Showing 1 - 10 of 1,021
Persistent link: https://www.econbiz.de/10011546461
This paper reviews theoretical results on financial policy. We use basic accounting identities to illustrate relations between gross assets and liabilities, net debt positions and the appropriation of (primary) budget surplus funds. We then discuss Ramsey policies, answering the question how a...
Persistent link: https://www.econbiz.de/10011810605
Persistent link: https://www.econbiz.de/10014478627
We assess the influence of competition and capital regulation on the stability of the banking system. We particularly … requirements can lead to more entry into banking, essentially by reducing the competitive strength of lower quality banks. We also ….g. one country that opens up its banking system for competitors but not vice versa. …
Persistent link: https://www.econbiz.de/10011348715
Persistent link: https://www.econbiz.de/10010349115
-crisis period. Fourth, the net effect from the: pre-crisis period is lower on money supply and banking system efficiency; post …
Persistent link: https://www.econbiz.de/10011410623
Credit markets in many Eastern European countries are now dominated by foreign-owned banks. We analyze the development for foreign ownership and its impact on lending rate in ten Eastern European countries between 1995 and 2003. Currently, the majority of loans from foreign banks is granted by...
Persistent link: https://www.econbiz.de/10010343954
We propose a methodology for measuring the market-implied capital of banks by subtracting from the market value of equity (market capitalization) a credit-spread-based correction for the value of shareholders' default option. We show that without such a correction, the estimated impact of a...
Persistent link: https://www.econbiz.de/10013168743
statistically significant). Looking at financial instability, the paper finds that banking crises predict increases in state …-ownership but that there is no evidence that high state-ownership predicts banking crises. Focusing on bank performance, the paper …
Persistent link: https://www.econbiz.de/10012590347
Persistent link: https://www.econbiz.de/10012609456