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We conduct a systematic literature review on environmental and climate related risk management in the financial sector. The systematic literature review identified a total of 36 relevant articles. A formal coding leads to the aggregation and classification of papers to three main categories that...
Persistent link: https://www.econbiz.de/10012848409
bank regulatory/supervisory styles, illustrate the differences in regulation/supervision among crisis, non-crisis and BRICS … countries, and highlight the ways in which bank regulation and supervision has changed during the crisis period. The study … suggests that crisis-countries had weaker regulatory and supervisory frameworks compared to those in emerging countries during …
Persistent link: https://www.econbiz.de/10011113271
financial system. This currently unfolding systemic shock comes a little more than a decade after the last financial crisis. In … the intervening years, much as been written about the global financial crisis of 2008 and its systemic dimensions … developed for the analysis of systemic financial risks in the aftermath of the last financial crisis. We compare and contrast …
Persistent link: https://www.econbiz.de/10012836438
In hindsight of the 2008 crisis, the conspicuous underestimation of systemic risk has turned into a strong incentive …
Persistent link: https://www.econbiz.de/10012146184
Modern society mitigates and transfers risks in a variety of ways, which range from catastrophe prevention and insurance solutions through to injustices of a minor and inconspicuous nature. We illustrate that the measures taken depend on the uncertainty about the risks in question, and involve...
Persistent link: https://www.econbiz.de/10013238200
systemic financial crisis. During the Great Recession, failing market risk-sharing was replaced by the ECB through the cross …
Persistent link: https://www.econbiz.de/10012051210
Drawing broadly on the literature on the political economy of the financial crisis, the paper looks at deregulation as … a market driven process that culminated in a collective action failure. In the run up to the 2008 Financial Crisis …
Persistent link: https://www.econbiz.de/10011435704
The paper argues that financial deregulation incentivized financial firms to take excessive risks and over-expand because it turned social insurance against systemic risk into a common pool (or open) resource. The increased size and complexity of deregulated financial markets in turn raised the...
Persistent link: https://www.econbiz.de/10011959972
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
This paper considers a financing problem for an innovative firm that is launching a web-based platform. The entrepreneur, on one hand, faces a large degree of demand uncertainty on his product and on the other hand has to deal with incentive problems of professional blockchain participants who...
Persistent link: https://www.econbiz.de/10012587665