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Bank capital regulation in a zero interest environment
Döttling, Robin - 2020
How do near-zero interest rates affect optimal bank capital regulation and risk-taking? I study this question in a dynamic model, in which forward-looking banks compete imperfectly for deposit funding, but households do not accept negative deposit rates. When deposit rates are constrained by the...
Persistent link: https://www.econbiz.de/10012241108
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Optimal Monetary Provisions in Plural Form Franchise Systems : A Theoretical Model of Incentives with Two Risk-Averse Agents
Lanchimba, Cintya - 2013
Empirical studies show that most franchise chains use dual distribution - or a plural form franchise system - characterized by the coexistence of franchised units and company-owned retail units in the same distribution network. Therefore, this paper focuses on dual distribution and considers the...
Persistent link: https://www.econbiz.de/10014157197
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Credible Delegation
Corts, Kenneth S.; Neher, Darwin V. - 2006
commitment even when contracts are unobservable (or renegotiable) if and only if multilateral delegation is combined with … decentralized ownership of the agent firms. In this case, the possibility of renegotiation of other agents' contracts constrains the … set of contracts acceptable to each agent. Delegation may induce more or less aggressive behavior, depending on the nature …
Persistent link: https://www.econbiz.de/10014027325
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The individual monetary valuation of online hotel ratings
Evangelinos, Christos; Obermeyer, Andy; Bartel, Aaron - 2020
We test the impact of online hotel ratings on the customers' hotel choice using a binary choice experiment where the online rating score is one of the hotels' attributes. Results show that online rating scores have a positive and significant impact on hotel choice. We also calculate the...
Persistent link: https://www.econbiz.de/10012208690
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Credibility and time inconsistency in a stochastic world
Currie, David A.; Levine, Paul - 1986
Persistent link: https://www.econbiz.de/10000688811
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Dynamic Macroeconomic Convergence in the West Africa Monetary Zone (WAMZ)
Adam, Anokye M. - 2014
The paper empirically investigates the issue of macroeconomic convergence in the West Africa Monetary Zone (WAMZ) using monthly data from 1990:01 to 2010:05 as part of the ongoing discussion on the single currency for West Africa, The ECO initiative. The study specifically examines exchange and...
Persistent link: https://www.econbiz.de/10013066595
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The US Fed and the Bank of England : ownership, structure, and "independence"
Howells, Peter G. A. - In: International journal of political economy : a journal … 42 (2013) 3, pp. 44-62
Persistent link: https://www.econbiz.de/10010389043
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Trade Credit and Monetary Policy in the UK : An Empirical Investigation
Wilson, Nick - 2008
The credit channel of monetary transmission suggests that monetary tightening results in a contraction of the supply of credit to firms who borrow via financial intermediaries. However, according to Meltzer (1960), the existence of an inter-firm credit flow appears to favour those firms most...
Persistent link: https://www.econbiz.de/10012727532
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Transparency
Marino, Anthony M. - 2019
This paper considers a simple hidden action agency problem where the principal has hidden information concerning the agent's utility of cash flow or cash flow, the agent's effort productivity, or the agent's cost of effort. The question is whether the principal should precommit to disclosing...
Persistent link: https://www.econbiz.de/10014162014
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Finance : environment and decisions
Christy, George A.; Roden, Peyton F. - 1973
Persistent link: https://www.econbiz.de/10000039702