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Esquemas de incentivos y carteras de inversión innovadoras

Loyola, Gino; Portilla, Yolanda - In: Estudios de economía 37 (2010) 1, pp. 43-66

This article characterizes the properties of the compensation scheme of delegated portfolio management that would lead to the selection of high risk-high return portfolios. In particular, it provides conditions under which a non-monotone payment structure emerges as an optimal contract, which...

Persistent link: https://www.econbiz.de/10009959108

What determined banks specie reserve : new evidences from Illinois free banks

Samad, Abdus - In: Journal of applied finance & banking 3 (2013) 2, pp. 139-152

This paper empirically examines the historical allegation of fraudulent behavior of bank management by scrutinizing the … balance sheet of individual bank and finds none of the Illinois free banks was without specie reserve. Applying econometric … respectively. Other liabilities like banks equity capital and notes of other banks insignificant. -- free banks ; bank …

Persistent link: https://www.econbiz.de/10010148067

Cost of deposit insurance under capital forbearance : Basel I vs. II

Lee, Shih-cheng - In: Journal of applied finance & banking 3 (2013) 2, pp. 39-48

The study derives the closed-form solution of the valuation of deposit insurance under forbearance for banks whose capital requirements are either solely based on the 1988 Basel Accord (BA) approach or the VaR-based approach. The study also demonstrates that the deposit insurance liability under...

Persistent link: https://www.econbiz.de/10010148074

Comparative study on performance of Islamic banks and conventional banks in GCC region

Siraj, K. K.; Pillai, P. Sudarsanan - In: Journal of applied finance & banking 2 (2012) 3, pp. 123-161

Islamic banking is considered as alternative to conventional banking. It focuses on profit/loss and risk sharing, than interest based deposit/lending followed in conventional banking. Conventional Banking cherishes a long history while Islamic banking gained importance in last few decades. The...

Persistent link: https://www.econbiz.de/10010009129

Financial inclusion and financial sector stability with reference to Kenya : a review of literature

Aduda, Josiah; Kalunda, Elizabeth - In: Journal of applied finance & banking 2 (2012) 6, pp. 95-120

Financial inclusion is a prerequisite to economic development. This has been echoed by international as well as national bodies. Studies have shown that financial exclusion has its roots in social exclusion. This indicates the depth and importance of financial inclusion in creating inclusive...

Persistent link: https://www.econbiz.de/10010118421

Illiquid financial products and distribution policies : new insights

Polato, Maurizio; Floreani, Josanco - In: Journal of applied finance & banking 1 (2011) 2, pp. 155-172

Both changing investors’ behaviour and contingent events, such as financial crisis, stimulated a debate around the distribution of financial products for which an active market doesn't exist. Investing in illiquid financial instruments requires a certain degree of financial education in order...

Persistent link: https://www.econbiz.de/10010009072