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Insider Trading in a Two-Tier Real Market Structure Model

Karam, Fida - 2019

mainly of the price of an intermediate good produced locally by a privately-owned firm. We show that the real output of the … final good chosen by the insider as well as the price of the intermediate good set by the privately-owned firm are both … price and the stock pricing rule. Besides, when compared to Jain and Mirman (2000) and (2002), this two-tier real market …

Persistent link: https://www.econbiz.de/10012905780

The Triffin dilemma again

Campanella, Edoardo - 2010

examples: price of commodities, dollarization, and the international financial position of the US. And it makes a proposal to … price of commodities. Developing countries, by contrast, should create regional monetary unions (regional currencies …

Persistent link: https://www.econbiz.de/10008648332

Falling Short : Has the SEC’s Quest to Control Market Manipulation and Abusive Short Selling Come to an End or Has It Really Just Begun?

Ramirez, Richard E. - 2019

Despite continued attempts by regulators to curtail abusive short sales and increase transparency, the pattern and practice of fraudulent manipulation continues to proliferate and threaten the capitalization of a wide variety of issuers within the securities market. Identifying a meaningful...

Persistent link: https://www.econbiz.de/10012900322

Consolidation in banking and financial stability in Europe: empirical evidence

Uhde, André; Heimeshoff, Ulrich - 2009

Using aggregate balance sheet data from banks across the EU-25 over the period from 1997 to 2005 this paper provides empirical evidence that national banking market concentration has a negative impact on European banks' financial soundness as measured by the Z-score technique while controlling...

Persistent link: https://www.econbiz.de/10010299754

New Paradigms in Banking, Financial Markets and Regulation?

Balling, Morten; Lierman, Frank; den Spiegel, Freddy Van; … - 2012

On May 11-12, 2011, SUERF, the Belgian Financial Forum, the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) jointly organised the 29th SUERF Colloquium New paradigms in money and finance? The papers included in this SUERF Study are based on contributions to the...

Persistent link: https://www.econbiz.de/10011689953

Consolidation in banking and financial stability in Europe : empirical evidence

Uhde, André; Heimeshoff, Ulrich - 2009

Using aggregate balance sheet data from banks across the EU-25 over the period from 1997 to 2005 this paper provides empirical evidence that national banking market concentration has a negative impact on European banks’ financial soundness as measured by the Z-score technique while controlling...

Persistent link: https://www.econbiz.de/10003894737

Price negotiation in differentiated products markets : evidence from the Canadian mortgage market

Allen, Jason; Clark, Robert; Houde, Jean-François - 2012

This paper measures market power in a decentralized market where contracts are determined through a search and negotiation process. The mortgage industry has many institutional features which suggest competitiveness: homogeneous contracts, negotiable rates, and, for a given consumer, common...

Persistent link: https://www.econbiz.de/10009627564

Bank Organization, Market Structure and Risk-Taking : Evidence from U.S. Commercial Banks

Goetz, Martin Richard - 2012

This paper studies how a bank's diversification affects its own risk taking behavior and the risk taking of competing, nondiversified banks. In particular, I test whether greater geographic diversification of banks has effects on the risk taking behavior of nondiversified competitors beyond...

Persistent link: https://www.econbiz.de/10013114769

Bank Market Structure, Competition, and SME Financing Relationships in European Regions

Mercieca, Steve - 2010

How do concentration and competition in the European banking sector affect lending relationships between small and medium sized enterprises (SMEs) and their banks? Recent empirical evidence suggests that concentration and competition capture different characteristics of banking systems. Using a...

Persistent link: https://www.econbiz.de/10013152904

Leverage Regulation and Market Structure : An Empirical Model of the UK Mortgage Market

Benetton, Matteo - 2018

I develop a structural model of mortgage demand and lender competition to study how leverage regulation affects the equilibrium in the UK mortgage market. Using variation in risk-weighted capital requirements across lenders and across mortgages with differential loan-to-values, I show that a...

Persistent link: https://www.econbiz.de/10012911375