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One of the many miracles of Victorian Britain’s market economy was that it worked most efficiently when it was left to regulate itself – or at least, this is what the great majority of Victorians believed. The prevailing economic orthodoxy throughout the nineteenth century assumed, following...
Persistent link: https://www.econbiz.de/10005870941
mule spindlescould exploit arbitrage opportunities between different types of cotton in theLiverpool market, reducing the … incentives to adopt rings. We use newly assembledprice data to show that such cost-reducing arbitrage opportunities were small …
Persistent link: https://www.econbiz.de/10005870603
The 1990s were characterized by substantial financial sectorconsolidation across a large number of industrializedcountries...
Persistent link: https://www.econbiz.de/10005869393
, centralbanks have made extensive use of both new and existing toolsfor supplying central bank money to financial institutions …
Persistent link: https://www.econbiz.de/10005869394
),1 which leads to “fire-sale”–related pecuniaryexternalities; and bank interconnectedness (Allen and Gale2000; Kahn and Santos …
Persistent link: https://www.econbiz.de/10005869397
modelof the behavior of parties, which for simplicity we refer to asbanks. Each bank has particular motivations and …
Persistent link: https://www.econbiz.de/10005869402
bankingindustry. This goal is served by taking a broad view of thepayments business and analyzing information provided bylarge bank …
Persistent link: https://www.econbiz.de/10005870063
length of time between bank examinations affects thequality of information available to supervisors. For thesepurposes, we … condition of a bank. Our analysisassumes that examination information incorporates twotypes of data: information available from … information that can be obtained onlythrough on-site examinations, such as confidential informationabout a bank’s troubled assets …
Persistent link: https://www.econbiz.de/10005870064
[...]We address several questions in this paper. First,how could macro markets be useful to the average person?Second, how large are the potential benefits from diversificationif these markets were to be introduced andused optimally? Third, can existing financial marketsachieve a similar degree...
Persistent link: https://www.econbiz.de/10005870065
[...]The most obvious possible, and undesirable,impact on bank behaviour of risk-weighted capital requirementsis that …
Persistent link: https://www.econbiz.de/10005870067