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We employ a comprehensive data set and a variety of methods to provide evidence on the magnitude of large banks’ funding advantage in Canada, and on the extent to which market discipline exists across different securities issued by the Canadian banks. The banking sector in Canada provides a...
Persistent link: https://www.econbiz.de/10010723573
Stress testing, at its most general level, is an investigation of the performance of an entity under abnormal operating conditions. The authors focus on one set of entities--the Canadian banking sector--and investigate losses in the loans portfolio of this sector as a function of changing...
Persistent link: https://www.econbiz.de/10005808305
macroeconomic models. Our basic argument is that default and bankruptcy laws are required to prevent strategic default, and these … chosen equilibrium. The theory and evidence together reinforce the idea that accounting, bankruptcy and possibly other … of default penalties that support an active bankruptcy-modified competitive equilibrium. …
Persistent link: https://www.econbiz.de/10008479207
Default rates are series commonly used in stress testing. In Canada, as in many other countries, there are no historical series available for sectoral default rates on bank loans to firms. Knowledge of such data is required to assess the impact of shocks on the balance sheets of financial...
Persistent link: https://www.econbiz.de/10010617510
The recent crisis has underlined the importance of sound bank liquidity management. In response, regulators are devising new liquidity standards with the aim of making the financial system more stable and resilient. In this paper, the authors analyse the impact of liquid asset holdings on bank...
Persistent link: https://www.econbiz.de/10008765829
macroeconomic models. Our basic argument is that default and bankruptcy laws are required to prevent strategic default, and these … equilibrium. The theory and evidence together reinforce the idea that accounting, bankruptcy and possibly other aspects of social …
Persistent link: https://www.econbiz.de/10008854042
WebBRD: the consideration of the time between fraud disclosure and the final bankruptcy reveals the presence of an …
Persistent link: https://www.econbiz.de/10013090105
business. Thus, the objective of this paper is to examine the impact of bankruptcy prediction, company's financial condition … used to analyse data.Findings - The results of this research show that bankruptcy prediction, company's financial condition …
Persistent link: https://www.econbiz.de/10012952418
One potentially positive outcome of Enron's demise could be improving the process by which auditors are selected, retained and compensated. A proposal to reform this aspect of corporate governance is outlined in this essay. In addition, this editorial accomplishes two goals: (a) identification...
Persistent link: https://www.econbiz.de/10013006300
will be presented, as well as the notion of bankruptcy risk and its relevance for baking sector. Our research results …
Persistent link: https://www.econbiz.de/10013079318