We argue that risk sharing motivates the bank-wide structure of bonus pay. In the presence of financial frictions that make external financing costly, the optimal contract between shareholders and employees involves some degree of risk sharing whereby bonus pay partially absorbs earnings shocks....

This paper examines how managers at the top of a public institution, central bank executives, allocate their working time. Using detailed information from personal diaries of the six members of the European Central Bank's Executive Board over a period of two years, we codify and analyze more...

Introduction -- Research Localities and Research Methodology -- Locality, Power and Career Opportunity -- City Connectivity, Mobility and Translocality -- Workplace, Culture and Career Mobility: Gender Dynamics in Banks -- Work and Family: Cooperation and Resistance -- Conclusions: Gender,...

This paper discusses how the bankers' acceptance (BA) market in Canada is organized and its essential link to the Canadian Dollar Offered Rate (CDOR). Globally, BAs are a niche product used only in a limited number of jurisdictions. In Canada, BAs provide a key source of funding for small and...

We investigate the (unintended) effects of bank executive compensation regulation. Capping the share of variable compensation did not induce an executive director exodus from EU banking because banks raised fixed compensation sufficiently to retain executives. However, risk-adjusted bank...

We study if the regulation of bank executive compensation has unintended consequences. Based on novel data on CEO and non-CEO executives in EU banking, we show that capping the variable-to-fixed compensation ratio did not induce executives to abandon the industry. Banks indemnified executives...

Introduction: global finance and the inequality of hegemony -- Life in the city: space, place and inequality -- Inside the boys' club of global finance -- Gender, space and family -- Exclusive communities -- A community in crisis redundancy and the game of elite finance -- Conclusion: the city...

Verlagsinfo: À data da sua morte, em 2004, António Champalimaud construíra uma fortuna incomparável entre os mais ricos de Portugal. Aos 19 anos pegara nos negócios do pai e multiplicara o seu valor várias vezes com apostas bem-sucedidas na banca, cimentos e seguros. A sua vida foi, no...

Chapter 1. The bankers -- Chapter 2. The Parodi Bankers -- Chapter 3. Banking Institutions -- Chapter 4. Financial intermediation: the Rothschilds and the private bankers in the Kingdom of Sardinia -- Chapter 5. Private bankers in the economic and political system of unified Italy -- Chapter 6....

The book analyses the role of private bankers who were pivotal in modernizing the economic and financial system of Italy in the XIX century. To achieve this they needed to interact with the international haute banque to organize and place the public loans and the large investments associated...

We assemble a novel dataset on transitions in central bank leadership in several countries, and study how monetary policy is conducted around those events. We find that policy is tighter both at the last meetings of departing governors and first meetings of incoming leaders. This finding cannot...

"Fund Managers: The Complete Guide constitutes an all-encompassing overview of the asset manager right across the world, set against the backdrop of the last decade's recovery from the banking crisis and the recent technology boom, coupled with more recent political fluctuations that have...

Dreißig Jahre nach seiner Ermordung: ein neuer Blick auf Alfred Herrhausen. Er war geprägt von der Erziehung an einer NS-Eliteschule, verwurzelt im rheinischen Kapitalismus, vernetzt mit den Spitzen von Politik und Wirtschaft - und zugleich war Alfred Herrhausen seiner Zeit immer voraus. Seine...

Prologue: "With devouring fury" -- "Large, wild, fiery, black" -- "In mirth and refutation; in ridicule and laughter" -- "Vive la guillotine" -- The literary banker -- "The ruin inflicted on innocent creditors" -- "The young gentleman out of Miss Austen's novels" -- A death in India -- The...

Das internationale Bankensystem stand in den vergangenen Jahren im Fokus des öffentlichen Interesses. Bei der Diskussion möglicher Optionen zur Verbesserung der Finanzsystemstabilität rückt zunehmend die Corporate Governance in Banken in den Fokus. Der vorliegende Forschungsbericht widmet...

Das internationale Bankensystem stand in den vergangenen Jahren im Fokus des öffentlichen Interesses. Bei der Diskussion möglicher Optionen zur Verbesserung der Finanzsystemstabilität rückt zunehmend die Corporate Governance in Banken in den Fokus. Der vorliegende Forschungsbericht widmet...

Das internationale Bankensystem stand in den vergangenen Jahren im Fokus des öffentlichen Interesses. Bei der Diskussion möglicher Optionen zur Verbesserung der Finanzsystemstabilität rückt zunehmend die Corporate Governance in Banken in den Fokus. Der vorliegende Forschungsbericht widmet...

Quatrième de couverture : Préserver les milliards des avoirs de retraite des employés des Nations Unies de la débâcle de Wall Street. Aider les réfugiés palestiniens à constituer un fonds de pension solide. Lutter contre la faim dans le monde avec une fondation aux côtés de Bill Gates....