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minimizing the bank's nonperforming loans to SMEs, and at the same time fulfill the government policies for supporting SMEs. Our …
Persistent link: https://www.econbiz.de/10011522082
This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of …
Persistent link: https://www.econbiz.de/10010257239
This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of …
Persistent link: https://www.econbiz.de/10010258417
The paper shows that a coinsurance arrangement among countries can, in principle, play a useful role in helping countries bear the risks involved in developing their economies and integrating into the global financial system. The operation of the coinsurance arrangement is examined under...
Persistent link: https://www.econbiz.de/10005264158
International financial assistance (loans and grants) can potentially raise recipients' welfare in two ways, by …
Persistent link: https://www.econbiz.de/10005769075
Persistent link: https://www.econbiz.de/10011382162
Crowdfunding challenges the traditional separation between finance and marketing. It creates economic value by reducing demand uncertainty, which enables a better screening of positive NPV projects. Entrepreneurial moral hazard threatens this effect. Using mechanism design, mechanisms are...
Persistent link: https://www.econbiz.de/10011309652
performing agent must beat the second best to receive the winner prize. We analyze a tournament with two risk averse agents …
Persistent link: https://www.econbiz.de/10010198511
The probability that actors in economic relationships break rules increases with the profits they thus expect to earn. It decreases with the probability and level of short- and long-term losses resulting from disclosure. It also decreases with the level of social context factors and intrinsic...
Persistent link: https://www.econbiz.de/10010346444
promised higher profitability partly because of better risk management made possible by advances in information technology and …. Because systemic risk cannot be fully privatized social insurance against it is inevitably a common pool (or open) resource …, which means that there is an incentive for financial units to over-extract in the form of excessive risk taking in the …
Persistent link: https://www.econbiz.de/10011435704