The volatility of banks in the financial crisis
... Whereas the real economic activity always has a major impact on volatility, financial leverages’ impact depends on the state of the economy. To clarify, financial leverage is the degree to which an investor or business is using borrowed money. Highly leveraged companies may be at risk of bankruptcy ...
... Whereas the real economic activity always has a major impact on volatility, financial leverages’ impact depends on the state of the economy. To clarify, financial leverage is the degree to which an investor or business is using borrowed money. Highly leveraged companies may be at risk of bankruptcy ...
Transmission of Monetary Policy Impulses on Bank
... through which central bank monetary policy actions are transmitted into changes in the real GDP and inflation [Taylor (1995)]. The MTM commences with monetary policy actions of central banks. Central banks have multiple tools at their disposal to initiate the transmission process with the objective ...
... through which central bank monetary policy actions are transmitted into changes in the real GDP and inflation [Taylor (1995)]. The MTM commences with monetary policy actions of central banks. Central banks have multiple tools at their disposal to initiate the transmission process with the objective ...
Global Financial Stability Report
... Longer-term interest rates have risen, helping to boost earnings of banks and insurance companies. Gains in many asset prices reflect a more optimistic outlook. Equity markets in the United States hit record highs in March on investors’ hopes for tax reform, infrastructure spending, and regulatory r ...
... Longer-term interest rates have risen, helping to boost earnings of banks and insurance companies. Gains in many asset prices reflect a more optimistic outlook. Equity markets in the United States hit record highs in March on investors’ hopes for tax reform, infrastructure spending, and regulatory r ...
Global Financial Stability Report
... Longer-term interest rates have risen, helping to boost earnings of banks and insurance companies. Gains in many asset prices reflect a more optimistic outlook. Equity markets in the United States hit record highs in March on investors’ hopes for tax reform, infrastructure spending, and regulatory r ...
... Longer-term interest rates have risen, helping to boost earnings of banks and insurance companies. Gains in many asset prices reflect a more optimistic outlook. Equity markets in the United States hit record highs in March on investors’ hopes for tax reform, infrastructure spending, and regulatory r ...
What Else Can Central Banks Do? - Economics
... banks can do to stimulate economies when interest rates have reached zero. The authors argue that the negative interest rates and quantitative easing used by central banks in advanced economies since 2009 have been effective and that such policies could be expanded if needed. To lessen future constr ...
... banks can do to stimulate economies when interest rates have reached zero. The authors argue that the negative interest rates and quantitative easing used by central banks in advanced economies since 2009 have been effective and that such policies could be expanded if needed. To lessen future constr ...
Passthrough Efficiency in the Fed`s New Monetary Policy Setting
... distribution of deposit rates. Because of imperfect competition, banks make a tradeoff between volumes and rates, maximizing the product of volume and average net interest margin, net of fees and regulatory shadow prices. In equilibrium, the strategies of slow investors lead them to accept the first ...
... distribution of deposit rates. Because of imperfect competition, banks make a tradeoff between volumes and rates, maximizing the product of volume and average net interest margin, net of fees and regulatory shadow prices. In equilibrium, the strategies of slow investors lead them to accept the first ...
acknowledgement - Entrance Exams Notifications 2017
... The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses. In the 1990s, ICICI transformed its business from a development financial institution offering only project finance to a diversified financial ser ...
... The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses. In the 1990s, ICICI transformed its business from a development financial institution offering only project finance to a diversified financial ser ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... number of highly effective micro finance programs have demonstrated that low-income clients especially women can manage meager resources productively provided the interest rate is relatively low.However, Dale (2014) asserts that over the past decade, a few’ pioneer micro finance institutions have de ...
... number of highly effective micro finance programs have demonstrated that low-income clients especially women can manage meager resources productively provided the interest rate is relatively low.However, Dale (2014) asserts that over the past decade, a few’ pioneer micro finance institutions have de ...
The Impact Of Corporate Governance On The Growth And Development Of Small And Medium Scale Enterprises (Smes) In Nigeria
... It must therefore by emphasize that wherever there is „expectation‟, corporate governance is needed because it is this corporate governance that will close the „expectation gap‟ between those who run the enterprise and the various stakeholders. To Oboh (2004 p.4), what constitutes the quintessential ...
... It must therefore by emphasize that wherever there is „expectation‟, corporate governance is needed because it is this corporate governance that will close the „expectation gap‟ between those who run the enterprise and the various stakeholders. To Oboh (2004 p.4), what constitutes the quintessential ...
Financial Innovation: The Bright and the Dark Sides
... with smaller market shares, lower loan-asset ratios and higher growth rates. This suggests that smaller banks, banks that diversify away from traditional intermediation and faster growing banks are relatively more fragile in countries with higher levels of financial innovation. The relationship betw ...
... with smaller market shares, lower loan-asset ratios and higher growth rates. This suggests that smaller banks, banks that diversify away from traditional intermediation and faster growing banks are relatively more fragile in countries with higher levels of financial innovation. The relationship betw ...
PDF - Deutsche Bank
... Figures may not add up due to rounding differences Incl. policyholder benefits and claims, restructuring costs, impairment of goodwill and other intangible assets where applicable Includes CtA related to Postbank and OpEx Figures differ to previously reported numbers due to methodology change in 1Q2 ...
... Figures may not add up due to rounding differences Incl. policyholder benefits and claims, restructuring costs, impairment of goodwill and other intangible assets where applicable Includes CtA related to Postbank and OpEx Figures differ to previously reported numbers due to methodology change in 1Q2 ...
household debt and unemployment
... results are also in line with the findings of Dobbie and Goldsmith-Pinkham (2015), who find that limited recourse for mortgage debt—i.e. household limited liability—leads to a decrease in the employment rate.7 Brown and Matsa (forthcoming) find that an increase in an employer’s distress results in f ...
... results are also in line with the findings of Dobbie and Goldsmith-Pinkham (2015), who find that limited recourse for mortgage debt—i.e. household limited liability—leads to a decrease in the employment rate.7 Brown and Matsa (forthcoming) find that an increase in an employer’s distress results in f ...
household debt and unemployment
... results are also in line with the findings of Dobbie and Goldsmith-Pinkham (2015), who find that limited recourse for mortgage debt—i.e. household limited liability—leads to a decrease in the employment rate.7 Brown and Matsa (forthcoming) find that an increase in an employer’s distress results in f ...
... results are also in line with the findings of Dobbie and Goldsmith-Pinkham (2015), who find that limited recourse for mortgage debt—i.e. household limited liability—leads to a decrease in the employment rate.7 Brown and Matsa (forthcoming) find that an increase in an employer’s distress results in f ...
Summary Report of External Reviews of Regulatory Function
... come into effect since the Review on Banking Supervision was published in April 2014. The European Central Bank (ECB) established the Single Supervisory Mechanism (SSM) in November 2014. The SSM is a system of financial supervision comprising the ECB and the national competent authorities of partici ...
... come into effect since the Review on Banking Supervision was published in April 2014. The European Central Bank (ECB) established the Single Supervisory Mechanism (SSM) in November 2014. The SSM is a system of financial supervision comprising the ECB and the national competent authorities of partici ...
Rethinking the central bank`s mandate 4
... To limit the harmful effects of the global financial crisis, avoid deflation and maintain an efficient payment and credit system, central banks cut their interest rates sharply. They also took a number of other measures, including lending money to banks and purchasing government bonds and other asse ...
... To limit the harmful effects of the global financial crisis, avoid deflation and maintain an efficient payment and credit system, central banks cut their interest rates sharply. They also took a number of other measures, including lending money to banks and purchasing government bonds and other asse ...
Monthly balance sheet statistics
... average maturity of all instalments. Assets and liabilities which arise as a result of the payment of regular instalments (instalment-based in payment agreements) are to be classified according to the average maturity of all instalments. Assets and liabilities arising from overdraft facilities (such ...
... average maturity of all instalments. Assets and liabilities which arise as a result of the payment of regular instalments (instalment-based in payment agreements) are to be classified according to the average maturity of all instalments. Assets and liabilities arising from overdraft facilities (such ...
Conflicts of Interest in the Financial Services Industry
... Recent corporate scandals and the dramatic decline in the stock market since March 2000 have increased concerns about conflicts of interest in which agents who were supposed to provide the investing public with reliable information had incentives to hide the truth in order to further their own goals ...
... Recent corporate scandals and the dramatic decline in the stock market since March 2000 have increased concerns about conflicts of interest in which agents who were supposed to provide the investing public with reliable information had incentives to hide the truth in order to further their own goals ...
TD Bank Group Reports First Quarter 2017 Results
... From time to time, the Bank (as defined in this document) makes written and/or oral forward-looking statements, including in this document, in other filings with Canadian regulators or the United States (U.S.) Securities and Exchange Commission (SEC), and in other communications. In addition, repres ...
... From time to time, the Bank (as defined in this document) makes written and/or oral forward-looking statements, including in this document, in other filings with Canadian regulators or the United States (U.S.) Securities and Exchange Commission (SEC), and in other communications. In addition, repres ...
Norges Bank Working Paper 2012/18
... high-quality borrowers will prefer to post collateral rather than be screened, even though that may lead to higher loan losses and be inefficient from a social point of view. In contrast, we examine one of the possible circumstances that can work in favor of screening. Since screening provides long- ...
... high-quality borrowers will prefer to post collateral rather than be screened, even though that may lead to higher loan losses and be inefficient from a social point of view. In contrast, we examine one of the possible circumstances that can work in favor of screening. Since screening provides long- ...
Slide 0 - Unicaja
... This document has been prepared by Unicaja Banco, S.A. (“Unicaja Banco”). By attending the meeting where this document is presented, or by reading the slides contained herein, you will be deemed to have: (i) agreed to the following limitations and notifications and made the following undertakings; a ...
... This document has been prepared by Unicaja Banco, S.A. (“Unicaja Banco”). By attending the meeting where this document is presented, or by reading the slides contained herein, you will be deemed to have: (i) agreed to the following limitations and notifications and made the following undertakings; a ...
Money and Monetary Policy - Current Practice
... sometimes referred to as “bank money“, “money stock” or “money supply” but we mostly use the simple term “money”. There are some exceptions to the definition of money. For ...
... sometimes referred to as “bank money“, “money stock” or “money supply” but we mostly use the simple term “money”. There are some exceptions to the definition of money. For ...
Credit Default Swaps and Bank Regulatory Capital
... contracts, sellers of these contracts are not required to hold additional capital to provide the protection because they are typically nonbank financial institutions, such as insurance companies (e.g., AIG), and are thus outside of the reach of bank regulators. Minton, Stulz, and Williamson (2009) f ...
... contracts, sellers of these contracts are not required to hold additional capital to provide the protection because they are typically nonbank financial institutions, such as insurance companies (e.g., AIG), and are thus outside of the reach of bank regulators. Minton, Stulz, and Williamson (2009) f ...
Analysis of Bank Efficiency of Chinese Commercial Banks and the
... méthodologies of financial ratio analysis and stochastic frontier analysis for the period of 1995-2005. The effects of a variety of governance changes have also been differentiated in order to providing policy recommendations for the on-going banking reform. Meanwhile. this study has addressed a num ...
... méthodologies of financial ratio analysis and stochastic frontier analysis for the period of 1995-2005. The effects of a variety of governance changes have also been differentiated in order to providing policy recommendations for the on-going banking reform. Meanwhile. this study has addressed a num ...
Banking Relationships and REIT Capital Structure - DataPro
... (2003). If public debt issuers tend to target leverage to maintain their credit ratings, it is not surprising that REITs with banking relationships have lower leverage.8 Although this result differs from Johnson’s (1998) study of nonREIT firms, such a difference is largely due to the unique characte ...
... (2003). If public debt issuers tend to target leverage to maintain their credit ratings, it is not surprising that REITs with banking relationships have lower leverage.8 Although this result differs from Johnson’s (1998) study of nonREIT firms, such a difference is largely due to the unique characte ...
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.