Showing 1 - 10 of 44
The most fundamental form of systemic risk in modern financial networks is contagion. In this article we describe a homogeneous banking system (banks with identical preferences and the same size of total assets) with interconnectedness: banks own shares in each others' assets. Using these...
Persistent link: https://www.econbiz.de/10011444397
The most fundamental form of systemic risk in modern financial networks is contagion. In this article we describe a homogeneous banking system (banks with identical preferences and the same size of total assets) with interconnectedness: banks own shares in each others' assets. Using these...
Persistent link: https://www.econbiz.de/10010481795
Persistent link: https://www.econbiz.de/10000005869
There have been significant changes in the financing of early-stage innovative companies since the beginning of this decade. The importance of institutional venture capital funds' investments declined in financing startups and early-stage ventures. At the same time, alternative sources of...
Persistent link: https://www.econbiz.de/10012290301
The paper considers a model in which limited liability causes an asset substitution problem for banks. The problem can at times become so severe that the current regulatory framework – based on a combination of effectively full deposit insurance, minimum capital requirements and prudential...
Persistent link: https://www.econbiz.de/10005423682
The paper provides evidence on what affects at the margin the cost and availability of bank credit for firms in … informational asymmetries in the credit market. Some private information is transferable, like balance sheet data. Private … bank credit and the number of credit lines in a bank. We also consider public information available in the Central de …
Persistent link: https://www.econbiz.de/10005668752
The financing of innovation impacts on economic growth. What’s, among bank-based or market-based system, the best organizational form? The paper supports the view that both forms have to be merged into a unique approach (law and finance view) embracing not only the overall quality of the...
Persistent link: https://www.econbiz.de/10008643971
There have been significant changes in the financing of early-stage innovative companies since the beginning of this decade. The importance of institutional venture capital funds' investments declined in financing startups and early-stage ventures. At the same time, alternative sources of...
Persistent link: https://www.econbiz.de/10012176022
Hungarian Abstract: Dolgozatom témája a Debreceni Gyógyfürdő Kft. és a Hajdúszoboszlói Gyógyfürdő Rt. 1997 és 2002 közötti tevékenységének elemzése az éves beszámolókból nyert pénzügyi mutatószámok segítségével
Persistent link: https://www.econbiz.de/10013045239
Since 2006, the law has changed in a way that the expected wage of the employers has to be at least the double of the minimum wage. The employers who pay less than this amount to their employees are more likely to be audited by the tax authority. According to my hypothesis this change has...
Persistent link: https://www.econbiz.de/10010494709