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in government money, where the terms of bank deposit contracts are affected by the liquidity insurance available in … contracts combined with a central bank lender-of-last-resort facility to promote efficient liquidity insurance and a panic … framework in which fractional reserve banks emerge in equilibrium, where bank assets are funded with liabilities made demandable …
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We examine how intermediary capitalization affects asset prices in a framework that allows for intermediary market power. We introduce a model in which capital-constrained intermediaries buy or trade an asset in an imperfectly competitive market, and we show that weaker capital constraints lead...
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Wie der Finanzplatz Deutschland in Zukunft aussehen wird, haben namhafte Autoren aus Wissenschaft und Praxis in dieser Festschrift für Prof. Dr. Wolfgang Gerke skizziert. Die Themen: theoretische und experimentelle Finanzmarktforschung, Corporate Governance, Rating, Kostenmanagement und...
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