Investment in Relationship-Specific Assets: Does Finance Matter?∗
... other side. In this paper, we look at the role of banks in encouraging value-enhancing interactions between …rms in the real economy. We provide empirical evidence consistent with a strong banking sector promoting economic growth by alleviating the information asymmetries between …rms buying and sup ...
... other side. In this paper, we look at the role of banks in encouraging value-enhancing interactions between …rms in the real economy. We provide empirical evidence consistent with a strong banking sector promoting economic growth by alleviating the information asymmetries between …rms buying and sup ...
Bank runs: A comparison between two English liquidity crises
... 2.5.1 Overend, Gurney & Company’s History ........................................................................... 37 2.5.2 The Bank of England’s Response of 1866 ......................................................................... 38 2.5.3 A Comparison through Time ......................... ...
... 2.5.1 Overend, Gurney & Company’s History ........................................................................... 37 2.5.2 The Bank of England’s Response of 1866 ......................................................................... 38 2.5.3 A Comparison through Time ......................... ...
Instruments of the Money Market - Richmond Fed
... Eurodollar CDs are also sold to other banks in the London interbank market. The major issuers of Eurodollar CDs are the branches of major U.S., Japanese, Canadian, continental banks, and the British clearing banks. While there are no data available on the amount of Eurodollar CDs outstanding, there ...
... Eurodollar CDs are also sold to other banks in the London interbank market. The major issuers of Eurodollar CDs are the branches of major U.S., Japanese, Canadian, continental banks, and the British clearing banks. While there are no data available on the amount of Eurodollar CDs outstanding, there ...
A Policy Model to Analyze Macroprudential Regulations and Monetary Policy 2014-6
... focuses on the balance-sheet position of the lenders (e.g., banks), and how this can impact their funding conditions and loan supply. In particular, better-capitalized banks are able to attract funds at cheaper rates, which allows them to lend to households and businesses at reduced rates. This cha ...
... focuses on the balance-sheet position of the lenders (e.g., banks), and how this can impact their funding conditions and loan supply. In particular, better-capitalized banks are able to attract funds at cheaper rates, which allows them to lend to households and businesses at reduced rates. This cha ...
RBI/FMRD/2016-17/32 FMRD. Master Direction No. 2/2016
... Department, Reserve Bank of India, Central Office, Fort, Mumbai-400 001 (email) in the format as given in Annex V of this Direction. g. IPAs shall also report all instances of buyback of CPs undertaken by the issuer to the Chief General Manager, Financial Markets Regulation Department, Reserve Bank ...
... Department, Reserve Bank of India, Central Office, Fort, Mumbai-400 001 (email) in the format as given in Annex V of this Direction. g. IPAs shall also report all instances of buyback of CPs undertaken by the issuer to the Chief General Manager, Financial Markets Regulation Department, Reserve Bank ...
Wholesale Banking and Bank Runs in Macroeconomic Modelling of
... Gertler and Kiyotaki (2011), which had a similar two-fold objective: …rst, present a canonical framework to review progress that has been made and, second, chart a new direction. That paper characterized how existing …nancial accelerator models that featured …rm level balance sheet constraints could ...
... Gertler and Kiyotaki (2011), which had a similar two-fold objective: …rst, present a canonical framework to review progress that has been made and, second, chart a new direction. That paper characterized how existing …nancial accelerator models that featured …rm level balance sheet constraints could ...
2006 results announcement
... small business service, fee-income based business and other innovative business areas so as to carry forward our strategic ...
... small business service, fee-income based business and other innovative business areas so as to carry forward our strategic ...
Questioni di Economia e Finanza
... To reduce the risks from sovereigns, macroeconomic surveillance was reinforced. The ‘six-pack’, ‘two pack’ and ‘fiscal compact’ introduced deep changes. 6 The debt rule became operational (almost twenty years after the Maastricht Treaty) 7 and an expenditure benchmark flanked the structural balance ...
... To reduce the risks from sovereigns, macroeconomic surveillance was reinforced. The ‘six-pack’, ‘two pack’ and ‘fiscal compact’ introduced deep changes. 6 The debt rule became operational (almost twenty years after the Maastricht Treaty) 7 and an expenditure benchmark flanked the structural balance ...
A Yen is not a Yen: TIBOR/LIBOR and the `Japan Premium`
... decline. In turn, bank asset growth began to shrink and the quality of bank loans and balance sheets turned downward. While the situation deteriorated in the early 1990s, the government authorities were reluctant to step in and make substantive changes as they were waiting for a revival of economic ...
... decline. In turn, bank asset growth began to shrink and the quality of bank loans and balance sheets turned downward. While the situation deteriorated in the early 1990s, the government authorities were reluctant to step in and make substantive changes as they were waiting for a revival of economic ...
Dissertação Final
... an exclusive outside financier, their Housebank. It can be defined as the premier lender to a firm. It has more relevant and timelier information than other bank and is more committed to its client, enlarging their role as financier if the firm faces unexpected and temporary difficulties. Neverthele ...
... an exclusive outside financier, their Housebank. It can be defined as the premier lender to a firm. It has more relevant and timelier information than other bank and is more committed to its client, enlarging their role as financier if the firm faces unexpected and temporary difficulties. Neverthele ...
Debt Overhang and Recapitalization in Closed and Open Economies
... reap all expected efficiency gains and the indebted country cannot gain from buying back its debt. It is also important to understand why debt overhang happens in the first place. An insight of the theoretical literature of the past 20 years is that financial contracts – and debt in particular – ar ...
... reap all expected efficiency gains and the indebted country cannot gain from buying back its debt. It is also important to understand why debt overhang happens in the first place. An insight of the theoretical literature of the past 20 years is that financial contracts – and debt in particular – ar ...
Plan Investments in Bank Collective Investment Funds
... applicable banking and other regulations and laws governing its trust activities, including the management of its CIFs. OCC banking regulations require that CIFs be audited at least once every 12 months by auditors responsible only to the bank’s board of directors. The regulations do not specify tha ...
... applicable banking and other regulations and laws governing its trust activities, including the management of its CIFs. OCC banking regulations require that CIFs be audited at least once every 12 months by auditors responsible only to the bank’s board of directors. The regulations do not specify tha ...
Cumulative impact of financial regulation in Sweden
... TLAC/MREL on top of the recently adopted LCR, NSFR, LR, mortgage risk floors, systemic risk buffer, capital conservation buffer, countercyclical capital buffer and pillar II requirements. We suggest that such proposals may lead to substantial costs for the Swedish economy. Key facts supporting this ...
... TLAC/MREL on top of the recently adopted LCR, NSFR, LR, mortgage risk floors, systemic risk buffer, capital conservation buffer, countercyclical capital buffer and pillar II requirements. We suggest that such proposals may lead to substantial costs for the Swedish economy. Key facts supporting this ...
Non-interest income and total income stability
... and may well, as is certainly the case for trustee business, have been largely unaffected by the economic cycle. As fee-based activity of banks has increased, this conventional wisdom may no longer be justified. De Young and Roland (1999), in a paper correlating product mix with earnings volatility ...
... and may well, as is certainly the case for trustee business, have been largely unaffected by the economic cycle. As fee-based activity of banks has increased, this conventional wisdom may no longer be justified. De Young and Roland (1999), in a paper correlating product mix with earnings volatility ...
Journal of Financial Stability A theory of systemic risk and design of
... nature of the externalities described above. This equilibrium characterization of systemic risk is the first contribution of the paper. We call such behavior as systemic risk-shifting since it can be viewed as a multi-agent counterpart of the risk-shifting phenomenon studied in corporate finance by Je ...
... nature of the externalities described above. This equilibrium characterization of systemic risk is the first contribution of the paper. We call such behavior as systemic risk-shifting since it can be viewed as a multi-agent counterpart of the risk-shifting phenomenon studied in corporate finance by Je ...
`The Alignment of Monetary Policy and Banking Regulations in Belize`
... suggestions on how the business sector can stimulate the economy.’ (2009) Retrieved from the Central Bank of Belize Official Website on July 15th, 2014:
... suggestions on how the business sector can stimulate the economy.’ (2009) Retrieved from the Central Bank of Belize Official Website on July 15th, 2014:
What is an Interest Rate Risk?
... instruments with otherwise similar re-pricing characteristics. Optionally, arising from the express or implied options embedded in many bank assets, liabilities and off balance sheet portfolios. Although such risk is a normal part of banking, excessive interest rate risk can pose a significant threa ...
... instruments with otherwise similar re-pricing characteristics. Optionally, arising from the express or implied options embedded in many bank assets, liabilities and off balance sheet portfolios. Although such risk is a normal part of banking, excessive interest rate risk can pose a significant threa ...
Why Does Brazil`s Banking Sector Need Public Banks?
... regulatory systems had been considered as “best practice” and formed the basis for recommendations to developing countries seeking to liberalize and expand their domestic financial markets. Once more, the crisis fatally discredited notions that free-market economies are inherently stable. It discred ...
... regulatory systems had been considered as “best practice” and formed the basis for recommendations to developing countries seeking to liberalize and expand their domestic financial markets. Once more, the crisis fatally discredited notions that free-market economies are inherently stable. It discred ...
Assessing bank competition for consumer loans
... and consumer loans in both size and borrower sophistication. Consumers are viewed as less informed in financial matters and so are the focus of most state and federal legislation, as well as regulatory concern. Consumer loans in this paper comprise loans to individuals for household, family, and oth ...
... and consumer loans in both size and borrower sophistication. Consumers are viewed as less informed in financial matters and so are the focus of most state and federal legislation, as well as regulatory concern. Consumer loans in this paper comprise loans to individuals for household, family, and oth ...
December
... this ratio was flat till March 2011. The GNPA ratio has been persistently rising since then. The trend is not uniform across bank – groups. It is possible that boom period credit disbursal was associated with less stringent credit appraisal, amongst various other factors that affected credit quality ...
... this ratio was flat till March 2011. The GNPA ratio has been persistently rising since then. The trend is not uniform across bank – groups. It is possible that boom period credit disbursal was associated with less stringent credit appraisal, amongst various other factors that affected credit quality ...
Money Market Operations in China: Monetary Policy or
... transaction, and b) has a total of sixteen categories from overnight to 1-year, many more than CHIBOR7. In recent years, CBPRs (3M & 1Y) have also become important referential rates in money markets, due to the increasing amount of central bank paper issuance. Under the strong influence of the PBOC, ...
... transaction, and b) has a total of sixteen categories from overnight to 1-year, many more than CHIBOR7. In recent years, CBPRs (3M & 1Y) have also become important referential rates in money markets, due to the increasing amount of central bank paper issuance. Under the strong influence of the PBOC, ...
Lessons from the Historical Use of Reserve Requirements in the
... (1860) suggested that confidence about the reserve likely affected banks’ willingness to use it. In particular, he argued that banks in New Orleans were required by law to maintain a higher reserve than those in other large cities (Boston in particular) and that the populace of New Orleans, knowing th ...
... (1860) suggested that confidence about the reserve likely affected banks’ willingness to use it. In particular, he argued that banks in New Orleans were required by law to maintain a higher reserve than those in other large cities (Boston in particular) and that the populace of New Orleans, knowing th ...
effectiveness and limitations of monetary policy instruments in
... the money demand and supply. An increase of the RRMO – deflationary measure - has an impact in reducing lending at the level of commercial banks, to which the amount of money will be decreased, therefore so will the bank liquidity and the economic activity. To revive the lending, the minimal reserve ...
... the money demand and supply. An increase of the RRMO – deflationary measure - has an impact in reducing lending at the level of commercial banks, to which the amount of money will be decreased, therefore so will the bank liquidity and the economic activity. To revive the lending, the minimal reserve ...
How to Liberate America from Wall Street Rule
... This report addresses issues and options largely ignored by the current public conversation on financial reform. It confronts the need to not simply fix or reform Wall Street but rather to create a Main Street-based money and banking system accountable to local communities and responsive to their ne ...
... This report addresses issues and options largely ignored by the current public conversation on financial reform. It confronts the need to not simply fix or reform Wall Street but rather to create a Main Street-based money and banking system accountable to local communities and responsive to their ne ...
Bank
A bank is a financial intermediary that creates credit by lending money to a borrower, thereby creating a corresponding deposit on the bank's balance sheet. Lending activities can be performed either directly or indirectly through capital markets. Due to their importance in the financial system and influence on national economies, banks are highly regulated in most countries. Most nations have institutionalized a system known as fractional reserve banking under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, known as the Basel Accords.Banking in its modern sense evolved in the 14th century in the rich cities of Renaissance Italy but in many ways was a continuation of ideas and concepts of credit and lending that had their roots in the ancient world. In the history of banking, a number of banking dynasties — notably, the Medicis, the Fuggers, the Welsers, the Berenbergs and the Rothschilds — have played a central role over many centuries. The oldest existing retail bank is Monte dei Paschi di Siena, while the oldest existing merchant bank is Berenberg Bank.