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DIE INTERNATIONALE FINANZKRISE:URSACHEN, TREIBER, VERÄNDERUNGSBEDARF UNDREFORMANSÄTZE
Rudolph, Bernd - Universität <München> / Fakultät für Betriebswirtschaft - 2009
Der vorliegende Beitrag beschäftigt sich mit der Aufarbeitung der Hintergründe der Subprime-Krisesowie der nachfolgenden internationalen Banken- und Finanzkrisen. Auf dieser Basis werden Vorschlägediskutiert, wie die erkannten Schwachstellen im Finanzsystem repariert bzw. behoben...
Persistent link: https://www.econbiz.de/10009418807
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Complementarity and Financial Systems - A Theoretical Approach
Hackethal, Andreas R.; Tyrell, Marcel - Universität <Frankfurt, Main> / Fachbereich … - 1998
bank to restructure the borrower's firm in the case of distress, thepossibility to appropriate private benefits from …
Persistent link: https://www.econbiz.de/10005840402
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Does Poor Legal Enforcement Make Households Credit-Constrained?
Fabbri, Daniela; Padula, Mario - 2003
This paper analyzes the relation between the quality of the legal enforcement of loan contracts and the allocation of credit to households, both theoretically and empirically.
Persistent link: https://www.econbiz.de/10005843479
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The Determinants of Takeovers: Recent Evidence from U.S. Thrifts
Cebenoyan, Fatma; Cebenoyan, A. Sinan; Cooperman, … - 2002
This paper is the first to examine the determinants of acquisitions for the U.S. thrift industry during a period of market liberalization and widespread takeover activity, 1994 to 2000.(...)
Persistent link: https://www.econbiz.de/10005846646
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The Effect of Capital and Risk Transfer Instruments in Financial Groups
Gatzert, Nadine; Schmeiser, Hato - Institut für Versicherungswirtschaft <Sankt Gallen> - 2008
The aim of this paper is to examine the impact of capital and risk transfer instruments on diversification and …, which is the reduction in shareholder value due to group diversification effects. It is quantified using option …-pricing theory; the diversification benefit on the solvency capital is calculated based on the tail value at risk approach …
Persistent link: https://www.econbiz.de/10005861407
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Regulatory capital for marketand credit risk interaction:is current regulation always conservative?
Breuer, Thomas; Jandačka, Martin; Rheinberger, Klaus; … - Deutsche Bundesbank <Frankfurt, Main> / … - 2008
In the work of the Basel Committee there has been a tradition ofdistinguishing market from credit risk and to treat both categories independentlyin the calculation of risk capital. In practice positionsin a portfolio depend simultaneously on both market and credit riskfactors. In this case, an...
Persistent link: https://www.econbiz.de/10005866203
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Finance and Efficiency: Do Bank Branching Regulations Matter?
Acharya, Viral V.; Imbs, Jean; Sturgess, Jason - Institut für Schweizerisches Bankwesen <Zürich> - 2007
ratios- following intra- and (particularly) interstate liberalization of bank branching restrictions. This effect arises … that financial development has important consequences for efficiency and specialization (or diversification) of investments …
Persistent link: https://www.econbiz.de/10005858336
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Interaction of market and credit risk:an analysis of inter-risk correlationand risk aggregation
Böcker, Klaus; Hillebrand, Martin - Deutsche Bundesbank <Frankfurt, Main> / … - 2008
In this paper we investigate the interaction between a credit portfolio and another risktype, which can be thought of as market risk. Combining Merton-like factor models forcredit risk with linear factor models for market risk, we analytically calculate their interriskcorrelation and show how...
Persistent link: https://www.econbiz.de/10005866354
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Slovenian Banking SectorExperiencing the Implementationof Capital Requirements Directive
Jagric, Vita; Jagric, Timotej - Univerza <Maribor>; Fachhochschule des BFI Wien - 2008
Like all the member states of the European Union, Slovenia was also obligated to implement EUDirectives 2006/48/EC and 2006/49/EC into national banking legislative. Basel II rules were implementedinto Slovenian legislative in December 2006 and have been valid from 1st of January 2007. Before...
Persistent link: https://www.econbiz.de/10005867371
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“Ownership Concentration, ‘Private Benefits of Control’and Debt Financing
Filatotchev, Igor; Mickiewicz, Tomasz - Centre for the Study of Economic and Social Change in … - 2001
Building on the ‘law and economics’ literature, this paper analyses corporategovernance implications of debt financing in an environment where a dominant owner isable to extract ex ante ‘private benefits of control’. Ownership concentration may result inlower efficiency, measured as a...
Persistent link: https://www.econbiz.de/10005868255