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Regulating financial networks under uncertainty

Ramírez, Carlos - 2020

I study the problem of regulating a network of interdependent financial institutions that is prone to contagion when …-improving interventions. While improving network transparency potentially reduces this uncertainty, it does not always lead to welfare …) susceptibility of the network to contagion, (ii) the cost of improving network transparency, (iii) the cost of regulating …

Persistent link: https://www.econbiz.de/10012162697

Political institutions and corporate risk-taking : international evidence

Bao, Helen; Cardoza, Rohan - 2022

Persistent link: https://www.econbiz.de/10013279907

Fuleky, Peter; Ventura, Luigi; Zhao, Qianxue - 2016 - Revised version

Persistent link: https://www.econbiz.de/10011541473

The effects of capital requirements on good and bad risk-taking

Pancost, N. Aaron; Robatto, Roberto - 2019

We study optimal capital requirement regulation in a dynamic quantitative model in which nonfinancial firms, as well as households, hold deposits. Firms hold deposits for precautionary reasons and to facilitate the acquisition of production inputs. Our theoretical analysis identifies a novel...

Persistent link: https://www.econbiz.de/10012132611

Extreme risk interdependence

Polanski, Arnold; Stoja, Evarist - 2016

We define tail interdependence as a situation where extreme outcomes for some variables are informative about such outcomes for other variables. We extend the concept of multiinformation to quantify tail interdependence, decompose it into systemic and residual interdependence and measure the...

Persistent link: https://www.econbiz.de/10011974915

Pitfalls of downside performance measures with arbitrary targets

Hoechner, Benedikt; Reichling, Peter; Schulze, Gordon - 2015

Persistent link: https://www.econbiz.de/10011398340

Optimal sourcing orders under supply disruptions and the strategic use of buffer suppliers

Parlane, Sarah; Ying Yi Tsai - 2014

This paper analyses procurement from two, risk-averse, suppliers who are responsible for the timely delivery of some inputs. Their production is subject to inherent disruptions. We characterize the optimal contracts when suppliers can invest to lower the risk of delays that are costly to the...

Persistent link: https://www.econbiz.de/10010418093

When gambling for resurrection is too risky

Kirti, Divya - 2018

Rather than taking on more risk, US insurers hit hard by the crisis pulled back from risk taking, relative to insurers hit less hard by the crisis. Capital requirements alone do not explain this risk reduction: insurers hit hard reduced risk within assets with identical regulatory treatment....

Persistent link: https://www.econbiz.de/10011848370

Rainfall risk and religious membership in the late nineteenth-century United States

Ager, Philipp; Ciccone, Antonio - 2014

Building on the idea that religious communities provide mutual insurance against some idiosyncratic risks, we argue that religious membership is more valuable in societies exposed to greater common risk. In our empirical analysis we exploit rainfall risk as a source of common economic risk in...

Persistent link: https://www.econbiz.de/10011490563

Fuleky, Peter; Ventura, Luigi; Zhao, Qianxue - 2013 - Rev.

Persistent link: https://www.econbiz.de/10010233923