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The Decline of Traditional Banking: Implications for Financial Stability and Regulatory Policy

Edwards, Franklin R.; Mishkin, Frederic S. - Federal Reserve Bank <New York, NY>; London School of … - 1995

incentivesof bank managers toward assuming greater risk inan effort to maintain former profit levels. For example,banks might make …

Persistent link: https://www.econbiz.de/10005870357

Universal Banking Failure? An Analysis of the Contrasting Responses of the Amsterdamsche Bank and the Rotterdamsche Bankvereeniging to the Dutch Financial Crisis of the 1920s

Colvin, Christopher Louis - London School of Economics and Political Science - 2007

two similar-sized banks operating in the Netherlands in the 1920s: the Amsterdamsche Bank and the Rotterdamsche … Bankvereeniging. Whilst the first escaped the crisis relatively unscathed, the second required assistance from the Nederlandsche Bank …, the Dutch central bank. A new and detailed narrative of one episode of the crisis using as yet unused primary sources is …

Persistent link: https://www.econbiz.de/10005870562

Evaluation of Value-at-Risk Models Using Historical Data

Hendricks, Darryll - Federal Reserve Bank <New York, NY>; London School of … - 1996

[...]We begin by explaining the three most commoncategories of value-at-risk models—equally weighted movingaverage approaches, exponentially weighted movingaverage approaches, and historical simulation approaches.Although within these three categories many differentapproaches exist, for the...

Persistent link: https://www.econbiz.de/10005870342

House prices, consumption, and monetary policy: a financial accelerator approach

Aoki, Kosuke; Proudman, James; Vlieghe, Gertjan - London School of Economics and Political Science - 2004

We consider a general equilibrium model with frictions in credit markets used by households. Inour economy, houses provide housing services to consumers and serve as collateral to lower borrowingcost.We show that this amplifies and propagates the effect of monetary policy shocks on...

Persistent link: https://www.econbiz.de/10005870369

Capital Flows and Asset Prices

Aoki, Kosuke; Benigno, Gianluca; Kiyotaki, Nobuhiro - London School of Economics and Political Science - 2009

After liberalizing international transactions of financial assets, many countries experiencelarge swings in asset prices, capital flows, and aggregate production. This paper studies howthe adjustment to capital account liberalization depends upon the degree of development of adomestic financial...

Persistent link: https://www.econbiz.de/10005870375

From Sickness to Death: The Financial Viability of the English Friendly Societies And Coming of the Old Age Pensions Act, 1875-1908

Broten, Nicholas - London School of Economics and Political Science - 2010

financial insolvency and by more accurately capturing the financial decisions facing lodges. Results suggest that though the …

Persistent link: https://www.econbiz.de/10005870390

Money, States and Empire: Financial Integration Cycles and Institutional Change in Central Europe, 1400-1520

Chilosi, David; Volckart, Oliver - London School of Economics and Political Science - 2009

By analysing a newly compiled database of exchange rates, this paper finds that Central European financial integration advanced in a cyclical fashion over the fifteenth century. The cycles were associated with changes in the money supply. Long-distance financial integration progressed in...

Persistent link: https://www.econbiz.de/10005870400

Ottoman State Finance: A Study Of Fiscal Deficits and Internal Debt in 1859-63

Kiyotaki, Keiko - London School of Economics and Political Science - 2005

deficits. The deficits were larger than their estimates, to the extent of implying a high risk of the insolvency that actually …

Persistent link: https://www.econbiz.de/10005870571

The Canton of Berne as an Investor on the London Capital Market in the 18th Century

Altorfer-Ong, Stefan - London School of Economics and Political Science - 2004

This paper is a case study about investor behaviour of the government of Berne on capital markets in the 18th century, focussing mainly on London. Economic theory about principal-agent problems and portfolio administration will be used to analyse quantitative and qualitative data from government...

Persistent link: https://www.econbiz.de/10005870577

Social Insurance Regimes: crises and ‘reform’ in the Argentine and Brazil,since c. 1900

Lewis, Colin M.; Lloyd-Sherlock, Peter - London School of Economics and Political Science - 2002

The paper examines the structural and organisational problems of social insurancesystems in Brazil and the Argentine in order to illuminate current debates about pension‘reform’. Much of the present discussion depicts social insurance ‘crisis’ as a modernphenomenon. Similarly,...

Persistent link: https://www.econbiz.de/10005870696