Why Are there So Many Banking Crises? The Politics and Policy of Bank Regulation phần 8 potx

... 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 time t = 1 of an insolvent bank does not ... Review 81 :497–513. Calomiris, C. W., and J. R. Mason. 1997. Contagion and bank failures during the Great Depression: the June 1932 Chicago banking panic. Ameri...

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...

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... 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 most recent...

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... 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 ra...

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... 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 ... the first version of the model there are only two protagonists: 5 the “banker” (who represents the collective interests of the bank s managers an...

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... 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 ... BIS Working Paper 88 , Basel, Switzerland. Furlong, F., and M. Keeley. 1 989 . Bank capital regulation and risk taking: a note. Journal of Banking and Financ...

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... 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...

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... 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 ... 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 depos...

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... D., and A. M. Santomero. 1 988 . Risk in banking and capital regulation. Journal of Finance 43:1219–33. Koehn, M., and A. Santomero. 1 980 . 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 o...

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... opportunities, the politics, or the fray, the beauty of the situation, the humor, the opportunities, and what it means for them. • Define the identity they personally want to hold in the world and the identity ... company, based on the changes they are trying to implement. When the maps are com- pleted, we discuss and adjust them with the client and then...

Ngày tải lên: 09/08/2014, 16:21