Why Are there So Many Banking Crises? The Politics and Policy of Bank Regulation phần 4 doc

... 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

... 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 capital requirements and the intensity of supervision. ... F., and N. Keeley. 1990. A reexamination of mean–variance analysis of bank capital regulation. Journal of Banking and Finance 14( 1):69– 84....

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 ... 16:10 — page2—# 14 ✐ ✐ ✐ ✐ ✐ ✐ 2 GENERAL INTRODUCTION AND OUTLINE OF THE BOOK Why Are there So Many Banking Crises? Part 1...

Ngày tải lên: 10/08/2014, 07:21

... — 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 approach ... average the fiscal cost of each of these recent banking crises was of the order of 12% of the country’s GDP but exceeded 40 % in some of the m...

Ngày tải lên: 10/08/2014, 07:21

... 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) are large. ... R ∗ is a decreasing function of the liquidity ratio m and the solvency (E/I) of the bank, of the critical withdrawal probability γ,...

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 indu...

Ngày tải lên: 10/08/2014, 07:21

... on the value of the deposits in the other banks. Similarly, an increase in the fraction of travelers spreads on the other banks a larger fraction of the loss due to the insolvency of one bank. ... pass part of their losses to other banks through the interbank market. We now compare the two systems for given values of λ and N. We then compare the exposure to...

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 ... now turn to the other side of the relationship between efficiency and stability of the banking system, and investigate under which conditions the closure at tim...

Ngày tải lên: 10/08/2014, 07:21

... of a constrained bank; C, new 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 ... firms. Figure 9.2 represents the typical pattern of the value of the bank s equity E, as a function of the value A of its assets, in the case where deposi...

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