the financial system
A schematic view of government as regulator and insurer of the financial system
... In the words of Graph A, at the beginning of 2000, the scope of the financial system reached a high level on the Y1 axis, and the global universal bank became ...
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Transparency in the Financial System: Rollover Risk and Crises
... that the optimal disclosure policy depends on the average quality of banks in the financial ...When the average quality is high enough that investors are willing to rollover their ...
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ADB's Distinguished Speakers Program Measuring the Connectedness of the Financial System: Implications for Risk Management
... of the payments on this, whatever it is, loan, mortgage, or so forth, from the US government, what is this combined instrument functionally? It’s a risk-free asset in ...if the issuer of this bond, ...
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Financial Symmetry and Moods in the Market
... why financial symmetry breaking is taking place, corresponding to the financial system moving from one state (or mood), where randomness in price movements obey no-arbitrage conditions, into ...
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The Role of Complementarity and the Financial Liberalization in the Financial Crisis
... in the following way. In the next section, we provide details on the theoretical background and the computation of the complementary ...discusses the data and defines the ...
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Financial Development, Financial Instability and Poverty
... for the headcount index we used the GDP per capita in constant 1993 USD at PPP provided by the World ...are financial development and financial ...of the poverty measure and ...
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The Financial Impact of Longevity Risk
... affecting financial insti ...is the case for many in France, Japan, and the United Kingdom) large and continuous longevity increases have a potentially substantial financial ...Without ...
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The performance of banks during the financial crisis
... both the explanatory power and the significance of our ...during the recovery phase as investors were looking back at stocks able to benefit from stock markets rally and from clement funding ...
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The East Asian Financial Crisis 1997-1998
... mismatch: the traditional maturity mismatch of the banking sector (borrowing short and lending long) was particularly acute in these countries as banks used a lot of short-term interbank ...
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Financial intermediation and the rights offer paradox
... First, the fact that the offering is held in order to acquire another company or to invest in a specified project reduces the difference between transaction price and intrinsic value of ...if ...
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(DT-654) Updating of the Financial Rules
... of the RPGD, the Institute shall issue requests to the public for three or more written offers for any type of contract with a value of more than ...US$30,000. The Director of Administration ...
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The regulatory practice of the French financial regulator, 2006-2011. From substantive to procedural financial regulation?
... Furthermore, the normativity of law extends beyond the scope of the market and enters into the internal organization of ...with the main arguments of law and organization analysts such ...
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Financial structure in the age of Globalization
... L’archive ouverte pluridisciplinaire HAL, est destinée au dépôt et à la diffusion de documents scientifiques de niveau recherche, publiés ou non, émanant des établissements d’enseignemen[r] ...
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Financial Consumption and the Cost of Finance: Measuring Financial Efficiency in Europe (1950-2007)
... with the role of banks in capital allocation, Germany is also known for its so-called universal ...banks. The main characteristic of universal banking is that it follows companies all along their live, ...
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Financial integration and financial development in transition economies: what happens during financial crises?
... in the supply of finance and thus a smaller amplification of the business cycle through the finance-growth ...words, financial integration stimulates a steadier provision of finance through ...
22
Financial Flows and the International Monetary System
... as the main sources of potential gains from financial integration follow- ing the insights of the textbook neoclassical growth ...But the quantitative evaluation of these models shows ...
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Financial Symmetry and Moods in the Market
... stresses the importance to look at interactions among agents when trying to explain whether aggregate decisions are based on past price trend (speculative state), or on expected future dividends (fundamental ...
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Jumps in the Volatility of Financial Markets
... that the conditional variance of financial returns may exhibit sudden ...particular the conditional variance. Simulation results show that the procedure provides reasonable estimates of ...
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The Global Financial Crisis and the European Integration Project
... But the costs of giving up the provision of financial assistance to the Euro-Med countries and possibly Ireland would be more than just the loss on the value of holdings of ...
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Financial Globalization, Financial Frictions and Optimal Monetary Policy
... shows the dynamic response of selected variables to a 1% productivity shock in the domestic ...falls. The increase in output brings about an increase in non-durable and durable consumption ...demand. ...
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