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Challenges to Solvency II Reform in Insurance Industry

Ramosaj, Berim - 2010

Insurance Industry is going through a very important stage of its transformation - the transition from the classical system of management into a risk-based management. These changes were launched in Europe by international organizations which deal with the development of the necessary...

Persistent link: https://www.econbiz.de/10015224286

Theory of financial risk

Estrada, Fernando - 2011

This paper examines relationships between theory of financial risk and size. Based on the work of Makridakis / Taleb [2009] and Taleb / Tapiero [2009], presents the problems of excessive risk and imbalances caused by the size of firms. Markets mixed on firm growth traps externalities can...

Persistent link: https://www.econbiz.de/10015226184

What determines return risks for bank equities in Turkey?

Ozsoz, Emre - 2011

market risk for bank equities in the case of an emerging market setting, Turkey. The analysis reveals that maturity … composition of a bank’s loans, the share of trading income in a banks’ overall revenue stream and foreign-ownership structure are … investors as safer companies to invest in while increases in trading income as a source of bank’s overall revenue increases the …

Persistent link: https://www.econbiz.de/10015229678

Regulation and supervision of microfinance institutions: an example of cooperative credit society

FOUNANOU, Mathurin/M; RATSIMALAHELO, Zaka/Z - 2012

We study the optimal regulation of a cooperative credit society which has private information on the intrinsic quality of its loan portfolio (adverse selection) and where the cooperative’s choice of effort to improve this quality cannot be observed by the regulator (moral hazard). We...

Persistent link: https://www.econbiz.de/10015232565

Mengukur Perkembangan Sektor Keuangan di Indonesia dan Faktor – Faktor yang Mempengaruhi

Mansur, Alfan; Nizar, Muhammad Afdi - 2019

In a number of occasions during the bad times where financial markets are under pressure, Indonesia often suffers the most compared to neighbors or peer countries. It indicates that there is something fundamental as the driving factors and the depth of the Indonesian financial sector may be the...

Persistent link: https://www.econbiz.de/10015265264

Supply-leading or demand-following financial sector and economic development nexus: evidence from data-rich Indonesia

Mansur, Alfan; Nizar, Muhammad Afdi - 2023

Supply-leading theory predicts that the financial sector development precedes economic development while demand-following theory believes that the economy should develop, then the financial sector follows. This study exploits the financial sector and economic development relationship in a...

Persistent link: https://www.econbiz.de/10015270968

Identifying, ranking and tracking systemically important financial institutions (SIFIs), from a global, EU and Eurozone perspective

Masciantonio, Sergio - 2013

This paper develops a methodology to identify systemically important financial institutions building on that developed by the BCBS (2011) and used by the Financial Stability Board in its yearly G-SIFIs identification. This methodology is based on publicly available data, providing fully...

Persistent link: https://www.econbiz.de/10015236918

Identifying and tracking systemically important financial institutions (SIFIs) with public data

Masciantonio, Sergio - 2013

Persistent link: https://www.econbiz.de/10015236954

Credit Rating Inflation: Is It Still Relevant and Who Prices It?

Herpfer, Christoph; Maturana, Gonzalo - 2020

Credit rating agencies (CRAs) are less likely and slower to downgrade firms with performance sensitive debt (PSD) if these downgrades increase borrowing costs. This effect is not driven by selection into PSD contracts, borrowers hiding information from CRAs, or by firms about to lose their...

Persistent link: https://www.econbiz.de/10015252514

Blockchain: A Primer

Dwyer, Gerald P - 2016

The Bitcoin blockchain is the primary innovation in Bitcoin that makes it practical. Blockchains have applications in many contexts other than cryptocurrencies. This note is an introduction to blockchains that requires no prior knowledge, including of Bitcoin. Blockchains are ledgers of...

Persistent link: https://www.econbiz.de/10015254608