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Is Leverage Effective in Increasing Performance Under Managerial Moral Hazard?

Calcagno, R. - Tilburg University, Center for Economic Research - 2000

We consider a model in which the principal-agent relation between inside shareholders and the management affects the … firm value.We study the effect of financing the project with risky debt in changing the incentive for a risk …

Persistent link: https://www.econbiz.de/10011091167

Contingent Capital; Economic Rationale and Design Features

Pazarbasioglu, Ceyla; Zhou, Jian-Ping; Leslé, Vanessa Le; … - International Monetary Fund (IMF) - 2011

The causes of the global financial crisis were multi-faceted but revealed still unresolved weaknesses in national and international financial oversight and resolution frameworks. In particular, many governments in the crisis-hit countries had to provide unprecedented levels of support to contain...

Persistent link: https://www.econbiz.de/10011245888

Financial Fair Play in European Club Football What is it all about?

Franck, Egon - Institut für Betriebswirtschaftslehre, … - 2014

The new UEFA Club Licensing and Financial Fair Play Regulations have encountered stiff criticism. The concerns are that the new regulations may harm football in three different ways: By forgoing the potential benefits from substantial injections of external money into payrolls, by restricting...

Persistent link: https://www.econbiz.de/10010856829

Financial Fair Play in European Club Football: What Is It All About?

Franck, Egon - In: International Journal of Sport Finance 9 (2014) 3, pp. 193-217

Persistent link: https://www.econbiz.de/10010861700

THE ETHICS IN THE BUSINESS OF ROMANIAN REAL ESTATE AGENTS

Gogoneata, Basarab - In: The AMFITEATRU ECONOMIC journal 10 (2008) 23, pp. 181-186

The paper presents an analysis of the main ethical aspects concerning the Romanian real estate intermediation sector. The analysis tries to evaluate the true utility of real estate agents’ services and to assess the potential negative effects of an unethical behavior for the clients. In...

Persistent link: https://www.econbiz.de/10011071639

THE ETHICS IN THE BUSINESS OF ROMANIAN REAL ESTATE AGENTS

Gogoneata, Basarab - In: The AMFITEATRU ECONOMIC journal 10 (2008) 23, pp. 180-186

Persistent link: https://www.econbiz.de/10005151187

Banking and Trading

Boot, Arnoud W.A.; Ratnovski, Lev - International Monetary Fund (IMF) - 2012

-term oriented, with high implicit capital, and low risk (thanks to the law of large numbers). Trading is transactions …-based: scalable, shortterm, capital constrained, and with the ability to generate risk from concentrated positions. When a bank …-ante. And a bank may use trading for risk-shifting. Financial development augments the scalability of trading, which initially …

Persistent link: https://www.econbiz.de/10011142044

Making Banks Safer; Can Volcker and Vickers Do it?

Chow, Julian T. S.; Surti, Jay - International Monetary Fund (IMF) - 2011

United Kingdom - are more promising while still entailing significant implementation challenges. A risk factor common to all … of the financial system. Since this could lead to accumulation of systemic risk if left unchecked, it appears unlikely …

Persistent link: https://www.econbiz.de/10009369435

The Design and Implementation of Deposit Insurance Systems

Hoelscher, David S.; Taylor, Michael; Klueh, Ulrich H. - International Monetary Fund (IMF) - 2006

This paper describes recently established deposit insurance systems, identifying emerging trends. In line with previous IMF work on the subject, it argues against the development of "best practices" applicable to all systems. Rather, it stresses the importance of incorporating each...

Persistent link: https://www.econbiz.de/10005590854

Capital Flows and Economic Fluctuations; The Role of Commercials Banks in Transmitting Shocks

Zhou, Yong Sarah - International Monetary Fund (IMF) - 2008

This paper uses a general equilibrium model to examine the central role played by commercial banks in intermediating and amplifying the capital flow shocks to the local economy in the 1997 Asia financial crisis. It finds that a sudden stop of capital inflows affects the equilibrium credit supply...

Persistent link: https://www.econbiz.de/10005768845