Heterogeneity in Bank Pricing Policies: The Czech Evidence pdf

... (Financial Stability Report 2008/2009). Heterogeneity in Bank Pricing Policies: The Czech Evidence 7 loans in the Czech Republic. The source of all our data is the internal Czech National Bank ... depositors to fund their lending activities, so either way the money market rate or the deposit rate can represent a marginal cost for the bank, and this br...

Ngày tải lên: 06/03/2014, 14:20

... publication in the FTC’s Uniform Offering Circular. By obtaining a copy of the Uniform Offering Circular, those interested in a franchise will find a wealth of material, including the following: ■ information ... information identifying the franchisor, its affiliates, and the affiliates’ business experience since joining the franchise; ■ information describing the business e...

Ngày tải lên: 18/02/2014, 13:20

... assets. The second, more interesting page contains the examiner's remarks on the well-being of the bank. This page contains information analogous to the more formal CAMEL rating the examiners ... about the survival of the traditional bank deposit, began hearings on the possibility of eliminating deposit rate ceilings. The costs of these ceilings were well-docu...

Ngày tải lên: 15/02/2014, 05:20

... 2.28) = Z A XZ k dIP (Partial averaging) = Z A Xd f IP (Lemma 2.28) Example 9.2 (Radon-Nikodym Theorem, continued) We show in Fig. 9.1 the values of the martingale Z k . We always have Z 0 =1 ,since Z 0 = IEZ = Z  ZdIP ... = e IP =1: 9.3 The State Price Density Process In order to express the value of a derivative security in terms of the market probabilities, it will be u...

Ngày tải lên: 18/10/2013, 03:20

... transmission According to the seminal papers by Klein (1971) and Monti (1972) on banks’ interest rate setting behaviour, banks can exert a degree of market pricing power in determining loan and deposit ... national banking systems: specialized German governmental credit institutions, comprising mainly the major Landesbanken, are included. In addition to certain public finance du...

Ngày tải lên: 15/02/2014, 05:20

... variable is constructed using the number of all branches of each savings bank and the number of inhabitants of the particular region the bank is operating in. The underlying intuition is that a customer ... savings banks. The smaller this distance the more likely the customer has a relationship with the bank. The regional principle, i.e. savings banks can only enga...

Ngày tải lên: 16/02/2014, 06:20

... revealed in the impact of the remaining variables. Thus, increases in ROE have a significantly greater effect 16 on the level of risk-taking behaviour in Commercial banks than in Savings banks. Indeed, ... Nevertheless, other theories indicate that greater stockholder control in Commercial banks may induce them towards greater risk-taking in certain situations. In thi...

Ngày tải lên: 16/02/2014, 06:20

... lending rates in the case of monetary tightening. In the second period, the only asymmetry is detected in the response of the lending rate to a deviation in the long run relationship between the ... basis points in the first period and 3 basis points in the second. In the case of deposits the difference is -12 basis points in the period of partial l...

Ngày tải lên: 17/02/2014, 03:20

... offered to them, then the TOT estimate represents a 318 percentage point increase in savings level. Another way to interpret the TOT is by comparing with the control complier mean (CCM) the savings ... test whether such individuals save more as a result of opening the account. We partnered with the Green Bank of Caraga, a rural bank in Mindanao in the Philippines. First...

Ngày tải lên: 06/03/2014, 10:20

... enter the labor force or intensify their involvement in income-earning activities to compensate for declining family income. This in turn often involved calling on girls to take over the mother’s ... forms of income-generating activity in the home. They are also likely to be put to work helping their mothers with their jobs, increasing the risks to their health and safety. W...

Ngày tải lên: 14/03/2014, 09:20