Showing 171 - 180 of 305
Persistent link: https://www.econbiz.de/10012757451
This paper surveys the theory of banking regulation from the general perspective of regulatory theory. Starting by considering the different justifications of financial intermediation, we proceed to identify the market failures that make banking regulation necessary. We then turn to examine how...
Persistent link: https://www.econbiz.de/10012706328
This paper analyzes current practices at U.S. banks for quantifying credit in retail portfolios and examines the challenges confronting banks and regulators in developing an internal ratings based (IRB) approach to setting capital requirements for retail exposures. The paper finds that...
Persistent link: https://www.econbiz.de/10012739903
This paper derives the optimal size of the financial sector using a general equilibrium framework that is an extension of Holmstrom and Tirole's 1997 paper. We show that the financial sector has a unique optimal size relative to the size of the economy as a whole. Creating and maintaining this...
Persistent link: https://www.econbiz.de/10012743944
Persistent link: https://www.econbiz.de/10012744479
The past decade has seen dramatic losses in the banking industry. Firms that had been performing well suddenly announce large losses due to credit exposures that turn sour, interest rate positions taken, or derivative exposures that may or may not have been assumed to hedge balance sheet risk....
Persistent link: https://www.econbiz.de/10012791403
This paper analyzes the difficulties associated with bank regulation and deposit insurance in a unified Europe. Specifically, the consequences of the Second Coordinating Banking Directive and the quot;common passportquot; branching regulation are explored. Issues of deposit insurance premiums...
Persistent link: https://www.econbiz.de/10012791527
Through the past year, on-site visits to financial service firms were conducted by a team of researchers from the Wharton Financial Institutions Center to review and evaluate their risk management systems. In the insurance sector, this evaluation covered a number of prominent life/health and...
Persistent link: https://www.econbiz.de/10012791990
This paper investigates the demand by households for transaction services from the financial sector. Households buy several goods with any of several media of exchange. The households choose the medium of exchange to use for each type of good, how much of each type of medium to hold, and the...
Persistent link: https://www.econbiz.de/10012792138
Persistent link: https://www.econbiz.de/10004107337