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We examine the relationship between bank size and financial stability by viewing the supervisor of a banking system as an ‘investor’ holding a portfolio of banks. Based on this view, we investigate the role of large banks in determining the systemic risk in this portfolio. Our results, based...
Persistent link: https://www.econbiz.de/10011083159
Purpose – Emerging work on returnee entrepreneurs has done little to examine how these individuals coordinate the resources they need to exploit their opportunities. Existing research has recognized the role of context but this has been quite limited. The chapter provides a novel analytical...
Persistent link: https://www.econbiz.de/10011083160
This paper contributes to the scarce literature on politicians’ individual characteristics as determinants of their acquaintanceship with New Public Management (NPM) concepts and tools. It focuses on party leaders as the leaders of the political groups consisting of members of the same party...
Persistent link: https://www.econbiz.de/10011083161
Since decades, scholars and policy makers have been interested in how fiscal policy influences entrepreneurship. Until now, research has focused on fiscal policy at the federal or regional level and used macro-economic outcome measures. Considerably less attention was given to how municipal...
Persistent link: https://www.econbiz.de/10011083162
Using a field experiment, we investigate whether discrimination based on women's sexual orientation differs by age and family constraints. We find weakly significant evidence of discrimination against young heterosexual women because of their potential to have children. This effect is driven by...
Persistent link: https://www.econbiz.de/10011083163
We study the effects of pension reform in a four-period OLG model for an open economy where hours worked by three active generations, education of the young, the retirement decision of older workers, and aggregate growth, are all endogenous. Within each generation we distinguish individuals with...
Persistent link: https://www.econbiz.de/10011083164
Monetary authorities throughout the world have been responding to the global financial crisis by cutting interest rates to historically low levels and by embarking on a series of unconventional monetary policies, including operations that change the size and composition of their balance sheets...
Persistent link: https://www.econbiz.de/10011083165
Shocks to bank lending, risk-taking and securitization activities that are orthogonal to real economy and monetary policy innovations account for more than 30 percent of U.S. output variation. The dynamic effects, however, depend on the type of shock. Expansionary securitization shocks lead to a...
Persistent link: https://www.econbiz.de/10011083166
Cross impact analysis (CIA) consists of a set of related methodologies that predict the occurrence probability of a specific event and that also predict the conditional probability of a first event given a second event. The conditional probability can be interpreted as the impact of the second...
Persistent link: https://www.econbiz.de/10011083167
Fierce competition as well as the recent financial crisis in financial and banking industries made credit scoring gain importance. An accurate estimation of credit risk helps organizations to decide whether or not to grant credit to potential customers. Many classification methods have been...
Persistent link: https://www.econbiz.de/10011083168