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Remarks at the New Jersey Bankers Association Economic Forum, Iselin, New Jersey.
Persistent link: https://www.econbiz.de/10010724975
The paper provides an overview of several selected topics dealing with application of agency theory to the credit … respect to their performance in the situation characterized by risk aversion. Adverse selection in credit markets and its … decisions. Alternative assumptions about informational asymmetries in credit markets are presented as well. For all these topics …
Persistent link: https://www.econbiz.de/10005036306
implications of the credit boom-and-bust hypothesis, supplemented with asymmetric information, are consistent with the onset and …
Persistent link: https://www.econbiz.de/10005030042
This paper presents key findings of Norway’s Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Banking Supervision, Insurance Regulation, and Payment Systems. Norway’s financial system appears sound and well managed. Short-term...
Persistent link: https://www.econbiz.de/10005590982
Persistent link: https://www.econbiz.de/10005776199
This paper presents a market-based framework for pricing Fund liquidity assistance that accounts for the credit risk …
Persistent link: https://www.econbiz.de/10005599666
. The tendency to underprice systemic liquidity risk and currency-induced credit risk creates vulnerabilities that need …, but few have addressed those arising from currency-induced credit risks. …
Persistent link: https://www.econbiz.de/10005605319
implications of the credit boom-and-bust hypothesis, supplemented with asymmetric information, are consistent with the onset and …
Persistent link: https://www.econbiz.de/10005795894
liberalization, by equalizing access to credit, reduces the variation in expected marginal returns. They test this prediction using a …
Persistent link: https://www.econbiz.de/10005825813
This paper investigates if there are circumstances where time-varying tax rates could improve welfare and whether such policy can effectively be implemented in practice. While, in principle, variable taxes could improve welfare in some cases, the paper highlights the very particular...
Persistent link: https://www.econbiz.de/10005825866