COULD TIGHTER PRUDENTIAL REGULATION HAVE SAVED THAILAND'S BANKS?

Banks' internal risk management models and their prudential recognition

65 Banks' internal risk management models and their prudential recognition The Basle Market Risk Paper,1 which amended the Basle Capital Accord of 1988, requires internationally operating banks to apply capital charges to their market price risks2 as well as to their counterparty risks as from December 31, 1997. One reason is the sharply growing importance of off-balancesheet business; in Germa...

DISCOVERY OF THE CAUSES OF SCURVY: Could Artificial Intelligence have saved a few centuries?

Historical observations of cases of scurvy have been collected in the medical literature and given as inputs to the symbolic induction system CHARADE. The rules which were produced by the system simulate well the explanation given to scurvy in the 17th and 18th centuries. However, the results tend to show the importance of the implicit knowledge of the scientists, or their induction bias, to ex...

Central Bank Independence and Macro- prudential Regulation

We consider the optimality of various institutional arrangements for agencies that conduct macro-prudential regulation and monetary policy. When a central bank is in charge of price and financial stability, a new time inconsistency problem may arise. Ex-ante, the central bank chooses the socially optimal level of inflation. Ex-post, however, the central bank chooses inflation above the social o...

How Much Could Be Saved with Improved Education ?

Could Morality Have