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Among the international policy institutions, the Bank for International Settlements (BIS) is known for its sensitivity to financial stability issues. Attention to the "macro-prudential" dimension of financial stability is very typical for the BIS. The Bank's macro-prudential approach first came...
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framework now looks more problematic, at least for oil supplies. The underlying level of risk that characterised the oil market …
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This paper explores how to incorporate banks' capital structure and risk-taking into models of production. In doing so … companies. Modeling the bank's objective as value maximization conveniently incorporates both market-priced risk and expected … on how banks' capital structure and risk-taking is modeled. In particular, when equity capital, in addition to debt, is …
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