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We characterize policy interventions directed to minimize the cost to the deposit guarantee scheme and the taxpayers of banks with legacy problems. Non-performing loans (NPLs) with low and risky returns create a debt overhang that induces bank owners to forego profitable lending opportunities....
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prove that this problem is, generically, NP-hard. We focus on objective functions generated by systemic risk measures under …
Persistent link: https://www.econbiz.de/10012825191
We characterize policy interventions directed to minimize the cost to the deposit guarantee scheme and the taxpayers of banks with legacy problems. Non-performing loans (NPLs) with low and risky returns create a debt overhang that induces bank owners to forego profitable lending opportunities....
Persistent link: https://www.econbiz.de/10013315059
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The mining industry can be extremely volatile during times of economic downturn. We compare extreme risk in mining … share portfolios from each of the world's seven leading mining areas using Conditional Value at Risk (CVaR) which measures … those risks beyond traditional Value at Risk (VaR) metrics. We also show how CVaR can be used to optimise portfolios and …
Persistent link: https://www.econbiz.de/10013113404
On a very abstract level, an information system consists of a set of system elements which communicate with each other. Communication is an unproductive operation, so the time needed to communicate data should be kept as short as possible and, to put it in monetary terms, the opportunity costs...
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