13 search hits
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Cunninghamia : A Journal of Plant Ecology for Eastern Australia, Volume 10, Issue 3 (2008)
(2008)
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Cunninghamia : A Journal of Plant Ecology for Eastern Australia, Volume 10, Issue 4 (2008)
(2008)
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Arachnologische Mitteilungen, Heft 36 (2008)
(2008)
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Arachnologische Mitteilungen, Heft 35 (2008)
(2008)
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Beiträge zur Naturkunde zwischen Egge und Weser, Band 20 (2008)
(2008)
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Osnabrücker naturwissenschaftliche Mitteilungen, Band 33/34 (2008)
(2008)
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Centre Culturel Français : Programme
(2008)
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Flur-funk : nachrichten und interessantes aus den fachbereichen 03, 04, 05, 11 und für lehramtsstudierende
(2008)
- Der "flur_funk" ist die Zeitung der Fachschaften 03 und 04 und erscheint idealerweise 3 mal im Semester. Hier findet ihr Berichte aus dem Fachbereich, Neues zu aktuellen Entwicklungen der Lehre und auch Dinge darüber hinaus. Einzelhefte s.u. URL.
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Market structure, capital regulation and bank risk taking
(2008)
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Patrick Behr
Reinhard H. Schmidt
Ru Xie
- This paper discusses the effect of capital regulation on the risk taking behavior of commercial banks. We first theoretically show that capital regulation works differently in different market structures of banking sectors. In lowly concentrated markets, capital regulation is effective in mitigating risk taking behavior because banks' franchise values are low and banks have incentives to pursue risky strategies in order to increase their franchise values. If franchise values are high, on the other hand, the effect of capital regulation on bank risk taking is ambiguous as banks lack those incentives. We then test the model predictions on a cross-country sample including 421 commercial banks from 61 countries. We find that capital regulation is effective in mitigating risk taking only in markets with a low degree of concentration. The results remain robust after accounting for financial sector development, legal system effciency, and for other country and bank-specific characteristics. Keywords: Banks, market structure, risk shifting, franchise value, capital regulation JEL Classifications: G21, G28
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Zoo Basel Newsletter
(2008)
- Monatlicher Email-Newsletter mit aktuellen Informationen rund um das Geschehen im Zoo Basel / Schweiz.
