Why Are there So Many Banking Crises? The Politics and Policy of Bank Regulation phần 1 ppsx

... Introduction and Outline of the Book 1 References 14 PART 1. WHY ARE THERE SO MANY BANKING CRISES? 19 Chapter 1. Why Are there So Many Banking Crises? Jean-Charles Rochet 21 1 .1 Introduction 21 1.2 The Sources ... risk. ✐ ✐ “rochet” — 2007/9 /19 — 16 :10 — page xi — #11 ✐ ✐ ✐ ✐ ✐ ✐ Why Are there So Many Banking Crises? ✐ ✐ “roche...

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... Journal of Banking and Finance 21: 4 91 507. Kim, D., and A. Santomero. 19 88. Risk in banking and capital regulation. Journal of Finance 43 :12 19–33. Lindgren, C J., G. Garcia, and M. Saal. 19 96. Bank ... note. Journal of Banking and Finance 13 :883– 91. Gorton, G., and A. Santomero. 19 90. Market discipline and bank subordinated debt. Journal of Mone...

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... number of banks increases, the insolvency of one bank has a lower impact on the value of the deposits in the other banks. Similarly, an increase in the fraction of travelers spreads on the other banks ... values of λ and N. We then compare the exposure to market discipline of the credit chain and the diversified lending structures. Proposition 7.4. In the...

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... also Morris and Shin (2000). ✐ ✐ “rochet” — 2007/9 /19 — 16 :10 — page 31 — #43 ✐ ✐ ✐ ✐ ✐ ✐ WHY ARE THERE SO MANY BANKING CRISES? 31 the activities of all banks. This feature is illustrated by the ... mutual bank but rather a corporation that acts in the best ✐ ✐ “rochet” — 2007/9 /19 — 16 :10 — page 21 — #33 ✐ ✐ ✐ ✐ ✐ ✐ Chapter One Why Are there So Man...

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... (3.7) [(β S +∆β)R 0 + (1 −β S −∆β)(p (1 − δ)R 1 + (1 −p (1 − δ))R 0 )] < 0. (3.8) Conditions (3.7) and (3.8) are satisfied if the costs of efforts e 0 and e 1 are small and if δ (the increase in the probability of ... that the bank continues at date 1. Thus, withdrawals may enforce the early closure of the bank and so provide incentives to the b...

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... regulators and ✐ ✐ “rochet” — 2007/9 /19 — 16 :10 — page 11 1 — #12 3 ✐ ✐ ✐ ✐ ✐ ✐ MACROECONOMIC SHOCKS AND BANKING SUPERVISION 11 1 inside the bank, i.e., between managers and shareholders. Thus, in the first ... 2007/9 /19 — 16 :10 — page 10 4 — #11 6 ✐ ✐ ✐ ✐ ✐ ✐ ✐ ✐ “rochet” — 2007/9 /19 — 16 :10 — page 11 6 — #12 8 ✐ ✐ ✐ ✐ ✐ ✐ 11 6 CHAPTER 4 Since ρ, the macro-exposur...

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... t 12 = t 13 = 1 2 and t 21 = t 31 = 1, t 23 = t 32 = 0. 22 This implies that X 1 = max  1 − D 0 α  1 − (1 −λ)x 1 −λ  x 2 +x 3 2  ;0  (7 .19 ) and X 2 = max  1 − D 0 α [1 − (1 −λ)x 2 −λx 1 ];0  , X 3 = ... −θ) ∞  k =1  θ k (1 − β k ) N − 1 N − 1  ≡ γ div N  D 0 R . (7. 41) Using β k = 1 N  1 −  1 N − 1  k 1  , (7.42) equation (7....

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... Hancock and Kwast (20 01) and Sironi (20 01) . 29 This approach is borrowed from Leland and Toft (19 96) and Ericsson (2000). 30 The average maturity of bonds is thus  +∞ 0 mte −mt dt = 1/ m. 31 The ... but rather the agency problem between the bank and the deposit insurance fund. Indeed, the cost of monitoring is entirely borne by the bank, but the bank...

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... D., and A. M. Santomero. 19 88. Risk in banking and capital regulation. Journal of Finance 43 :12 19–33. Koehn, M., and A. Santomero. 19 80. Regulation of bank capital and portfolio risk. Journal of ... Mella-Barral, and W. Perraudin. 19 97. Optimal bank reorganization and the fair pricing of deposit guarantees. Journal of Banking and Finance 21: 4 41...

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... effective leaders of people; some are changing organizations and others are discussing global strategy. Although there are some overlaps in coaching categories, there are also some vast dif- ferences. ... classification. There are many other ways in which we could have “sliced the pie” of coaching. On the other hand, these five cate- gories are a start. We hope t...

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