Why Are there So Many Banking Crises? The Politics and Policy of Bank Regulation phần 3 pptx

... 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 success) and ∆β (the reduction in the probability of solvency) ... comparative statics of R ∗ (and of the probability of failure) can be summarized as follows: (i) R ∗ is a decreasing function of the liquidity r...

Ngày tải lên: 10/08/2014, 07:21

... 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 ... INTRODUCTION AND OUTLINE OF THE BOOK Why Are there So Many Banking Crises? Part 1 contains a nontechnical presentation of t...

Ngày tải lên: 10/08/2014, 07:21

... 16:10 — page 31 — # 43 ✐ ✐ ✐ ✐ ✐ ✐ WHY ARE THERE SO MANY BANKING CRISES? 31 the activities of all banks. This feature is illustrated by the failure of the Basel Committee to impose the standardized ... history of deposit insurance in the United States, see FDIC (1998). ✐ ✐ “rochet” — 2007/9/19 — 16:10 — page 33 — #45 ✐ ✐ ✐ ✐ ✐ ✐ WHY ARE THERE SO MANY...

Ngày tải lên: 10/08/2014, 07:21

... predecessor, the LLR of the twenty- first century lies at the intersection of monetary policy, supervision and regulation of the banking industry, and organization of the interbank market. The issue ... externalities between the CB, interbank markets, and the banking supervisor. When supervision is not perfect, so that the insolvent bank cannot be det...

Ngày tải lên: 10/08/2014, 07:21

... between the banks and the DIF on the one hand, and pure public supervision on the other hand. Proposition 4 .3. A purely private organization of the banking sector leads to too many closures in the ... purchased at the price of government exposure and bank 6 There is ample evidence on the existence and relevance of peer monitoring in the banking indus...

Ngày tải lên: 10/08/2014, 07:21

... discipline. Proof. See the appendix (section 7.7). When the 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 ... Two of the possible solutions are the use of collaterals previously supplied by bank j (as on CHIPS, see below) and the granting of liquidity loans by the...

Ngày tải lên: 10/08/2014, 07:21

... the liquidation of bank 1 triggers the liquidation of all other banks (too-big-to-fail). (ii) If λ>2α/D 0 , liquidation of banks 2 or 3 does not trigger the liquidation of either of the other ... 81:497–5 13. Calomiris, C. W., and J. R. Mason. 1997. Contagion and bank failures during the Great Depression: the June 1 932 Chicago banking panic. American Eco...

Ngày tải lên: 10/08/2014, 07:21

... choice of the same bank. In this example the failure probability of the constrained bank has increased after the imposition of the capital requirement. On the other hand, if the risk weights are ... but the bank is left unregulated. The closure threshold A E (below which the bank declares bankruptcy) 23 and the shirking threshold A S (below which the...

Ngày tải lên: 10/08/2014, 07:21

... D., and A. M. Santomero. 1988. Risk in banking and capital regulation. Journal of Finance 43: 1219 33 . Koehn, M., and A. Santomero. 1980. Regulation of bank capital and portfolio risk. Journal of ... contingent on the level of risk chosen by the bank. Then they examine the complementarity between two policy instruments of bank regulators: the level of...

Ngày tải lên: 10/08/2014, 07:21

... Easy solutions reduce the power potential of the change. Part II looks at the human dynamic of the relationship and the means by which the coach leads the coachee to the depth of understanding ... leaders are operating at their best they: Model the Way Leaders find their voice by clarifying their personal values and then express- ing those values in their own sty...

Ngày tải lên: 09/08/2014, 16:21