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This paper investigates the incentives for banks to bias their internally generated risk estimates. We are able to … estimate bank biases at the credit level by comparing bank-generated risk estimates within loan syndicates. The biases are … credits. In addition, we find that low-capital banks' risk estimates have less explanatory power than those of high …
Persistent link: https://www.econbiz.de/10013039623
This paper investigates the incentives for banks to bias their internally generated risk estimates. We are able to … estimate bank biases at the credit-level by comparing bank generated risk estimates within loan syndicates. The biases are … addition, we find that low-capital banks' risk estimates have less explanatory power than those of high-capital banks with …
Persistent link: https://www.econbiz.de/10013040590
Relying on a standard formulation of dynamic models of pollution abatement, we propose a competition among countries committed to maximize their respective welfare without any form of agreement. When there exists a threshold level for the stock of pollution above which a catastrophe occurs, it...
Persistent link: https://www.econbiz.de/10013111357
Persistent link: https://www.econbiz.de/10000954674
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Persistent link: https://www.econbiz.de/10009550835
This paper presents opportunities for applying von Neumann – Morgenstern utility function as an instrument for choosing an alternative to overcome crisis of the organization. Choice between fuzzy triangular alternatives by means of definite (crisp) von Neumann – Morgenstern utility function...
Persistent link: https://www.econbiz.de/10012959584
In this paper, foreign aid transfers can distort individual incentives, and hence hurt growth, by encouraging rent …
Persistent link: https://www.econbiz.de/10011402546
Persistent link: https://www.econbiz.de/10008701710