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Incentives for Effective Risk Management

Daníelsson, Jón; Jorgensen, Bjørn N.; de Vries, Casper G. - 2001

standard approach subsequent to becoming regulated, i.e., the presence of regulation may induce a bank to decrease the quality …

Persistent link: https://www.econbiz.de/10010324867

Credit Rationing Effects of Credit Value-at-Risk

Slijkerman, Jan Frederik; Smant, David J.C.; de Vries, … - 2004

asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem … of low quality, i.e. high risk, loans and therefore reduces the risk of the bank loan portfolio. However, CVaR regulation … welfare. CVaR regulation also affects the operation of monetary policy. …

Persistent link: https://www.econbiz.de/10010325499

The EURO, Prudent Coherence?

Arnold, Ivo J.M.; de Vries, Casper G. - 1998

A flurry of recent articles has argued on the basis of constructed European widemonetary aggregates that the demand for EURO's will be more stable than thecurrent demand for national currencies. In policy circles this seeminglymoderating effect of monetary integration figures as an additional...

Persistent link: https://www.econbiz.de/10010324454

Endogenous Financial Structure and the Transmission of ECB Policy

Arnold, Ivo J.M.; de Vries, Casper G. - 1999

There is a widely held view that existing differences in the capital and moneymarket structures across EMU countries are an important matter of concern forthe ECB, because they might hinder the uniform transmission of monetary policyactions. We argue that many aspects of financial structure are...

Persistent link: https://www.econbiz.de/10010324631

The Forex Regime and EMU Expansion

van Foreest, Pieter W.; de Vries, Casper G. - 2002

This paper provides evidence that the choice of the foreign exchange regime is not of first order importance for achieving high output growth. It is argued that due to the forward looking nature of the foreign exchange market, exchange rate stability hinges on the current and anticipated...

Persistent link: https://www.econbiz.de/10010324808