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1 - 3 van 3 voor liquid fund institutional
Microsoft Word - discussion164.doc
... better institutions. 3 proxies for the overall quality of the institutional and macroeconomic environment (demirguec-kunt et al., 2008). alternatively, a ... et al., 2009). we use proxies for the international monetary fund (imf)'s core set of finan- cial soundness indicators ... . we proxy liquidity and leverage by the following ratios liquid assets to total assets, total loans to deposits, fixed assets ...
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doc211.pdf
... using hard, transferable information. this makes banks' assets more liquid. as a result, securitisation is easier, which allows ... design markets to generate information on systemic risk use institutional design to reduce probability of capture (see big banks) ... differs per scenario. the ability of financial intermediaries to fund themselves by issuing securities determines the length of intermediation ...
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L:\publicaties\...\cpbdoc15.wp [PFP#1210200691]
... 4 discusses three trends in the banking environment technological change, institutional reform and disintermediation. these trends provoke a number of ... these and other activities such as investment banking, insurance, fund management, etc. compared to the us and japan, banks ... identity of the holder does not matter (anonymity) and liquid trading markets exist. further, the design of loan contracts ...
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