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-risikoorientierte Kennziffer wie die Leverage Ratio (bilanzielles Eigenkapital zu Geschäftsvolumen) die zentrale Kennzahl für die Bankenaufsicht …
Persistent link: https://www.econbiz.de/10011693538
Markus Demary, Institut der deutschen Wirtschaft Köln, plädiert für eine zweigeteilte Einführung der Bankenunion, für ausreichend kapitalisierte und für unterkapitalisierte Banken. Letztere sollten der EZB Restrukturierungspläne vorlegen, die diese genehmigen muss. Eine Abwicklung sollte...
Persistent link: https://www.econbiz.de/10011693581
The present paper explores the possibility of forecasting company liquidity based on testing the coefficient of … variability. Secondly, it analyzes static and dynamic liquidity measures to ascertain which are better at prediction in the … and has not been dramatically affected by the crisis, and we believe that our research may reveal some liquidity …
Persistent link: https://www.econbiz.de/10011551408
factor premiums are present after accounting for liquidity constraints. Fourth, we check whether the factor premiums are …, but they disappear after accounting for transaction costs and liquidity. …
Persistent link: https://www.econbiz.de/10011551459
We study non-stationary dynamic decentralized markets with adverse selection in which trade is bilateral and prices are determined by bargaining. Examples include labor markets, housing markets, and markets for financial assets. We characterize equilibrium, and identify the dynamics of...
Persistent link: https://www.econbiz.de/10011599579
state to compensate agents for their relative lack of liquidity. Second, since the difference in the yield of short and long … liquidity. …
Persistent link: https://www.econbiz.de/10011599588
highlights the importance of liquidity spirals that arise from the interaction of search frictions and endogenous credit …
Persistent link: https://www.econbiz.de/10011599701
The concept of financial liquidity is not very straight, as it has various aspects, although generally it refers to the … current assets and liabilities management. Financial liquidity together with profitability are the core categories of … financial liquidity may negatively influence the company profitability. If the company is to liquid in the static sense than it …
Persistent link: https://www.econbiz.de/10010289521
role in overcoming liquidity problems of business entities due to difficult and late payments as well as long-term billing …. Businesses face the challenge of addressing liquidity-related financial difficulties, particularly in the context of dynamic … overcome the problem of liquidity of business entities and as a model of financing, especially for small and medium …
Persistent link: https://www.econbiz.de/10011994715
This paper discusses how to introduce liquidity into the well known mean-variance framework of portfolio selection … using a representative sample of Spanish equity portfolios. Either by estimating mean-variance liquidity constrained … frontiers or directly estimating optimal portfolios for alternative levels of risk aversion and preference for liquidity, we …
Persistent link: https://www.econbiz.de/10010317124