Why Are there So Many Banking Crises? The Politics and Policy of Bank Regulation phần 9 pps

... alleged role of risk-based capital ratios in the “credit crunch” of the early 199 0s is discussed in Bernanke and Lown ( 199 1), Berger and Udell ( 199 4), Peek and Rosengren ( 199 5), and Thakor ( 199 6). 3 For ... al. ( 199 9), and Santos (2000). 6 Discussions of this issue can be found in Berger and Udell ( 199 4), Thakor ( 199 6), Jackson et al. ( 199 9), and Santo...

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 ... Credit and Banking 26:4 39 59. Peek, J., and E. Rosengren. 199 5. Bank capital regulation and the credit crunch. Journal of Ba...

Ngày tải lên: 10/08/2014, 07:21

... Switzerland. Furlong, F., and M. Keeley. 198 9. Bank capital regulation and risk taking: a note. Journal of Banking and Finance 13:883 91 . Gorton, G., and A. Santomero. 199 0. Market discipline and bank ... Journal of Money, Credit and Banking 22:1 19 28. Goodfriend, M., and J. Lacker. 199 9. Loan commitment and central bank lending. Federal Reserve Bank of...

Ngày tải lên: 10/08/2014, 07:21

... major banks. Others have studied contagion through the flow of deposits (Saunders and Wilson 199 6) and using historical data (Gorton 198 8; Schoenmaker 199 6; Calomiris and Mason 199 7). Whatever 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 oth...

Ngày tải lên: 10/08/2014, 07:21

... — 2007 /9/ 19 — 16:10 — page 29 — #41 ✐ ✐ ✐ ✐ ✐ ✐ WHY ARE THERE SO MANY BANKING CRISES? 29 Economists have examined several questions. For example, the evalu- ation of the social cost of these crises ... 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 b...

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

... 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

... Journal of Economics 10:141–56. Saunders, A., and B. Wilson. 199 6. Contagious bank runs: evidence from the 192 9– 193 3 period. Journal of Financial Intermediation 5:4 09 23. Schoenmaker, D. 199 6. Contagion ... on the subject (Kahane 197 7; Koehn and Santomero 198 0; Kim and Santomero 198 8), who made the same assumption as Hart and Jaffee ( 197 4). There is an exogeno...

Ngày tải lên: 10/08/2014, 07:21

... that most of the theoretical literature (e.g., Furlong and Keeley 199 0; Kim and Santomero 198 8; Koehn and Santomero 198 0; Rochet 199 2; Thakor 199 6) has focused on the distortion of banks’ asset ... Keeley. 199 0. A reexamination of mean–variance analysis of bank capital regulation. Journal of Banking and Finance 14(1): 69 84. Gennotte, G., and D. Pyle. 199 1....

Ngày tải lên: 10/08/2014, 07:21

... because they are in a transition, either moving from one level in an organization to another, or resolving some problem between the fit of their current skills and abilities, and the demands of their ... its capabilities. The coach stays in the background and shadows the actual play- ers. Rather than being the focal point of the process, the coach seeks out the...

Ngày tải lên: 09/08/2014, 16:21