induces moral hazard. Therefore, we introduce a fiscal authority that is able to bail out the bank by injecting capital. This …

. Liquidation values depend on how many firms are liquidated, and therefore on the industry equilibrium of capital structures and of … that even if in equilibrium all firms use the same technology, firms will use widely different capital structures. …

In this paper the e.ect of environmental policy on the composition of capital is investigated.By allowing for non … with the age of the capital stock is of crucial importance.Also it is obtained that environmental policy has opposite e ….ects on the average age of the capital stock in the case of either deterioration or depreciation.We also focus more explicitly …

structural liquidity positions in 2007Q2 to estimate the impact of exposure to market freezes during 2007-08 on the supply of … particular, banks that were ex ante more dependent on market funding and had lower structural liquidity reduced the supply of … credit more than other banks. However, higher levels of better-quality capital mitigated this effect. Our results suggest …

heterogeneity of capital and comparative advantage. …

funds is a serious obstacle to any idea in the sector, even the best one. Capital inflows to agroindustry can take various …

capital, suponen el carácter histórico de este, por lo cual metodológicamente se debe comprender el capital como una relación …

example, using 2006 to 2010 data, Capital One Financial Corporation was identified for intervention from as early as 2006 …

The standard argument for abstracting from capital accumulation in sticky-price macro models is based on their short …-run focus: over this horizon, capital does not move much. This argument is more problematic in the context of real exchange rate … (RER) dynamics, which are very persistent. In this paper we study RER dynamics in sticky-price models with capital …

the Basel Accord, and bank capital adequacy ratio is taken as an important means of control. The purpose of this paper is … to investigate the internal mechanism between capital buffers and risk adjustment. Design/methodology/approach–Based on … between short-term capital buffer and portfolio risk adjustments. Findings–The authors' estimations show that the relationship …