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The events of the last few years revealed an acute need for tools to systematically model and analyze large financial networks. Many applications of such tools include the forecasting of systemic failures and analyzing probable effects of economic policy decisions. We consider optimizing the...
Persistent link: https://www.econbiz.de/10013100565
Financial failures observed during global financial crisis have again underlined the importance of effective risk management. In this article, the author analyzes the best instrument, namely self discipline, official discipline and market discipline, for the effective risk management. In the...
Persistent link: https://www.econbiz.de/10013102359
, depositors, and regulators in connection with bank insolvency may corrupt banks' credit allocation and monitoring decisions, and … regulatory insolvency has a cathartic effect using a large firm-level dataset and proposing a new indicator to measure the … about causality and potential endogeneity which are usually inherent to research into the real economic implications of bank …
Persistent link: https://www.econbiz.de/10013087590
insolvency resolutions have changed substantially under FDICIA. The average interval between bank examinations has dropped for … outcome of individual bank examinations, this paper documents that the frequency of rating transitions and the character of … insolvency-resolution process. Consistent with an hypothesis that FDICIA has improved incentives, our data show that a markedly …
Persistent link: https://www.econbiz.de/10013071216
framework for the functional analysis of bank insolvency regimes and, against this background, analyses a package of reforms …
Persistent link: https://www.econbiz.de/10013051051
This article analyzes bank bankruptcy regimes across 142 countries. By employing factor analysis, we identify five main … dimensions of bank bankruptcy frameworks: (1) Difficulty of forbearance & ease of court appeal, (2) Availability of supervisory … bank bankruptcy frameworks: a court-led and administrative bank bankruptcy regime. Administrative bank bankruptcy regimes …
Persistent link: https://www.econbiz.de/10013051266
This article analyzes bank bankruptcy regimes across 142 countries. By employing factor analysis, we identify five main … dimensions of bank bankruptcy frameworks: (1) Difficulty of forbearance & ease of court appeal, (2) Availability of supervisory … bank bankruptcy frameworks: a court-led and administrative bank bankruptcy regime. Administrative bank bankruptcy regimes …
Persistent link: https://www.econbiz.de/10013053081
the BRRD's bank resolution rules and remain applicable to bank insolvency situations where specific bank resolution rules … do not apply. The relationship between bank resolution rules and normal insolvency law will therefore remain an important …The European Bank Recovery and Resolution Directive (“BRRD”) is a specialised area of law for bank failures, with …
Persistent link: https://www.econbiz.de/10013054004
financing policies, and the exposure of bank assets to crashes. The effect of the prevailing insolvency resolution mechanism … (IRM) on the probability of insolvency, loss in default, and the net value created by the bank suggests no single IRM is a …We present a dynamic, continuous-time model in which risk averse inside equityholders set a bank's lending, payout, and …
Persistent link: https://www.econbiz.de/10012900014
The bank's insolvency is also interesting from the aspect of the persons liable for such a situation.Following the path … of the liability for the bank's insolvency, the regulation of bank's insolvency procedure is consistent with the … contributed to the insolvency of the bank, by any of the actions limitedly provided under the law.This analysis deals with special …
Persistent link: https://www.econbiz.de/10013061356