Why Are there So Many Banking Crises? The Politics and Policy of Bank Regulation phần 10 docx

... 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. ... the increasing complexity of banking activities, and the impossibility for banking super- visors to monitor in detail these activities. It is the...

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

... — 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 ... 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 mos...

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

... 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 indust...

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. ... Systems of the Central Banks of the G10 Countries, Basel. Bank for International Settlements. 1990. Report of the Committee on Inter- bank Netting Schemes of...

Ngày tải lên: 10/08/2014, 07:21

... 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 ... 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 two banks. Proof. To p...

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... which the bank declares bankruptcy) 23 and the shirking threshold A S (below which the bank shirks) are chosen by bankers so as to maxi- mize the value of equity. The reason why shirking is sometimes ... 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...

Ngày tải lên: 10/08/2014, 07:21

... percent Whether the coach and the coachee get along—71 percent Analysis and Discussion: Coaching experience and area of expert- ise, along with reputation, combined with the ability of the coachee and the ... values, and risks. If we want to protect and enhance the future of coaching we need to do a better job of educating the consumer about the standards...

Ngày tải lên: 09/08/2014, 16:21