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During Russia's transition, debates raged over the formation of a market economy and the role of the state. Behind these debates lay both the control of oligarchs over strategic branches of the economy that export raw materials and the experience of the 1998 crisis that drew attention to the...
Persistent link: https://www.econbiz.de/10013142768
We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this … supporting the bad management and efficiency version of the moral hazard hypotheses. In contrast, bank efficiency improvements … contribute to shore up bank capital levels. Our findings suggest that banks lagging behind in their efficiency levels might …
Persistent link: https://www.econbiz.de/10013142777
We present in this note a method for computing the regulatory capital of financial institutions, along with the Basel Committee requirements, which avoids the pitfalls of the Value-at-Risk and, in particular, the fact that – as observed during 2008 crisis – it aggravates systemic risk rather...
Persistent link: https://www.econbiz.de/10013142843
effects from cross-border bank takeovers with those of cross-border lending by banks located overseas, which in most cases …
Persistent link: https://www.econbiz.de/10013142941
December 2008. The results point to two-way causality between bank and corporate distress and to significant global … advanced economies has a larger impact on economic growth in emerging economies than bank distress in advanced economies has …. In contrast, activity in advanced economies is more vulnerable to bank distress than to corporate distress …
Persistent link: https://www.econbiz.de/10013142945
The study presents an overview of the Polish financial system development in the years 1990-2009. It discuss the recent changes in the structure of the banking, insurance and pension sector as well in the capital market. Finally, it compares recent development in Poland's financial system to the...
Persistent link: https://www.econbiz.de/10013142974
We assess the role of women in bank boardrooms in a sample of 461 large banks from OECD countries. After controlling … for bank and country specific effects, we find that women's participation in boardrooms, both presence and percentage, has … sub-sample of 134 listed banks we find that markets have a positive perception of women's participation on the board …
Persistent link: https://www.econbiz.de/10013143042
Banks in Michigan were opting for self-imposed moratoria during the Great Depression as early as 1931. These plans largely imitated a plan that began in the township of Milford, Michgan. Eventually, all banks in the state were closed in the national holiday declared by President Roosevelt in...
Persistent link: https://www.econbiz.de/10013143050
In this paper, we empirically investigate the degree of systemic risk in the U.S. banking sector versus other industry sectors. We characterize the systemic risk in each sector by the lower tail dependence of stock returns. Our study differs from extant literature in three respects. First, we...
Persistent link: https://www.econbiz.de/10013143151
Indian banking industry has undergone qualitative changes due to banking sector reforms where the well-known parameters have thoroughly changed. The entry of new private sector banks into the Indian banking industry has brought in a torrent of new challenges for Public Sector Banks (PSBs) at a...
Persistent link: https://www.econbiz.de/10013143242