschule des BFI Wien - 2004
Der Artikel behandelt den Zusammenhang zwischen politökonomischenEntwicklungen, Staatsfinanzen und öffentlichen Leistungen. In Bezug auf öffentlicheDienstleistungen werden insbesondere Veränderungen der lokalen governancediskutiert. Dabei wird der generelle Zusammenhang zwischen...
Persistent link: https://www.econbiz.de/10005867494
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ECONOMIC GROWTH WITH BUBBLES
Martin, Alberto; Ventura, Jaume - National Bureau of Economic Research <Cambridge, Mass.> - 2010
We develop a stylized model of economic growth with bubbles. In this model, financial frictions leadto equilibrium dispersion in the rates of return to investment. During bubbly episodes, unproductiveinvestors demand bubbles while productive investors supply them. Because of this, bubbly...
Persistent link: https://www.econbiz.de/10005870349