Zobrazeno 1 - 10
of 19
pro vyhledávání: '"Parigi, BRUNO MARIA"'
Publikováno v:
In Journal of Financial Stability August 2023 67
We show that the impact of government bailouts (liquidity injections) on a representative bank’s risk taking depends on the level of systematic risk of its loans portfolio. In a model where bank’s output follows a geometric Brownian motion and th
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::8381653cb8a02dbc1e4458992733e577
https://hdl.handle.net/10419/212410
https://hdl.handle.net/10419/212410
This paper proposes a theoretical model that incorporates corporate governance into the basic CAPM, where corporate governance affects the disutility of managerial effort and the possibility of managers to divert company resources. It shows that corp
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::6825c51453ad2f97747dbca823577a72
https://hdl.handle.net/10419/89782
https://hdl.handle.net/10419/89782
Autor:
Freixas, Xavier, Parigi, Bruno Maria
During the last decades a consensus has emerged that it is impossible to disentangle liquidity shocks from solvency shocks. As a consequence the classical lender of last resort rules, as defined by Thornton and Bagehot, based on lending to solvent il
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::71ca0e88a0d6279b308b86d92183fc06
https://hdl.handle.net/10419/26331
https://hdl.handle.net/10419/26331
In this paper we study top executive turnover in Italian Banks over the period 1993-2001. We relate the probability of survival of top executives (Presidents, CEOs and General Managers) to bank performance and the manager's local connections, control
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::141ffee4bfab6e0d11e009fc24420e8f
https://hdl.handle.net/10419/26484
https://hdl.handle.net/10419/26484
Autor:
Freixas, Xavier, Parigi, Bruno Maria
We explore the rationale for regulatory rules that prohibit banks from developing some of their natural activities when their capital level is low, as epitomized by the US Prompt Corrective Action (PCA). This paper is built on two insights. First, in
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::530e3a7b7f328d25cc36b4a6546aeb1c
https://hdl.handle.net/10419/26180
https://hdl.handle.net/10419/26180