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Credit rating agencies occupies a major role in the global economy in the last two décades. Its appearence was mainly … to help investors in the Financial markets to take rational investment decisions by providing a rating that reflects The … crdit rating process in the Financial economy, the Monopoly of the three big rating agencies with more than 95% of market …
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causes for the recent financial crisis. In most cases inadequate ratings provided by the credit rating agencies and different … inadequate framework for financial regulation and supervision, and among other failures, even supported credit rating agencies to …
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We examine evidence for a systematic underperformance of Germany's state-owned banks in the current financial crisis and study if the bank losses can be traced to the quality of bank governance. For this purpose, we examine the biographical background of 593 supervisory board members in the 29...
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We develop a model of the joint capital structure decisions of banks and their borrowers. Strikingly high bank leverage emerges naturally from the interplay between two sets of forces. First, seniority and diversification reduce bank asset volatility by an order of magnitude relative to that of...
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The aim of the study is to estimate the level of competition and concentration in the Polish banking sector in 1997-2009 (prior the financial crisis and during the crisis). In this paper the Panzar and Rosse model (P-R) and the Lerner index (LI) have been used for the evaluation of competition....
Persistent link: https://www.econbiz.de/10013096327
The Cypriot banking system has suffered a severe blow last Friday night, after the results of the Eurogroup meeting were announced. Life in the banking system is different since Saturday morning: solutions that were feasible until last Friday (e.g. bank resolutions) might not be feasible this...
Persistent link: https://www.econbiz.de/10013084645