Similar Search Results

Lee, Jong-Kun - 2002

This study investigates the relationship between production efficiency in financial intermediation and financial system size. The study predicts and tests for the existence of ""systemic scale economies"" (SSEs), whereby value-maximizing intermediaries operating in large systems are expected to...

Persistent link: https://www.econbiz.de/10014399577

International Contagion Effects from the Russian Crisis and the LTCM Near-Collapse

Fry, Renee - 2002

We examine empirically the episode of extraordinary turbulence in global financial markets during 1998. The analysis focuses on the market assessment of credit risk captured by daily movements in bond spreads for twelve countries. A dynamic latent factor model is estimated using indirect...

Persistent link: https://www.econbiz.de/10014399584

Building Strong Banks Through Surveillance and Resolution

Enoch, Charles - 2002

Since the mid-1990s, economic observers have kept a watchful eye on the financial sector because of its potential to spark economic crises. Banks in particular have come under close scrutiny. Building Strong Banks through Surveillance and Resolution offers guidance on setting up regulatory and...

Persistent link: https://www.econbiz.de/10014399628

Bank Risk-Taking and Competition Revisited : New Theory and New Evidence

De Nicoló, Gianni - 2006

can predict a negative relationship between concentration and bank loan-to-asset ratios, and a nonmonotonic relationship … between bank concentration and profitability. We explore these predictions empirically using a cross-sectional sample of about …, loan-to-asset ratios are negatively and significantly related to concentration, and bank profits are positively and …

Persistent link: https://www.econbiz.de/10014399669

Banks As Coordinators of Economic Growth

Ueda, Kenichi - 2006

quantity, banks control firms'' investments. Each bank forms a firm group endogenously and internalizes externalities directly …

Persistent link: https://www.econbiz.de/10014399670

Systemic Risk and Financial Consolidation : Are they Related?

De Nicoló, Gianni - 2002

We argue that firm interdependencies, as measured by correlations of stock returns, provide an indicator of systemic risk potential. We find a positive trend in stock return correlations net of diversification effects for a sample of U.S. Large and Complex Banking Organizations over 1988-99....

Persistent link: https://www.econbiz.de/10014399710

Stochastic Volatilities and Correlations, Extreme Values and Modeling the Macroeconomic Environment, Under Which Brazilian Banks Operate

Souto, Marcos - 2007

Using monthly data for a set of variables, we examine the out-of-sample performance of various variance/covariance models and find that no model has consistently outperformed the others. We also show that it is possible to increase the probability mass toward the tails and to match reasonably...

Persistent link: https://www.econbiz.de/10014399716

Financial Liberalization, Bank Market Structure, and Financial Deepening : An Interest Margin Analysis

Sarr, Abdourahmane - 2000

greater interest rate competition. Lack of bank deposit market power, including through capital account mobility, may lessen …

Persistent link: https://www.econbiz.de/10014399825

Financial Reforms and Interest Rate Spreads in the Commercial Banking System in Malawi

Chirwa, Ephraim W. - 2002

system in Malawi. The financial reform program commenced in 1989 when both the Reserve Bank Act and the Banking Act were … power, high reserve requirements, high central bank discount rate and high inflation …

Persistent link: https://www.econbiz.de/10014399917

Asymmetric Information and the Market Structure of the Banking Industry

Dell'Ariccia, Giovanni - 1998

The paper analyzes the effects of informational asymmetries on the market structure of the banking industry in a multi-period model of spatial competition. All lenders face uncertainty with regard to borrowers’ creditworthiness, but, in the process of lending, incumbent banks gather...

Persistent link: https://www.econbiz.de/10014399942