Banking & Insurance最新文献_第4页

Do Driving Habits Amplify Road Risk? 驾驶习惯会增加道路风险吗?

Banking & Insurance Pub Date : 2009-07-07 DOI: 10.2139/ssrn.1430912

Mériem Maatig

引用次数: 0

World Bank Policy Research: A Historical Overview 世界银行政策研究:历史综述

Banking & Insurance Pub Date : 2009-07-01 DOI: 10.1596/1813-9450-5000

J. Dethier

{"title":"World Bank Policy Research: A Historical Overview","authors":"J. Dethier","doi":"10.1596/1813-9450-5000","DOIUrl":"https://doi.org/10.1596/1813-9450-5000","url":null,"abstract":"The World Bank is a leading intellectual institution on development. It is a world leader in analytical studies in areas including poverty measurement, delivery of social services, impact evaluation, measurement of development outcomes, international trade and migration. It is also a leader in development data, including the Living Standard Measurement Surveys; the enterprise surveys, and the International Price Comparison Project. World Bank research is resolutely empirical and policy oriented. By both learning from past policies and operations and thinking critically about future policies, research plays a critical role in the formulation of policy advice to developing countries. This paper reviews the intellectual and institutional forces that have shaped research at the World Bank since the latter started lending to developing countries in the early 1950s. It provides an overview of the shifts in development economics that have influenced Bank research and briefly surveys the changes in research organization, structure and approach. The first section, after a short introduction, examines the shifts in positive and normative views about development during the past half century that have influenced Bank thinking. The Bank itself has been an active participant in the rise and fall of long-lived development dogmas about the nature of development; the most appropriate policies and actions for achieving it; and the respective roles of government and markets. The second section examines how the World Bank has adapted its organization to keep abreast of emerging issues and produce relevant policy research of good quality. On the one hand, the Bank has experienced several reorganizations that have affected the research unit(s) as well as its relationship with operational units. On the other hand, the Banks research units themselves have been reorganized at several junctures, leading to new priorities and new means of achieving them.","PeriodicalId":315176,"journal":{"name":"Banking & Insurance","volume":"125 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123901974","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 8

The Shadow Banking System: Implications for Financial Regulation 影子银行体系:对金融监管的启示

Banking & Insurance Pub Date : 2009-07-01 DOI: 10.2139/ssrn.1441324

T. Adrian, H. Shin

{"title":"The Shadow Banking System: Implications for Financial Regulation","authors":"T. Adrian, H. Shin","doi":"10.2139/ssrn.1441324","DOIUrl":"https://doi.org/10.2139/ssrn.1441324","url":null,"abstract":"The current financial crisis has highlighted the growing importance of the \"shadow banking system,\" which grew out of the securitization of assets and the integration of banking with capital market developments. This trend has been most pronounced in the United States, but it has had a profound influence on the global financial system. In a market-based financial system, banking and capital market developments are inseparable: Funding conditions are closely tied to fluctuations in the leverage of market-based financial intermediaries. Growth in the balance sheets of these intermediaries provides a sense of the availability of credit, while contractions of their balance sheets have tended to precede the onset of financial crises. Securitization was intended as a way to transfer credit risk to those better able to absorb losses, but instead it increased the fragility of the entire financial system by allowing banks and other intermediaries to \"leverage up\" by buying one another's securities. In the new, post-crisis financial system, the role of securitization will likely be held in check by more stringent financial regulation and by the recognition that it is important to prevent excessive leverage and maturity mismatch, both of which can undermine financial stability.","PeriodicalId":315176,"journal":{"name":"Banking & Insurance","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131241285","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 14

Why Don't Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures, and Securitization 为什么贷款人不重新协商更多的住房抵押贷款?重新默认，自我修复和证券化

Banking & Insurance Pub Date : 2009-07-01 DOI: 10.2139/ssrn.1433777

Manuel Adelino, Kristopher Gerardi, P. Willen

引用次数: 293

Bank Competition, Risk and Asset Allocations 银行竞争、风险和资产配置

Banking & Insurance Pub Date : 2009-07-01 DOI: 10.5089/9781451872903.001.A001

Gianni De Nicoló, J. Boyd, A. Jalal

引用次数: 115

How the Financial Crisis Affects Pensions and Insurance and Why the Impacts Matter 金融危机如何影响养老金和保险?为什么影响重要

Banking & Insurance Pub Date : 2009-07-01 DOI: 10.5089/9781451872989.001.A001

G. Impavido, Ian Tower

引用次数: 60

Asymmetric Information and Loan Spreads in Russia: Evidence from Syndicated Loans 信息不对称与俄罗斯贷款息差:来自银团贷款的证据

Banking & Insurance Pub Date : 2009-06-26 DOI: 10.2139/ssrn.1428239

Zuzana Fungáčová, Christophe J. Godlewski, L. Weill

{"title":"Asymmetric Information and Loan Spreads in Russia: Evidence from Syndicated Loans","authors":"Zuzana Fungáčová, Christophe J. Godlewski, L. Weill","doi":"10.2139/ssrn.1428239","DOIUrl":"https://doi.org/10.2139/ssrn.1428239","url":null,"abstract":"This paper considers whether local bank participation exerts an impact on the spreads for syndicated loans in Russia. Following Berger, Klapper and Udell (2001), we test whether local banks possess a superior ability to deal with information asymmetries. Using a sample of 528 syndicated loans to Russian borrowers, we perform regressions of the spread on a set of variables including information on local bank participation and the characteristics of loans and borrowers. Unlike earlier studies, we distinguish foreign banks with a local presence from those without such presence. The intuition here is that a local presence may influence a foreign bank’s monitoring ability and access to information about borrowers. We observe no significant impact on the spread when there is local bank participation in a syndicated loan, nor do we find any significant influence of the presence of domestic-owned banks or foreign-owned banks on the spread. Additional estimations considering subsamples with exacerbated information asymmetries provide similar results. Therefore our conclusion is that local banks do not benefit from an advantage in monitoring ability and in information in Russia.","PeriodicalId":315176,"journal":{"name":"Banking & Insurance","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121213530","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 11

Electronic Trading of Distressed Bank Loans 不良银行贷款的电子交易

Banking & Insurance Pub Date : 2009-06-16 DOI: 10.2139/SSRN.1420702

R. Manickam

引用次数: 0

A Global Liquidity Factor for Fixed Income Pricing 固定收益定价的全球流动性因素

Banking & Insurance Pub Date : 2009-06-13 DOI: 10.2139/ssrn.1316820

Andreas Gintschel, Christian Wiehenkamp

引用次数: 2

Financial Regulation and the Current Crisis: A Guide for the Antitrust Community 金融监管与当前危机:反垄断界指南

Banking & Insurance Pub Date : 2009-06-11 DOI: 10.2139/SSRN.1426188

L. White

{"title":"Financial Regulation and the Current Crisis: A Guide for the Antitrust Community","authors":"L. White","doi":"10.2139/SSRN.1426188","DOIUrl":"https://doi.org/10.2139/SSRN.1426188","url":null,"abstract":"The U.S. financial crisis of 2007-2008 has been a searing experience. The popping of a housing bubble exposed the subprime lending debacle, which in turn created a wider financial crisis. In its response to this crisis, the federal government has provided financial assistance to a number of financial institutions that are often described as 'too big to fail' (TBTF) – which, to those who associate antitrust with size, seems to bring antitrust potentially into the picture. This paper will offer a guide to the antitrust community that will cover the U.S. financial sector, financial regulation, and the debacle and subsequent financial crisis. The tensions that can arise between financial regulation and antitrust will be highlighted. TBTF is not one of them, however, because TBTF is about size and interconnectedness, but not about competition and market power. Although much progress has been made in removing anticompetitive elements from financial regulation over the past three to four decades, there are still important advances that can be made. The paper concludes by offering a set of policy recommendations for the removal of some of the important remaining elements of financial regulation that impede competition.","PeriodicalId":315176,"journal":{"name":"Banking & Insurance","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124481414","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 18