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This article has a following thesis: changes in banking and a role of banks in real economy in last years, give an argument for treating banks as public good. Banks received a great support from governments as a result of the subprime crisis. G-20 and European Commission recommended new...
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Both investors and borrowers are concerned about liquidity. Investors desire liquidity because they are uncertain about … when they will want to eliminate their holding of a financial asset. Borrowers are concerned about liquidity because they … compensation for the illiquidity investors will be subject to. We argue that banks can resolve these liquidity problems that arise …
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Both investors and borrowers are concerned about liquidity. Investors desire liquidity because they are uncertain about … when they will want to eliminate their holding of a financial asset. Borrowers are concerned about liquidity because they … compensation for the illiquidity investors will be subject to. We argue that banks can resolve these liquidity problems that arise …
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Die vorliegende Arbeit sucht mögliche Wege, einige Kernfragen der Bankenregulierung anzugehen. Zunächst analysieren wir … Liquiditätsrisikos begründet. Wir zeigen, dass die unregulierte Ökonomie in einer Bankenkrise endet, wenn ein schwerer negativer … makroökonomischer Schock diese Ökonomie erschüttert. Die grossen Wohlfahrtsverluste, die durch die Bankenkrise verursacht werden, geben …
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