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Der Aktienrückkauf und dieBankenkrise von 1931
Terberger, Eva; Wettberg, Stefanie C. - Alfred-Weber-Institut für Sozial- und … - 2005
Im Zuge der Analyse jüngerer Finanzkrisen wird auch den Krisen der Vergangenheitvermehrte Aufmerksamkeit zuteil, so auch der deutschen Bankenkrise von 1931. EinPhänomen, das dabei bisher wenig Beachtung fand, ist der massive Rückkauf eigenerAktien, der im Vorfeld der Krise insbesondere auch...
Persistent link: https://www.econbiz.de/10005868468
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The Influence of Information Costs on the Integration of Financial Markets : Northern Europe, 1350-1560
Volckart, Oliver - Sonderforschungsbereich Ökonomisches Risiko <Berlin>
In this paper, the influence of information costs on the integration of Northern European financial markets between ca. 1350 and 1560 is explored. The approach is based on splitting information costs into their constitutive components and on measuring one of these, i.e. the costs of transmitting...
Persistent link: https://www.econbiz.de/10005854705
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The economics of lending with joint liability: theory and practice
Ghatak, Maitreesh; Guinnane, Timothy - University <Chicago, Ill.> / Department of Economics; … - 1999
Institutions that rely on joint liability to facilitate lending to the poor have a long historyand are now a common … feature of many developing countries. Economists have proposedseveral theories of joint-liability lending that stress various … aspects of its informational andenforcement advantages over other forms of lending. This paper analyzes how joint …
Persistent link: https://www.econbiz.de/10008911480
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Group lending, local information and peer selection
Ghatak, Maitreesh - University <Chicago, Ill.> / Department of Economics - 1999
This paper analyzes how group lending programs use joint liability to utilize localinformation that borrowers have …
Persistent link: https://www.econbiz.de/10008911481
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Einfache ökonometrische Verfahren für dieKreditrisikomessung: Verweildauermodelle
Kaiser, Ulrich; Szczesny, Andrea - 2000
This paper discusses duration models for the quantification of credit risk. Econometric techniques to quantify the … duration of a credit in a “non-default” state are analyzed and applied to a data set obtained from credit files taken from six …
Persistent link: https://www.econbiz.de/10005840289
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Towards a Regulatory Agenda for Banking in Europe
Benink, Harald A.; Schmidt, Reinhard H. - 2000
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 governmental agencies. And until recently, they...
Persistent link: https://www.econbiz.de/10005840292
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Executives´ Compensation of European Banks - Disclosure, Sensitivity and their Impact on Bank Performance
Burghof, Hans-Peter; Hofmann, Christian - 2000
The focus of the paper is on the remuneration of executives of large European banks. We describe the pay-for-performance sensitivity of the compensation and its disclosure as two dimensions of the board remuneration systems in the European countries.
Persistent link: https://www.econbiz.de/10005840310
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Vergleichende Analyse alternativer Kreditrisikomodelle
Wahrenburg, Mark M; Niethen, Susanne - 2000
In den letzten Jahren wurden verschiedene Modelle entwickelt, um das Ausfallrisiko von Banken unter Berücksichtigung von Portfolioeffekten zu quantifizieren. Bisher hat sich kein Ansatz als allgemein akzeptierter Standard durchsetzen können. Da die Modelle grundlegende konzeptionelle...
Persistent link: https://www.econbiz.de/10005840344
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Banken, bankeigene Kapitalanlagegesellschaftenund Aktienemissionen
Baums, Theodor; Theissen, Erik - 1999
Es gibt Überlegungen, Kreditinstituten den Besitz der Anteilsmehrheit an Kapitalanlagegesellschaften(KAGs) zu untersagen. Dahinter steht die Vorstellung, daß solche Beteiligungen Gestaltungsspielräumeeröffnen, die mißbräuchlich genutzt werden. Die Neuemission von Aktienist einer der...
Persistent link: https://www.econbiz.de/10005840366
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Financial Development, Economic Growth and Corporate Governance
Winkler, Adalbert - 1998
During the last years the relationship between financial development and economic growth has received widespread attention in the literature on growth and development. This paper summarises in its first part the results of this research, stressing the growth-enhancing effects of an increased...
Persistent link: https://www.econbiz.de/10005840401