Tenuous Financial Stability

Mechanical stability of tenuous objects

2014 Low-density structures such as colloidal aggregates become increasingly easy to deform mechanically as their size increases. We use recently-proposed scaling properties of such aggregates to investigate the effects of thermal fluctuations and of gravitational forces on such structures. For typical colloidal aggregates, made of 100 A particles, the diameter may not exceed 103 to 104 particl...

Competition and Financial Stability

Competition in the Þnancial sector is more complex than in the rest of the economy. On the one hand, concentration in the banking industry reduces (static) efficiency as it does in any industry. On the other hand, concentration may also affect the stability of the banking industry in ways that have no counterpart in other industries. In this paper we consider a variety of models of competition ...

Monitoring Financial System Stability

Securitisation and Financial Stability*

A widespread opinion before the credit crisis of 2007/8 was that securitisation enhances financial stability by dispersing credit risk. After the credit crisis, securitisation was blamed for allowing the hot potato of bad loans to be passed to unsuspecting investors. Both views miss the endogeneity of credit supply. Securitisation enables credit expansion through higher leverage of the financia...

3.10.1 Financial stability

Most recent evidence is provided for fiscal years 2009 through 2013 where the University experienced consistent growth in Net Assets, Operating Revenues, Endowment Investments, Capital Investments and Bond Indebtedness. The University’s Statement of Changes in Net Assets (SRECNA), [1] Statement of Unrestricted Net Assets (SUNA), [2] as well as the Statement of Net Assets (SNA) [3] and operation...