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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, Davis for 25 years, I decided to organize all my teaching...
Persistent link: https://www.econbiz.de/10011429960
This study investigates the implications of cross-country differences in banking regulation and supervision for the … subsidiaries in countries with weaker regulation and supervision and that such location decisions are associated with elevated BHC … role in these location choices and risk outcomes. Overall, our study suggests that U.S. banking organizations engage in …
Persistent link: https://www.econbiz.de/10011623274
Like in many other countries, inclusive finance for inclusive growth has become a policy issue in Bangladesh following the global financial crisis in 2008. Over the past 10 years, intensity of financial deepening and access to financial services has increased. Both banks and microfinance...
Persistent link: https://www.econbiz.de/10011576821
than US ones. Regarding the consequences of systemic risk, we show that dependence between the banking sector and a wide …
Persistent link: https://www.econbiz.de/10009784871
We evaluate the role of insider ownership in shaping banks' equity issuances in response to the global financial crisis. We construct a unique dataset on the ownership structure of U.S. banks and their equity issuances and discover that greater insider ownership leads to less equity issuances....
Persistent link: https://www.econbiz.de/10012418825
We integrate Basel II (and III) regulations into the industrial organization approach to banking and analyze lending …) for hedging purposes. Regulation is found to induce the risk-neutral bank to behave in a more risk-sensitive way: Compared … to a situation without regulation the optimal volume of loans decreases more as the riskiness of loans increases. CDS …
Persistent link: https://www.econbiz.de/10008861994
We construct unique measures which allow to discuss the financial stability of banking systems with respect to funding … liquidity risk. We quantify the maximal proportional price shock a banking system can sustain without downward spiralling … requirements in times of financial distress reduce banking system stability. The model is calibrated to the Austrian banking system …
Persistent link: https://www.econbiz.de/10008922921
considering the design of regulation of mobile banking. Since it lies at the interface between financial services and telecoms …Mobile banking is growing at a remarkable speed around the world. In the process it is creating considerable …, mobile banking also raises competition policy and interoperability issues that are discussed in the paper. Finally, by …
Persistent link: https://www.econbiz.de/10009228814
order to explain how existing national regulation moderated this relationship and whether it succeeded in its risk …
Persistent link: https://www.econbiz.de/10010731175
The global financial crisis of 2007–2008 has given rise to new regulatory initiatives to put restrictions on the size and the term of bankers' pay. We revisit both theoretically and empirically the question of whether these regulations are justified. We model bonuses as a series of sequential...
Persistent link: https://www.econbiz.de/10010734434