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The Asian financial crisis marked the beginning of worldwide efforts to improve the effectiveness of financial supervision. However, the crisis that started in 2007?08 was a crude awakening: several of these improvements seemed unable to avoid or mitigate the crisis. This paper brings the first...
Persistent link: https://www.econbiz.de/10009370541
This report presents the findings of a global survey on AI in Financial Services jointly conducted by the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School and the World Economic Forum in Q2-Q3 2019. Representing one of the largest global...
Persistent link: https://www.econbiz.de/10012842311
The digitalization of financial services opened a window for new players in the financial industry. These start-ups take on tasks and functions previously reserved for banks, such as lending, payments, or investment. In this article, we trace the transformation of the industry after...
Persistent link: https://www.econbiz.de/10012947875
We study the dependence between the downside risk of European banks and insurers. Since the downside risk of banks and insurers differs, an interesting question from a supervisory point of view is the risk reduction that derives from diversification within large banks and financial...
Persistent link: https://www.econbiz.de/10011346454
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
, cyclic, or stochastic equilibria. Four formalizations are considered: a dynamic version of Diamond-Dybvig banking …
Persistent link: https://www.econbiz.de/10012023696
, cyclic, or stochastic equilibria. Four formalizations are considered: a dynamic version of Diamond-Dybvig banking …
Persistent link: https://www.econbiz.de/10012018898
banking sector. Precisely, it is questioned whether currently employed systemic risk indicators are able to account for banks … indicators are indeed able to account for the German banking sector's heterogeneity, providing insight into different bank types … risk. Structural features of the German banking sector amplify the risk of individual institutions and thus their …
Persistent link: https://www.econbiz.de/10012117773