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The aim of this study is to review what we know about depositors' behavior, using empirical observations and experimental data. I find that both fundamental problems and coordination failures between depositors explain depositors' behavior and therefore the emergence of bank runs. I show that...
Persistent link: https://www.econbiz.de/10012011994
The so called classic model of tax compliance behaviour interprets the problem as an individual decision under risk …
Persistent link: https://www.econbiz.de/10011584827
dynamics of investment in the transforming Chinese economy. Our analysis focuses on the period before and after the global … crisis. We interpret investment dynamics in a comparative party-state model concept framework. We point out that … network are interlinked during the transformation of the party-state. Finally, we will reveal that behind swings of investment …
Persistent link: https://www.econbiz.de/10011686515
The outset for this thesis is the contemporary risk management concept of Enterprise Risk Management (ERM). ERM has for … life. The idea of managing or controlling risk is however not new. The development of statistics and the calculation of … perspective of classical risk management, transformed uncertainty into predictable risk. Such linkages are utilized in many places …
Persistent link: https://www.econbiz.de/10012130400
The 2016 Nobel Memorial Prize in Economic Sciences was awarded to Oliver Hart and Bengt Holmström for their work on contract theory. Contract theory is a subfield of game theory where the conflict between the owner - the principal - and the CEO - or agent - is at the centre of interest. In the...
Persistent link: https://www.econbiz.de/10011588720
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If Janossy's theory should concisely be drafted, one might say that he had been researching the "real carrier of economic development" in a very original way and having formulated his theory in a specific language. He managed to identify the "carrier" of development focusing on the systematic...
Persistent link: https://www.econbiz.de/10003935473
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This paper takes a first step in analysing how a monetary union performs in the presence of labour market asymmetries. Differences in wage flexibility, market power and country sizes are allowed for in a setting with both country-specific and aggregate shocks. The implications of asymmetries for...
Persistent link: https://www.econbiz.de/10003721206