منابع مشابه
Bank Regulation and Deposit Insurance
The subject of government bank regulation is intimately intertwined with that of government deposit insurance. If the government is to insure bank deposits, it should also have some say in the risks that insured banks are allowed to take, otherwise it would leave itself wide open to unlimited potential losses. John H. Kareken (in this issue) comes close to arguing that banks without government ...
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How to design bank capital requirements when banks can misreport the value of their assets? We show that the answer depends critically on the existence of secondary markets for bank assets. Without secondary markets, capital requirements based on banks’reporting are more socially desirable than a fixed capital requirement if savings on costly bank capital are suffi ciently high. Yet with second...
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This paper studies the consequences of a regulatory pay cap in proportion to assets on bank risk, bank value, and bank asset allocations. The cap is shown to lower banks’ risk and raise banks’ values by acting against a competitive externality in the labour market. The risk reduction is achieved without the possibility of reduced lending from a Tier 1 increase. The cap encourages diversificatio...
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Local search (LS) methods heuristically find a solution for constraint satisfaction problems (CSP). LS starts the search for a solution from a random assignment. LS then examines the neighbours of this assignment to determine a better neighbour valuation to move to. It repeats this process of moving from the current assignment to a better assignment until it finds a solution that satisfies all ...
متن کاملCentral 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...
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ژورنال
عنوان ژورنال: Economy & finance
سال: 2020
ISSN: 2415-9379
DOI: 10.33908/ef.2020.4.1