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Means and Ends in the New Financial Regulation

Presti, Gaetano - In: Rivista Internazionale di Scienze Sociali 119 (2011) 1, pp. 23-40

Persistent link: https://www.econbiz.de/10010786811

I mercati del microcredito: tendenze internazionali e caso italiano. Una rassegna

POLIN, Veronica - In: Rivista Internazionale di Scienze Sociali 117 (2009) 1, pp. 135-168

This paper focuses on microcredit, a financial tool adopted in many countries to fight financial exclusion and poverty. By employing microcredit strategies, small loans are granted to low income households who would ‘naturally’ be excluded from the formal financial system. Thus, microcredit...

Persistent link: https://www.econbiz.de/10010786837

Regulation of Banks: Moving Targets

Nielsen, Carsten - In: Rivista Internazionale di Scienze Sociali 120 (2012) 2, pp. 215-224

We investigate, in a model of perfectly competitive banks and a lower bound on the deposit rate that these banks may offer, the idea that, as a result of financial innovation, capital adequacy requirements may become ineffective in preventing banks from investing in risky assets which are, from...

Persistent link: https://www.econbiz.de/10010786969

Central bank liquidity auction mechanism design and the interbank market

Ollikka, Kimmo; Tukiainen, Janne - Suomen Pankki - 2013

We study whether the mechanism design in the central bank liquidity auctions matters for the interbank money market … valuations in the liquidity auctions. The model captures the relevant features of how the European Central Bank sells liquidity …

Persistent link: https://www.econbiz.de/10010698833

The government’s role in government-owned banks

Shen, Chung-Hua; Hasan, Iftekhar; Lin, Chih-Yung - Suomen Pankki - 2013

are required to purchase a distressed bank because of political factors (the government’s role), their performances are at …

Persistent link: https://www.econbiz.de/10010698834

Over-the-counter loans, adverse selection, and stigma in the interbank market

Ennis, Huberto; Weinberg, John - In: Review of Economic Dynamics 16 (2013) 4, pp. 601-616

by a bank in the loan market may influence prices in the asset market. In particular, under some conditions, borrowing … from the central bank can be regarded as a negative signal about the quality of the borrower's assets and banks may be … willing to borrow in the market at rates higher than the one offered by the central bank. (Copyright: Elsevier) …

Persistent link: https://www.econbiz.de/10010698888

The Business Cycle Implications of Banks' Maturity Transformation

Andreasen, Martin; Ferman, Marcelo; Zabczyk, Pawel - In: Review of Economic Dynamics 16 (2013) 4, pp. 581-600

This paper develops an RBC model where banks use short-term deposits to provide firms with long-term credit. The demand for long-term credit arises because firms borrow in order to finance their capital stock which they only adjust at infrequent intervals. We show that maturity transformation in...

Persistent link: https://www.econbiz.de/10010698889

Rent Dissipation or Government Predation? The Notes Issuance Activity in Italy 1865-1882

Gentier, Antoine; Gianfreda, Giuseppina; Janson, Nathalie - Centre d'Études et de Recherche en Gestion (CERGAM), … - 2011

the suspension of gold convertibility. The major bank of the new born state of Italy – the Banca Nazionale nel regno d …

Persistent link: https://www.econbiz.de/10010698924

Indicadores de riesgo de crédito derivado de los depósitos bancarios constituidos en el exterior

Rodriguez, Verónica - Departamento de Economía, Facultad de Ciencias Sociales - 2012

bank stability index. …

Persistent link: https://www.econbiz.de/10010699054

Systemic banks and the lender of last resort

Ponce, Jorge; Rennert, Marc - Departamento de Economía, Facultad de Ciencias Sociales - 2012

it is socially optimal to move responsibilities from the central bank to an unconditional bailout rule when the shortfall … is large enough. The existence of systemic banks provides a rationale for the central bank to act as lender of last …

Persistent link: https://www.econbiz.de/10010699058