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We present a model for Financial fragility in which banks are risk-averse portfolio managers and there is uncertainty over risk management parameters. There is a danger of heightened risk aversion and projects in small economies are assumed to be riskier than those in large economies. In this...
Persistent link: https://www.econbiz.de/10010820278
La crise financière 2007-2008 a suscité une profusion de réactions et d'explications : on a évoqué le mimétisme des organismes, la cupidité de leurs dirigeants, la propension des traders à aimer le jeu. Elle est évidemment due à la conjonction de plusieurs facteurs. Nous mettons ici...
Persistent link: https://www.econbiz.de/10010820584
The paper suggests a nonlinear and multivariate time series model framework that enables the study of simultaneity in returns and in volatilities, as well as asymmetric effects arising from shocks and an outside stock exchange. Using daily data 2000-2006 for the Baltic state stock exchanges and...
Persistent link: https://www.econbiz.de/10005198022
) and merger data posted on the Federal Reserve Bank of Chicago web site. Among several results, more permissive interstate …
Persistent link: https://www.econbiz.de/10005417361
--for bank monitoring and information provision. Historical evidence provided by these banknote reporters suggests that reporters … and brokers efficiently priced bank default risks. Brokers typically downgraded the debt issues of a troubled banks two … years prior to its failure. In other cases, brokers often downgraded a bank's debt, forcing the bank to shape up and causing …
Persistent link: https://www.econbiz.de/10005466791
The Reserve Bank has conducted a survey on bank fees each year since 1997. The results of the most recent survey …
Persistent link: https://www.econbiz.de/10011129949
the bank before the crisis, providing a detailed firsthand account of the creation, marketing, selling, accounting, and … management of these financial instruments—and of how they ultimately created havoc inside and outside the bank. …
Persistent link: https://www.econbiz.de/10011093940
the bank before the crisis, providing a detailed firsthand account of the creation, marketing, selling, accounting, and … management of these financial instruments—and of how they ultimately created havoc inside and outside the bank. …
Persistent link: https://www.econbiz.de/10011115244
Purpose – The purpose of this paper is to review the development of the Capital Requirements Directive (CRD) and examine the manner in which this has been implemented for investment firms in Malta. The paper also assesses the challenges that small and medium-sized investment firms may face as...
Persistent link: https://www.econbiz.de/10010815044
Two alternatives research hypotheses concerning how small business lending affects bank profitability are tested. The … neutral or positive effects on bank profitability after taking into account bank risk. Using efficient frontier analyses that …
Persistent link: https://www.econbiz.de/10010765333