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Liquidity and capital requirements and the probability of bank failure
König, Philipp Johann - 2010
Using the model of Rochet and Vives (2004), this note shows that a prudential regulator can in general not mitigate a bank’s failure risk solely by means of liquidity requirements. However, their effectiveness can be restored if, in addition, minimum capital requirements are met. This provides...
Persistent link: https://www.econbiz.de/10003973628
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Strategic complementarity, fragility, and regulation
Vives, Xavier - 2011 - Rev. May 2011
The paper analyzes a very stylized model of crises and demonstrates how the degree of strategic complementarity in the actions of investors is a critical determinant of fragility. It is shown how the balance sheet composition of a financial intermediary, parameters of the information structure...
Persistent link: https://www.econbiz.de/10009230899
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Debt and wage negotiations : a bankruptcy-based approach
Dalmazzo, Alberto - In: The Scandinavian journal of economics 98 (1996) 3, pp. 351-364
Persistent link: https://www.econbiz.de/10001206829
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The role of debt in wage negotiations : a strategic bargaining model with bankruptcy
Dalmazzo, Alberto - In: Technological and financial factors in models of wage …, (pp. 70-92). 1997
Persistent link: https://www.econbiz.de/10001489185
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A model of chapter 11 bankruptcy reorganization and contingent claims corporate bond pricing
Robinson, Susanne Walzer - 1994
Persistent link: https://www.econbiz.de/10000941661
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Financial markets, marketing, and information sharing : three essays in industrial organization
Wallace, Rodney B. - 2000
Persistent link: https://www.econbiz.de/10001667455
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Why tender offers should be financed with debt
Müller, Holger M. - 1998
Persistent link: https://www.econbiz.de/10013442899
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Game theory : parts I and II with 88 solved exercises : an open access textbook
Bonanno, Giacomo - 2015
This is a draft of the first half of an open access textbook on game theory. I hope to complete the entire book by the … end of 2015. After teaching game theory (at both the undergraduate and graduate level) at the University of California … theory and there is hardly any need for a new one. However, there are two distinguishing features of this textbook: (1) it is …
Persistent link: https://www.econbiz.de/10011429960
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Regulatory competition and multi-national banking
Dalen, Dag Morten; Olsen, Trond E. - 2003
This paper focuses on the consequences of cross-border banking and entry of multi-national banks (MNBs) for banking supervision and regulation. When a MNB expands internationally with subsidiaries, the MNB operates under the legislation of several countries - both the home country and the host...
Persistent link: https://www.econbiz.de/10011508005
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Capturing information contagion in a stress-testing framework
Anand, Kartik; Gauthier, Céline; Gai, Prasanna; … - 2016
We develop an operational model of information contagion and show how it may be integrated into a mainstream, top-down, stress-testing framework to quantify systemic risk. The key transmission mechanism is a two-way interaction between the beliefs of secondary market investors and the...
Persistent link: https://www.econbiz.de/10011520642