We consider two alternative models of work organisation: One deals with those organisational systems which rely on the commitments of its members for realizing set productivity targets. The other is a strategic model which considers the role of its members' strategies as a defining input towards...

This paper presents a formal analysis of the effects of asset backed securisation on the capital composition of banking institutions. A model of a banking firm is presented that highlights the interrelationship between deposit insurance, capital requirements and securitisation.

This paper examines the likely impact of Capital Adequacy Directive (CAD) on European Securities markets, focusing in particular on the competitive consequences for institutions engaged in the trading of equity securities.