Narrow search
Showing 1 - 10 of 766,093
Cover Image
Bank Competition and Financial Stability : A General Equilibrium Exposition
De Nicolo, Gianni - 2013
failures. In this model, there is no trade-off between bank competition and financial stability … mechanisms for bank risk-taking studied in a large partial equilibrium literature. We show that competitive equilibriums maximize … banks is higher than that of banks enjoying monopoly rents, and is robust to the introduction of social costs of bank …
Persistent link: https://www.econbiz.de/10013086044
Cover Image
Financial Intermediation, Competition, and Risk : a General Equilibrium Exposition
De Nicolo, Gianni - 2010
banks can extract market power rents. We show that more bank competition results in lower economy-wide risk, lower bank … capital ratios, more efficient production plans and Pareto-ranked real allocations. Perfect competition supports a second best … allocation and optimal levels of bank risk and capitalization. These results are at variance with those obtained by a large …
Persistent link: https://www.econbiz.de/10013147017
Cover Image
Financial Intermediation, Competition, and Risk : A General Equilibrium Exposition
De Nicolo, Gianni - 2010
banks can extract market power rents. We show that more bank competition results in lower economy-wide risk, lower bank … capital ratios, more efficient production plans and Pareto-ranked real allocations. Perfect competition supports a second best … allocation and optimal levels of bank risk and capitalization. These results are at variance with those obtained by a large …
Persistent link: https://www.econbiz.de/10013141375
Cover Image
Exit and power in general equilibrium
Gersbach, Hans; Haller, Hans - 2008
We integrate individual power in groups into general equilibrium models. The relationship between group formation, resource allocation, and the power of specific individuals or particular sociological groups is investigated. We introduce, via an illustrative example, three appealing concepts of...
Persistent link: https://www.econbiz.de/10010484493
Cover Image
Macroeconomic evolution after a production shock : the role for financial intermediation
Vinogradov, Dmitri V. - 2006 - This version: August 29, 2006
economy and compares abilities of market-based and bank-based financial systems in processing the shock. Unregulated banking …
Persistent link: https://www.econbiz.de/10003393903
Cover Image
Macroeconomic Evolution after a Production Shock: the Role for Financial Intermediation
Vinogradov, Dmitri V. - 2006
economy and compares abilities of market-based and bank-based financial systems in processing the shock. Unregulated banking …
Persistent link: https://www.econbiz.de/10011422146
Cover Image
Can fintechs stabilize the financial sector?
Windl, Martin - 2020
compares the effects of competition and collaboration between banks and fintechs on stability and efficiency. Using a partial …
Persistent link: https://www.econbiz.de/10012419125
Cover Image
Bank insolvencies, regulatory forbearance and ambiguity
Vinogradov, Dmitri V. - 2006 - This version: September 14, 2006
Banking regulators often practice forbearance and ambiguity in insolvency resolutions. The paper examines the effects of regulatory forbearance and ambiguity in a context of allocational efficiency. Bailouts, liquidations and their stochastic policy mix lead to suboptimal allocations if banks do...
Persistent link: https://www.econbiz.de/10003393906
Cover Image
Housing and Credit Misalignments in a Two-Market Disequilibrium Framework
Karmelavičius, Jaunius; Mikaliūnaitė-Jouvanceau, Ieva; … - 2022
During the COVID-19 pandemic, house prices and mortgage credit rose at a long unseen pace. It is unclear, however, whether such increases are warranted by the underlying market and macroeconomic fundamentals. This paper offers a new structural two-market disequilibrium model that can be...
Persistent link: https://www.econbiz.de/10013404926
Cover Image
Bank competition and financial stability: A general equilibrium exposition
De Nicolò, Gianni; Lucchetta, Marcella - 2013
failures. In this model, there is no trade-off between bank competition and financial stability. … mechanisms for bank risk-taking studied in a large partial equilibrium literature. We show that competitive equilibriums maximize … banks is higher than that of banks enjoying monopoly rents, and is robust to the introduction of social costs of bank …
Persistent link: https://www.econbiz.de/10010291658