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1 - 10 van 62 voor both banks
doc211.pdf
... both banks and regulators had a reputation for trustworthiness and solidity, and, as a result, a systemic crisis was deemed extremely unlikely. such a crisis threatens the economy by interfering with banks ... needs of both consumers and firms creates additional benefits from diversification (kashyap et. al 2002). this provides a rationale for the stylized fact that banks combine illiquid debt ...
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Microsoft Word - leuvensteijn.doc
... banks may have lower agency costs than life insurers. as in other countries, in the dutch mortgage market both banks and life insurers are active (merriken, 1988). one of the striking differences between both types of lender is the distribution channel used to sell mortgages. life insurers sell mortgages mainly through middlemen, whereas banks sell relatively more ...
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Microsoft Word - cpbdoc210.doc
... banks into default. in wagner (2006), the fire-sale externality depends on how similar banks are. if banks assets are more similar, then the externalities are stronger. not only does the probability that both banks ... larger if both banks are in bad health than when one of the banks is in good health. incomplete markets are the driving force behind fire sales. fire sales arise because banks are forced ...
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dp204.indd
... traders to the bank's profit. in a symmetric equilibrium, both banks evenly share the amount of top traders as well as ... lowest-r equilibrium is the one that is preferred by both banks, as it maximizes total profits. lemma 4 if there are multiple equilibria ... r). in doing so, however, banks impose a competitive externality on each other. in equilibrium both banks continue average traders evenly, so the ...
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appendix derivations dsge model pdf
... start of by working with the government budget constraint covering both fiscal and monetary authorites. whilst the netherlands does not ... seignorage revenues since there will not be any money. central banks can inject money into the economy by performing open market ... in-the-letterbox and open market operations are equivalent. we have both finitely-lived agents and distortionary taxation, so we will ...
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Microsoft Word - doc73.doc
... that by focusing on physical networks, we explicitly exclude from consideration financial networks (i.e. banks and credit-card issuers). 3 the authors' translation from the original text in dutch ...sectoren ... in terms of dynamic efficiency, we are mainly interested whether firms employ both types of innovation to optimise reliability, both today and in the future. 10 not only the total welfare, but ...
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Microsoft Word - DP128_demooij _2_.doc
... volatile businesses and create arbitrage opportunities that erode corporate tax bases. ace and cbit both aim to neutralise these distortionary effects of corporate taxes. among the two, economists ... deductibility. this also applies to financial companies, including banks. to avoid double taxation of interest, the interest received by firms or banks from other cbit entities is either exempt or ...
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Microsoft Word - cpbdoc194.doc
... and outward flows in 2001 can be explained to a large extent by investments of banks and holding companies. the peaks in 2005 and 2007 illustrate restructuring and acquisitions of ... knowledge spillovers of trade and fdi. for example, increased export opportunities and import competition can both affect each mechanism separately. for fdi a similar reasoning applies. inward fdi increases competition ( ...
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Microsoft Word - cpbdoc127.doc
... there is no spillover of the problems of chinese banks to major foreign banks. one of the key medium-term risks in ... still be its achilles heel. despite recent reforms and recapitalisation, banks remain vulnerable (podpiera, 2006). there is a real-estate ... the netherlands have a strong export position. china is strong both in its conventional products like clothing, footwear and miscellaneous ...
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Microsoft Word - cpbdoc98
... sector. another instrument is the dutch technopartner program, which targets at technostarters from both the public and private sector. the program emphasises the importance of science-industry interaction ... depends on whether the financial sector accepts it or not. anecdotal evidence suggests that banks may attach little value to such certificates. direct public provision of capital could ...
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