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Persistent link: https://www.econbiz.de/10012967860
by introducing loan-portfolio opacity, reducing the quality of information about portfolio risk. [3] Financial crises … responsible for the length and severity of these recessions. In the model, banks assess loan risk, originate and liquidate loans … making inefficient decisions about liquidating loans and choosing loan originators (who assess risk). Inefficient liquidation …
Persistent link: https://www.econbiz.de/10012545824
Who could have thought that banks would become nationalised, that state debts would reach historical levels, that bulge bracket investment banks would go bankrupt and that the masters of the universe would be so widely vilified? Each in their own way, the four reflections collected in this...
Persistent link: https://www.econbiz.de/10013151071
The coronavirus pandemic is creating overwhelming needs, in three waves. First is the health crisis; second is the macroeconomic crisis created by the abrupt halt in much business activity; and now third is a consumer crisis, as households are faced with total or partial job loss, sharp income...
Persistent link: https://www.econbiz.de/10012837811
Based on a review of international and regional responses to the global financial and economic crisis and its implications for finance in Asia, Douglas Arner and Lotte Schou-Zibell draw lessons for Asian financial systems with regard to the scope of regulation; financial standards; supervision,...
Persistent link: https://www.econbiz.de/10011283429
The financial crisis has brought about dramatic consequences for economies and societies. Questions emerge about responsibility for the crisis and, implicitly or explicitly irresponsibility; the obligations to take responsibility for the costs and other adverse effects of the recession; and the...
Persistent link: https://www.econbiz.de/10013103174
Persistent link: https://www.econbiz.de/10009551514
This paper explores the economic issues related to systemically important insurance companies, using an example from the Great Depression, the National Surety Company. National Surety was a large and diverse insurance company that experienced a major crisis in 1933 due to losses from its...
Persistent link: https://www.econbiz.de/10011499676
We employ a unique hand-collected dataset and a novel methodology to examine systemic risk before and after the largest … U.S. banking crisis of the 20th century. Our systemic risk measure captures both the credit risk of an individual bank … that we can measure how predisposed the entire network was to risk, where risk was concentrated, and how the failure of …
Persistent link: https://www.econbiz.de/10012892160
This paper explores the economic issues related to systemically important insurance companies, using an example from the Great Depression, the National Surety Company. National Surety was a large and diverse insurance company that experienced a major crisis in 1933 due to losses from its...
Persistent link: https://www.econbiz.de/10013210365