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Risk Bearing, Implicit Financial Services and Specialization in the Financial Industry
Wang, J. Christina - 2009
This paper makes three points regarding the proper measurement of the output of financial intermediaries. Two of them concern the measurement of nominal financial output, especially banking output. First, we show that, to impute the nominal value of implicitly priced financial output, it is...
Persistent link: https://www.econbiz.de/10012764900
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Risikoorientierte Beurteilung von Infrastrukturprojekten : Einsatz simulationsbasierte Rating- und Bewertungsverfahren
Gleißner, Werner; Alfen, Hans Wilhelm; Riemann, Alexander - In: Risiko-Manager (2011) 6, pp. 22-31
Persistent link: https://www.econbiz.de/10008909426
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"Rating kann eigenes Research nicht ersetzen"
Everling, Oliver; Hartmann-Wendels, Thomas; Schäffler, … - In: Risiko-Manager (2009) 4, pp. 22-23
Persistent link: https://www.econbiz.de/10003806295
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Wirkungsketten im Risikomanagement : Abbildung von Wechselwirkungen zwischen Risikofaktoren
Klauck, Kai-Oliver; Wünnemann, Christoph - In: Risiko-Manager (2010) 7, pp. 20-24
Persistent link: https://www.econbiz.de/10003953868
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Rating-Evidenz und Risikosimulation in strukturellen Modellen : Risikomanagement und Rating
Gleißner, Werner; Bemmann, Martin - In: Risiko-Manager (2008) 17, pp. 1,6-12
Persistent link: https://www.econbiz.de/10003743357
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Risiko-Manager / Special
Köln : Bank-Verl. - 2008,1-2; damit Ersch. eingest.
Persistent link: https://www.econbiz.de/10003701678
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Outside and Inside Liquidity
Bolton, Patrick - 2010
We consider a model of liquidity demand arising from a possible maturity mismatch between asset revenues and consumption. This liquidity demand can be met with either cash reserves (inside liquidity) or via asset sales for cash (outside liquidity). The question we address is, what determines the...
Persistent link: https://www.econbiz.de/10012757585
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The Credit Ratings Game
Bolton, Patrick - 2010
interest of Credit Rating Agencies (CRAs). We model both the CRA conflict of understating credit risk to attract more business … (conditional on the same equilibrium CRA rating policy) than having a monopoly CRA, in terms of both total ex-ante surplus and … payments for rating services (before CRAs propose a rating to the issuer) combined with mandatory disclosure of any rating …
Persistent link: https://www.econbiz.de/10012757875
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Liquidity Production in 21st Century Banking
Strahan, Philip E. - 2010
I consider banks' role in providing funding liquidity (the ability to raise cash on demand) and market liquidity (the ability to trade assets at low cost), and how these roles have evolved. Traditional banks made illiquid loans funded with liquid deposits, thus producing funding liquidity on the...
Persistent link: https://www.econbiz.de/10012759533
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Financing Development : The Role of Information Costs
Greenwood, Jeremy - 2010
How does technological progress in financial intermediation affect the economy? To address this question a costly-state verification framework is embedded into a standard growth model. In particular, financial intermediaries can invest resources to monitor the returns earned by firms. The...
Persistent link: https://www.econbiz.de/10012760093