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An Incentive Problem in the Dynamic Theory of Banking

Thadden, Ernst-Ludwig von - 2000

This paper develops a continuous-time model of liquidity provision by banks, in which customers can deposit and withdraw their funds strategically ...

Persistent link: https://www.econbiz.de/10005843240

The US dollar shortage in global banking and the international policy response

McGuire, Patrick M.; Peter, Goetz von - Bank for International Settlements / Monetary and … - 2009

policy response. Using the BIS international banking statistics, we reconstruct the worldwide consolidated balance sheets of … the major national banking systems. This allows us to investigate the structure of banks' global operations across their … misleading guide to where the vulnerabilities faced by that country's national banking system (or residents) lie. It then focuses …

Persistent link: https://www.econbiz.de/10009138467

Weltwirtschaftskrise 2009:Notwendige wirtschaftspolitische Schritte zurÜberwindung einer Bilanzrezession

Schreyer, Markus - Friedrich-Ebert-Stiftung / Abteilung Wirtschafts- und … - 2009

Die internationale Finanzkrise ist aufdem besten Wege, sich zu einer weltweitenWirtschaftskrise zu entwickeln.Bei dem sich abzeichnenden schwerenAbschwung handelt es sich nicht um einegewöhnliche Rezession, sondern um eineBilanzrezession. In dieser stößt eineexpansive Geldpolitik schnell an...

Persistent link: https://www.econbiz.de/10005865951

The price of liquidity:bank characteristics and market conditions

Fecht, Falko; Nyborg, Kjell G.; Rochol, Jörg - Deutsche Bundesbank <Frankfurt, Main> / … - 2008

We study differences in the price paid for liquidity across banks using price data atthe individual bank level. Unique to this paper, we also have data on individualbanks’ reserve requirements and actual reserve holdings, thus allowing us to gaugethe extent to which a bank is short or long...

Persistent link: https://www.econbiz.de/10005866158

Bank Insolvencies, RegulatoryForbearance and Ambiguity

Vinogradov, Dmitri V. - Alfred-Weber-Institut für Sozial- und … - 2006

Banking regulators often practice forbearance and ambiguity in insolvency resolutions. The paperexamines the effects of …

Persistent link: https://www.econbiz.de/10005868460

Certainty Equivalent in Capital Markets

Kruschwitz, Lutz; Löffler, Andreas - 2003

We generalize the classical concept of a certainty equivalent to a model where an investor can trade on a capital market with several future trading dates.We show that if a riskless asset is traded and the investor has a CARA utility then our generalized certainty equivalent can be evaluated...

Persistent link: https://www.econbiz.de/10005842089

Das Standardmodell unter Unsicherheit ist ökonomisch unsinnig

Löffler, Andreas - 2003

Kapitalkosten um den Faktor (1-s) gekürzt, wobei s den Steuersatz darstellt. In dieser Arbeit wird das Standardmodell unter … eine Arbitragegelegenheit kreiert wird und der gerade erwähnte Zusammenhang von Vor- und Nach-Steuer-Kapitalkosten nicht …

Persistent link: https://www.econbiz.de/10005842090

Strategic Trading Behavior and Price Distortion in a Manipulated Market: Anatomy of a Squeeze

Merrick, John J. Jr.; Naik, Narayan Y.; Yadav, Pradeep K. - 2004

In diesem Papier wird das Handelsverhalten großer Marktteilnehmer während des Versuchs einer künstlich erzeugten Marktknappheit untersucht. Wir betrachten den in London gehandelten Bond-Future Kontrakt. Unter Verwendung der Cash- und Future-Transaktionen von Händlern und Kunden untersuchen...

Persistent link: https://www.econbiz.de/10005854242

The ‘Labour Question’ in Nineteenth Century Brazil: railways, export agriculture and labour scarcity

Lamounier, Lucia - London School of Economics and Political Science - 2000

This paper examines changing patterns of labour relations innineteenth-century Brazil associated with the building of railways andexpansion of export agriculture. It addresses the 1850s-1880s period,decades when the `labour question' became a pressing issue forcontemporaries. The extinction of...

Persistent link: https://www.econbiz.de/10005870751

Nutrition and Economic Destitution in Northern Ghana, 1930-1957. A Historical Perspective on Nutritional Economics

Destombes, Jerôme - London School of Economics and Political Science - 1999

[...]This research takes Iliffe’s suggestion seriously. For the student of Sub-Saharan Africa who has decided to explore a plausible route of causationbetween nutrition and poverty, the most urgent task is to disregard the initialdiscouragement triggered by the scarcity of references. The lack...

Persistent link: https://www.econbiz.de/10005870780

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