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Die Bedeutung regionaler Produkte bei der touristischen Entwicklung am Beispiel von Lesbos (Griechenland)
Klein, Anna; Rein, Hartmut - In: Zeitschrift für Tourismuswissenschaft 6 (2014) 1, pp. 107-112
touristischen Entwicklung auf Lesbos (Griechenland), insbesondere unter den Gesichtspunkten der Strategien zur Regionalisierung der … Lesvos (Greece). It is focusing on the strategies for regionalization of food: labeling of regional products and creating of …
Persistent link: https://www.econbiz.de/10014624360
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Securitization and Italian banks’ risk during the crisis
Battaglia, Francesca; Mazzuca, Maria - In: The Journal of Risk Finance 15 (2014) 4, pp. 458-478
to the Italian bank risk profile, both in terms of credit and liquidity risks. Design/methodology/approach – To test our … research hypotheses, we adopt ordered probit models, in which we regress the changes in credit risk and liquidity on a set of …’s liquidity position, our results show that securitization improves it both during the pre-crisis and the crisis years. Our …
Persistent link: https://www.econbiz.de/10014902011
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A Cross-country Study of Corporate Financial Structure and the Flexibility Issue / Eine Querschnittsanalyse der Finanzstruktur von Unternehmen und der Flexibilitätsaspekt
Rivaud-Danset, Dorothée - In: Jahrbücher für Nationalökonomie und Statistik 221 (2001) 5-6, pp. 689-709
improves with liquidity. For non-financial firms, sources of liquidity are twofold: internal, by keeping cash, and external … financial system differences by focusing on corporate liquidity.  …
Persistent link: https://www.econbiz.de/10014608861
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The Effect of Compensation System on the Dispute Resolution of Securities False Statement in China: A Law and Economics Analysis
Wang, Lin - In: Asian Journal of Law and Economics 9 (2018) 3
Abstract This article examines the effects of compensation system in the dispute resolution of securities false statement. Firstly, this paper develops an evolutionary game model to analyze the evolutionary stable strategy (ESS) of the dispute resolution. Then, we analyze the factor which...
Persistent link: https://www.econbiz.de/10014585201
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The Contribution of Large Banking Institutions to Systemic Risk: What Do We Know? A Literature Review
Moch, Nils - In: Review of Economics 69 (2018) 3, pp. 231-257
Abstract Against the background of the global financial crisis, we review recent literature on the debate about “too big to fail”. This is (still) one of the key issues in banking literature since it determines the conditions for adequate banking regulation, financial stability and economic...
Persistent link: https://www.econbiz.de/10014619364
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Central clearing of OTC derivatives: Bilateral vs multilateral netting
Cont, Rama; Kokholm, Thomas - In: Statistics & Risk Modeling 31 (2014) 1, pp. 3-22
Abstract We study the impact of central clearing of over-the-counter (OTC) transactions on counterparty exposures in a market with OTC transactions across several asset classes with heterogeneous characteristics. The impact of introducing a central counterparty (CCP) on expected interdealer...
Persistent link: https://www.econbiz.de/10014621220
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Optimal control of interbank contagion under complete information
Minca, Andreea; Sulem, Agnès - In: Statistics & Risk Modeling 31 (2014) 1, pp. 23-48
institutions are prone to insolvency risk channeled through the network of interbank debt and to funding liquidity risk. The …
Persistent link: https://www.econbiz.de/10014621224
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Spatial risk measures and their local specification: The locally law-invariant case
Föllmer, Hans - In: Statistics & Risk Modeling 31 (2014) 1, pp. 79-101
Abstract We consider convex risk measures in a spatial setting, where the outcome of a financial position depends on the states at different nodes of a network. In analogy to the theory of Gibbs measures in Statistical Mechanics, we discuss the local specification of a global risk measure...
Persistent link: https://www.econbiz.de/10014621225
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How to measure interconnectedness between banks, insurers and financial conglomerates
Hauton, Gaël; Héam, Jean-Cyprien - In: Statistics & Risk Modeling 33 (2016) 3-4, pp. 95-116
Abstract Financial institutions’ interconnectedness is a key component of systemic risk. However there is still no consensus on its measurement. Using a unique database of network of exposures of French financial institutions, we compare three strategies to measure interconnectedness:...
Persistent link: https://www.econbiz.de/10014621232
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Leveraging the network: A stress-test framework based on DebtRank
Battiston, Stefano; Caldarelli, Guido; D’Errico, Marco; … - In: Statistics & Risk Modeling 33 (2016) 3-4, pp. 117-138
Abstract We develop a novel stress-test framework to monitor systemic risk in financial systems. The modular structure of the framework allows to accommodate for a variety of shock scenarios, methods to estimate interbank exposures and mechanisms of distress propagation. The main features are as...
Persistent link: https://www.econbiz.de/10014621237