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DeGennaro, Ramon P. - 2003

This paper models stock returns as a function of three components: a constant expected return, the impact of the mechanism for executing trades, and a rational expectations error. We examine changes in these parameters using Goldfeld and Quandt's (1976) deterministic switching based on time....

Persistent link: https://www.econbiz.de/10012786654

Delegated Monitors, Large and Small : Germany's Banking System, 1800-1914

Guinnane, Timothy W. - 2003

the banking system, which plays a relatively greater role in Germany. Germany has long had universal banks, institutions … these institutions. In the United States arguments for the deregulation of banking often stress the supposed advantages of … industrial firms that allegedly allowed the banks to play an unusual role in industrial finance. This view of the German banking …

Persistent link: https://www.econbiz.de/10012786839

Liquidity and Financial Market Runs

Bernardo, Antonio E. - 2003

We model a run on a financial market, in which each risk-neutral investor fears having to liquidate shares after a run, but before prices can recover back to fundamental values. To avoid having to possibly liquidate shares at the marginal post-run price - in which case the risk-averse...

Persistent link: https://www.econbiz.de/10012786895

Regulation, Taxation, and the Development of the German Universal Banking System, 1884-1913

Fohlin, Caroline - 2003

The historical literature has traditionally paid much attention to the role of universal banking in the … concentration and possibly also monopoly power in the universal banking sector. Two important tax levies on securities market … the development of the universal banking sector from 1884 to 1913. The analysis covers three hypothesized areas of impact …

Persistent link: https://www.econbiz.de/10012786930

Banks and Economic Growth : Implications from Japanese History

Miwa, Yoshiro - 2001

Several decades ago, Gerschenkron famously argued that banks facilitate economic growth in quot;backwardquot; countries. To similar effect, theorists sometime claim that banks promote growth by reducing informational asymmetries and thereby improving the allocation of funds. As a fast-growth but...

Persistent link: https://www.econbiz.de/10012787585

금융안정을 위한 예금보험기구의 역할에 관한 연구 (Improvements for the Role of the Korea Deposit Insurance Corporation in Relation to Financial Stability in Korea)...

Ko, Dong Won - 2019

Korean Abstract: 2008년 세계적(global) 금융위기를 겪으면서 금융감독 업무를 수행하는 금융감독기구만으로는 금융위기 시에 금융안정의 역할을 효율적으로 추진할 수 없다는 한계가 지적되면서 중앙은행과 예금보험기구의...

Persistent link: https://www.econbiz.de/10012901300

보험회사 파산시 선진국 예금보험기관의 보험금지급 사례 연구 (A Case Study on Payment of Deposit Insurance in Insurance Company Failures : Focusing on Advanced Countries)...

Lew, Keun Ock - 2019

KDIC and policy holders. Such a co-sharing plan should be applied to all financial sectors including insurance and banking …

Persistent link: https://www.econbiz.de/10012901305

국제예금보험기구협회(IADI)의 예금보험제도 핵심원칙에 비추어 본 우리나라 예금보험제도의 개선 방향 (Evaluations on the Korean Deposit Insurance System Based on IADI's "Core Principles for Effective Deposit Insurance Systems...

Ko, Dong Won - 2019

Banking Supervision (BCBS) and the International Association of Deposit Insurers (IADI) jointly published the "Core Principles …

Persistent link: https://www.econbiz.de/10012901354

은행 자기자본비율과 자기자본비용 관계 (The Impact of Higher Capital Ratio on the Cost of Equity : An Empirical Study of Korean Banks)

Lee, Sangwook - 2019

Korean Abstract: 연구는 2002년 이후 한국의 은행 자료를 이용하여 은행 자기자본비율과 자기자본비용 관계를 추정하였다. 먼저 자본자산가격결정모형(CAPM) 모형을 이용하여 한국의 은행 자기자본비용을 추정하였다. 다음 은행...

Persistent link: https://www.econbiz.de/10012901574

The Resolution of Systemically Important Financial Institutions : Lessons from Fannie and Freddie

Calabria, Mark A. - 2019

There was perhaps no issue of greater importance to the financial regulatory reforms of 2010 than the resolution, without taxpayer assistance, of large financial institutions. The rescue of firms such as AIG shocked the public conscience and provided the political force behind the passage of the...

Persistent link: https://www.econbiz.de/10012903778