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The effect of national discretions on banks
Argimón Maza, Isabel; Ruiz, Jenifer - 2010
and more or less risk sensitivity in capital requirements. Following the approach in Barth et al. (2004, 2006, 2008) we … their effect on banks’ risk, capital, efficiency and cost. We show that more stringency and more risk sensitivity in …
Persistent link: https://www.econbiz.de/10012530311
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Safer Ratios, Riskier Portfolios: Banks? Response to Government Aid
Duchin, Ran - 2011
We study the effect of government assistance on bank risk taking. Using hand-collected data on bank applications for … government investment funds, we investigate the effect of both application approvals and denials. To distinguish banks? risk … banks approve riskier loans and shift investment portfolios toward riskier securities. However, this shift in risk occurs …
Persistent link: https://www.econbiz.de/10009482955
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The Status of the Basel III Capital Adequacy Accord
Eubanks, Walter W. - 2010
The new Basel Capital Adequacy Accord (Basel III) is an agreement among countries' central banks and bank supervisory authorities on the amount of capital banks must hold as a cushion against losses and insolvency. Basel III is of concern to Congress mainly because it could put U.S. financial...
Persistent link: https://www.econbiz.de/10009474996
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The recent slowdown of bank lending in Spain : are supply-side factors relevant?
Hernando Castellet, Ignacio; Villanueva López, Ernesto - 2012
Using information of the balance sheets of Spanish banks between 1995 and 2009, we estimate the average impact of current and anticipated changes in banks’ capital on fi rm lending. We isolate the role of credit supply factors using the variation in capital growth associated to the...
Persistent link: https://www.econbiz.de/10012530235
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MCMC Approach to Classical Estimation with Overidentifying Restrictions
Quintero, Luis - 2009
This paper extends the Laplace estimators proposed by Chernozhukov and Hong (2003) to incorporate the statistic that tests the overidentifying restrictions in the GMM. This information was previously ignored during parameter estimation in econometrics with Bayesian methods. The parameters and...
Persistent link: https://www.econbiz.de/10009441071
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Pursuing Manufacturing-Based Export-Led Growth: Are Developing Countries Increasingly Crowding Each Other Out?
Razmi, Arslan - 2006
This study empirically investigates the presence of crowding out effects emerging from intra- developing country competition in export markets for manufactured goods. Export equations are estimated for a panel consisting of twenty major developing country exporters of manufactures, after...
Persistent link: https://www.econbiz.de/10009468021
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Selling and Leasing Software with Network Externality
Zhang, Jennifer; Seidmann, Abraham - University of Toledo; University of Rochester - 2006
Previous studies suggested that a monopoly durable goods seller can useleasing to effectively avoid the time-inconsistent problem raised byCoase Conjecture. This paper extends those previous works by examiningthe monopoly seller's selling and leasing strategy for a special type ofdurable good...
Persistent link: https://www.econbiz.de/10009435103
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Operational risk assessment of chemical industries by exploiting accident databases
Meel, A.; O'Neill, L. M; Levin, J. H; Seider, Warren D.; … - 2007
history and worst-case data from RMP*Info. Risk Analysis, 23(5), 865–881.] summarize the accident frequencies and severities …. Systematic analyses of the databases also help to avoid future accidents, thereby reducing the risk.More specifically, this paper … estimate the capital at risk within an industry utilizing the frequency and loss-severity distributions. …
Persistent link: https://www.econbiz.de/10009438527
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Perspectives on Firm Decision Making During Risky Technology Acquisitions
Powell, Adam C. - 2011
A novel survey dataset on computed tomography (CT) machine acquisition is used to explore which theories best answer two questions from the decision making literature. First, what determines how much uncertainty a firm has when investing in updated technology? Second, what determines the value...
Persistent link: https://www.econbiz.de/10009438770
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Better Safe than Sorry: Precautionary Reasoning and Implied Dominance in Risky Decisions
DeKay, Michael L.; Patiño-Echeverri, Dalia; Fischbeck, … - 2005
In four studies, student and nonstudent participants evaluated the possible outcomes of binary decisions involving health, safety, and environmental risks (e.g., whether to issue a dam-failure evacuation order). Many participants indicated that false positives (e.g., evacuation, but no dam...
Persistent link: https://www.econbiz.de/10009441242