This paper discusses the role that macroeconomic uncertainty plays in banks� decisions on the optimal asset allocation. Using a portfolio model recently proposed in the literature, the paper aims at disentangling how Italian banks choose between loans and risk-free assets when uncertainty...

Die Vielfalt von möglichen wirtschaftlichen Konsequenzen von Banksolvenzproblemen trägt auch dazu bei, dass wissenschaftliche Fragen über die Eigenkapitalregulierung im Bankensektor schon seit einigen Jahren ziemlich intensiv diskutiert werden. Die Effekte von Eigenkapitalregulierung können...

As countries of the world used large amounts of public funds to manage the 2008 financial crisis, public debt has risen to a critical level in many of them. Due to the drop in real economy, several countries faced unemployment and economic fallback that are still unresolved to this day. After...

The objective of this study is to empirically examine the status and sustainability ofAustralia, Hong Kong, Japan and Singapore as financial centers in theAsia-Pacific region. The sample period under investigation is from 1977 to 2002. This paper attempts to provide empirical evidence on...

The objective of this study is to empirically examine the status and sustainability ofAustralia, Hong Kong, Japan and Singapore as financial centers in theAsia-Pacific region. The sample period under investigation is from 1977 to 2002. This paper attempts to provide empirical evidence on...