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| | Financial intermediary - definition of Financial intermediary in Encyclopedia |
 | | Financial intermediaries are institutions (such as banks, insurance companies, mutual funds, pension funds, and finance companies.) that borrow funds from people who have saved and then make loans to others. | | | Commercial banks are the financial intermediary we meet most often in macroeconomics, but mutual funds, pension funds, credit unions, savings and loan associations, and to some extent insurance companies are also important financial intermediaries. | | | Another reason financial intermediaries reduce risk is that by making many loans, they learn how to better predict which of the people who want to borrow money will be able to repay. |
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http://encyclopedia.laborlawtalk.com/Financial_intermediary
(595 words)
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| | Financial markets - Wikipedia, the free encyclopedia |
| | Intermediaries such as banks help in this process. | | | In the financial markets, stock prices, bond prices, currency rates, interest rates and dividends go up and down, creating risk. | | | More complex transactions than a simple bank deposit require markets where lenders and their agents can meet borrowers and their agents, and where existing borrowing or lending commitments can be sold on to other parties. |
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http://en.wikipedia.org/wiki/Financial_market
(1251 words)
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| | Explain the possible adverse consequences to financial intermediaries from a change in the interest rate. |
| | A financial intermediary issues £500million of liabilities with one-year maturity to finance the purchase of £500million of assets with two years maturity, and is therefore short-funded. | | | Financial intermediaries also face interest rate risk if the balance sheet is structured the other way around, with liabilities held long and assets held short. | | | The intermediary will be long-funded; the maturity of its liabilities exceeds the maturity of its assets. |
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http://www.coursework.info/i/73080.html
(625 words)
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| | Notes on Mishkin Chapter 2: Part A (Econ 353, Tesfatsion) |
| | The financial assets issued to savers are claims against the financial intermediaries, hence liabilities of the financial intermediaries, whereas the financial assets received from borrowers are claims against the borrowers, hence assets of the financial intermediaries. | | | Intermediaries are able to reduce the transactions costs entailed during the process of matching borrowers with lenders. | | | Intermediaries are also able to reduce the transactions costs associated with the writing and communicating of contract terms for borrowers and lenders, particularly in cases where the contract terms are highly specialized to the situation at hand. |
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http://www.econ.iastate.edu/classes/econ353/tesfatsion/mish2a.htm
(2990 words)
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| | Financial intermediary - Wikipedia, the free encyclopedia |
| | The term financial intermediary may refer to an institution, firm or individual who performs intermediation between two parties in a financial context. | | | In the US, a financial intermediary is typically an institution that facilitates the channelling of funds between lenders and borrowers. | | | Alternatively, they may lend the money indirectly via the financial markets. |
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http://en.wikipedia.org/wiki/Financial_intermediaries
(130 words)
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| | FSF: Elements of the financial system |
| | Since financial institutions tend to be more specialised on the liability side of their balance sheets, it would be appropriate to classify them according to the nature of the indirect securities they issue. | | | The financial intermediaries, of course, receive a fee, represented by the difference between the cost of their indirect securities and the revenue from the primary securities held. | | | It will be evident that the participants in the financial markets are the borrowers (issuers of securities), the lenders (buyers of securities), the financial intermediaries (buyers and issuers of securities and other debt obligations) and the brokers. |
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http://www.finforum.co.za/markets/eleconts.htm
(3581 words)
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| | EH.Net Encyclopedia: Origins of Commercial Banking in the United States, 1781-1830 |
| | A balance sheet is simply a summary financial statement that lists what a firm owns (its assets) as well as what it owes (its liabilities). | | | As financial intermediaries, commercial banks pooled the wealth of a large number of savers and lent fractions of that pool to a diverse group of enterprising business firms. | | | By providing loans to entrepreneurs based on the merits of their businesses, and not their genealogies, banks and other financial intermediaries helped to spread the notion that wealth and power should be allocated to the most able members of post-Revolutionary society, not to the oldest or best groomed families. |
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http://eh.net/encyclopedia/?article=wright.banking.commercial.origins
(3470 words)
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| | Study Segments Financial Intermediaries By Behavior by Insurance Networking News |
| | Indiscriminants: 11.1% of intermediaries, 5.7% of intermediary-advised assets. | | | Rainmakers: 1.6% of intermediaries, 17.9% of intermediary-advised assets. | | | Order-Takers : 13.0% of intermediaries, 13.5% of intermediary-advised assets. |
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http://www.insurancenetworking.com/protected/article.cfm?articleId=2311&pb=ros
(671 words)
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| | Finance and growth: Schumpeter might be right |
| | Intermediaries that finance private firms probably provide more services than a system that simply funnels resources to the government or state-owned enterprises. | | | Financial intermediaries--the ones that mobilize savings, allocate capital, manage risk, ease transactions, and monitor firms--are essential for economic growth and development. | | | One measure of financial services--call it BANKS--is the credit issued by banks divided by the credit issued by banks plus the credit issued by the central bank. |
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http://www.worldbank.org/html/prddr/outreach/or4.htm
(1333 words)
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| | The role of financial intermediaries |
| | These standards of conduct may be enforceable by a regulatory authority, by a selfregulatory organization of which the financial intermediary is a member, or through private litigation against the intermediary for breach of the standard of conduct requirement. | | | For instance, a requirement that the financial intermediary make a determination that a particular CIS is a "suitable" investment based on the investment objectives and financial circumstances of the investor to whom the recommendation is made. | | | 5.5 Some of the standards of conduct requirements imposed on financial intermediaries may be expressly incorporated in rules or legislation or may arise from a general duty of care owed to investors due to the fiduciary relationship that exists between the intermediary and investor. |
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http://riskinstitute.ch/135660.htm
(455 words)
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| | Financial Markets and Intermediaries |
| | The study of financial institutions (such as commercial banks, investment banking firms, and insurance companies) that help the flow of money from savers to demanders of money. | | | The study of markets where financial securities (such as stocks and bonds) are bought and sold. |
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http://www.people.virginia.edu/~rfd/Chap01/tsld006.htm
(43 words)
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| | Memorandum to Financial Intermediaries October 14, 2002 |
| | Congress has passed the Sarbanes-Oxley bill, requiring senior corporate managers to attest to the validity of their companies' financial statements, providing for disgorgement of profits by executives who sell stocks and later restate earnings, and replacing self-regulation of accountants with a new federal Public Company Accounting Oversight Board, as well as other salutary provisions. | | | Generous financial market returns are especially important to our industries for, holding costs constant, the higher the return, the lower the proportion consumed by our operating, investment, trading, and marketing expenses. | | | Indeed, when we add in sales charges, the hidden costs of that 110% turnover, and opportunity cost (funds are rarely fully invested), the total cost of equity fund ownership nearly doubles, to at least 2 ½% per year. |
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http://www.vanguard.com/bogle_site/sp20021014.html
(5749 words)
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| | Cofunds - The Independent Fundmarket |
| | Dedicated to intermediaries - helping to generate profitable business growth by providing the products, services and tools they need to deliver outstanding service to their clients. |
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http://www.cofunds.co.uk
(49 words)
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| | OECD Glossary of Statistical Terms - Financial intermediaries |
| | Financial intermediaries are units which incur liabilities on their own account on financial markets by borrowing funds which they lend on different terms and conditions to other institutional units. | | | For the purposes of balance of payments data, financial intermediaries are defined as being: | | | The definition would therefore include Special Purpose Enterprises (SPEs), whose sole function is financial intermediation, and enterprises such as security dealers, whose function is the provision of services auxiliary to financial intermediation. |
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http://cs3-hq.oecd.org/scripts/stats/glossary/detail.asp?ID=970
(152 words)
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| | 2332. Financial Intermediary Distress in the Republic of Korea: Small Is Beautiful? |
| | During a systemic financial crisis in Korea, the probability of financial distress was greater for large financial intermediaries (such as commercial banks and merchant banking corporations) than it was for tiny mutual savings and finance companies. | | | They pool together a group of large financial intermediaries (commercial banks, merchant banking corporations) and another group of tiny mutual savings and finance companies. | | | Estimating a logit model, they find that the probability of distress was systematically smaller for the mutual savings and finance companies that stayed closer to their origins (for example, collecting many deposits as “credit mutual installment savings”) and for those with a longer history of doing business in their local community. |
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http://wbln0018.worldbank.org/research/workpapers.nsf/(allworkingpapers)/092E936B3DF6B2E3852568D300530617
(335 words)
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| | AllRefer.com - Israel - Financial Services in Israel Israeli Information Resource |
| | In the late 1980s, Israel's financial system consisted of various financial intermediaries providing a range of services from short-term overdraft privileges to the financing of long-term investments in construction, industry, agriculture, and research and development. | | | The financial system provided three types of credit instruments: short-term, nondirected credit financing; short-term, directed credit financing, and long-term and medium-term credit financing. | | | But in a capital market dominated by the government, which was able and willing to issue endless quantities of index-linked bonds, the banks found this capital difficult to raise. |
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http://reference.allrefer.com/country-guide-study/israel/israel91.html
(1198 words)
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| | Financial Intermediaries |
| | These institutions invest in securities of other firms, but they are themselves financed by other financial claims. | | | These are institrutions that assist in the financing of firms. |
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http://www.people.virginia.edu/~rfd/Chap03/sld053.htm
(27 words)
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| | Report Recommends Improved Disclosure Practices for Financial Intermediaries (FSF Press Release 26 April 2001) |
| | The report makes a number of recommendations concerning disclosures that should be provided by financial intermediaries that incur a material level of the relevant financial risks, through periodic reports to their shareholders, creditors and counterparties. | | | In addition, certain areas, such as liquidity risks, were identified where quantitative information would fill an important gap in financial disclosures, but where further development of risk assessment concepts and methods or consideration of their costs and benefits would be necessary before reaching a judgement on such disclosures. | | | A multidisciplinary working group sponsored by four financial services regulatory organisations today issued a report recommending improvements to the disclosure practices of financial intermediaries world wide. |
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http://www.bis.org/press/p010426.htm
(428 words)
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| | New England Economic Review: Safety and Soundness of Financial Intermediaries: Capital Requirements, Deposit Insurance, ... |
| | More than two-thirds of the $25 trillion of financial assets held in the United States is managed on behalf of investors by financial intermediaries, ranging from trusts, mutual funds, and mortgage pools to insurance companies, pension funds, and banks. | | | When not all investors are fully informed about the prospective returns on all assets, the cost of funds for financial intermediaries depends on savers' state of confidence in their investments. | | | Because the regulations that govern intermediaries affect the price of risk in financial markets and because this influence varies with economic conditions, the actions of regulators, like those of the monetary authority, may need to adjust with economic conditions in order to foster the prudent valuation of assets. |
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http://www.bos.frb.org/economic/neer/neer1995/neer695d.htm
(282 words)
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| | Tasks of Financial Intermediaries |
| | Financial intermediaries help to channel funds from lenders to borrowers at a lower cost. | | | Financial intermediaries perform this service and in time, gain the expertise that makes such analysis cheaper. | | | The primary monetary task of financial intermediaries the the creation of money through taking deposits and making loans. |
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http://www.brazosport.cc.tx.us/~econ/arch/FinInterme.html
(211 words)
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| | Financial Markets Research Center (FMRC) - Vanderbilt University |
| | Research of the Center may focus on participants in financial markets, such as brokers, exchanges, and financial intermediaries, on businesses needing financing, and on appropriate regulatory policy. | | | The Financial Markets Research Center at Vanderbilt University was founded in 1987 to foster scholarly research in financial markets, financial instruments, and financial institutions. | | | Identifies critical research issues in financial markets and provides a focus for such research. |
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http://www2.owen.vanderbilt.edu/fmrc
(194 words)
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| | [No title] |
| | The price of this simplification is that the model predicts that intermediaries will "almost always" require a bailout, since competition pushes them to the point where they do not earn economic profits in any state of the world, and cover their costs only in the most favorable possible state. | | | It has long been known that financial intermediaries whose liabilities are guaranteed by the government pose a serious problem of moral hazard. | | | That means, however, that intermediaries that borrowed money in the first period based on Pangloss values, including the Pangloss value of 100 for land sales, will require a bailout - and since the government's willingness to provide for bailouts is now exhausted, investors' pessimism is justified. |
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http://web.mit.edu/krugman/www/DISINTER.html
(5234 words)
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| | Money Laundering and Financial Intermediaries (Studies in Comparative Corporate and Financial Law, V: ... |
| | The crucial issues relating to financial intermediaries concern the interaction between procedural norms and equitable or criminal liability, the conflicts between disclosure and client confidentiality, the privilege against self-incrimination, and the procedural aspects of imposing corporate criminal liability. | | | This work offers a critical examination of the criminal anti-money laundering provisions and their impact on financial intermediaries, which may play a facilitating role in the money laundering process. | | | Vast amounts of money are said to be laundered through financial intermediaries in the United Kingdom, thereby potentially affecting the integrity of the financial markets. |
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http://bookweb.kinokuniya.co.jp/htmy/9041197958.html
(275 words)
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| | Financial Intermediaries |
| | Transformation of financial assets involves modifying their risk-return characteristics - one simple example is pooling various assets and dividing up the pool into shares (mutual funds for stocks and bonds) | | | Retail banks and brokerages are examples of financial intermediaries that move the product or service physically closer to the final customer | | | Expertise is perhaps the ultimate source of value creation by financial intermediaries -- becomes more important as other sources of value capture recede |
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http://zzyx.ucsc.edu/~boxjenk/ec139-01/139W01-6/tsld033.htm
(96 words)
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| | International Finance Corporation - Financial Intermediaries |
| | IFC offers guidance and training for commercial banks, private equity funds, and other financial intermediaries in applying environmental and social risk management and insurance principles to their lending and investment operations. | | | At the organizational level, we directly fund financial institutions such as banks, leasing companies, equity funds, insurance and microfinance institutions, and increase their capacity to identify opportunities and manage environmental issues. | | | The Sustainable Financial Markets Facility provides grant funding for activities that promote environmentally and socially responsible lending and investment by the emerging markets financial sector. |
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http://www.ifc.org/ifcext/enviro.nsf/Content/FinancialIntermediaries
(278 words)
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| | What Is the Economic Function of a Bank? (07/2001) |
| | Banks make these loans to businesses, other financial institutions, individuals, and governments (that need the funds for investments or other purposes). | | | Still, banks continue to account for a significant share-over 23 percent-of the assets of all financial intermediaries at the end of year 2000, as the chart below shows. | | | They then use those deposits and borrowed funds (liabilities of the bank) to make loans or to purchase securities (assets of the bank). |
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http://www.frbsf.org/education/activities/drecon/2001/0107.html
(549 words)
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| | EconPapers: Financial intermediaries, markets, and growth |
| | Households can also invest directly on a financial market, if they pay a cost. | | | Financial intermediaries provide insurance to households against a liquidity shock. | | | Abstract: This paper contributes to the literature comparing the relative performance of financial intermediaries and markets by studying an environment in which a trade-off between risk sharing and growth arises endogenously. |
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http://econpapers.hhs.se/paper/ecmnasm04/419.htm
(245 words)
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| | NRP 61 Linking formal and informal financial intermediaries in Ghana: Conditions for success and implications for RNR ... |
| | With official recognition of the informal financial sector and its inclusion in regulatory reform, two important preconditions for innovative policy towards the informal financial sector have been fulfilled in Ghana. | | | In a more rural context the potential for bank-susu collector linkages to improve financial service provision for farmers is much greater, and here susu collector-trader linkages are very evident, providing potential for indiret financial service provision for the NR sector. | | | However, their capacity is limited, but formal institutions with much greater financial capacity rarely reach rural people because of the risks and transaction costs. |
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http://www.odi.org.uk/nrp/61.html
(2873 words)
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| | EconPapers: Risk and Market Segmentation in Financial Intermediaries’ Returns |
| | The interest rate risk premium for banks was among the highest of all financial intermediaries. | | | Overall, we find that securities firms, as a group, have the most market risk exposure, followed in order of descending market beta, by banks, other financial firms, insurance companies, and mutual funds, although the order is reversed when examining the market risk premium. | | | Abstract: This study examines both the quantity and price of risk exposure for different segments of financial intermediaries in order to determine whether market segmentation exists in the financial services industry in the United States. |
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http://netec.wustl.edu/WoPEc/data/Papers/woppennin96-36.html
(411 words)
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| | The Impact Of Financial Intermediaries On Resource Allocation And Economic Growth (SMEALSearch) - ... |
| | It is also argued that the size of the gains derived from the development of the financial sector rests heavily on the ability of intermediaries to effectively screen and monitor lending proposals. | | | In particular, financial market regulation distorts the incentives of financial intermediaries which, in turn, distorts the type of resource accumulation that takes place. | | | The financial system plays an important role in influencing both the amount and type of resource accumulation which actually takes place. |
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http://gunther.smeal.psu.edu/10561.html
(254 words)
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| | Task Force on the Regulation of Financial Intermediaries |
| | The Task Force on the Regulation of Financial Intermediaries was an independent Task Force appointed by the Minister of Commerce to review the regulation of financial intermediaries. | | | The Task Force's terms of reference required it to consider options for reform that would (1) ensure quality financial information and advice is provided to the public and (2) assist New Zealanders to make the most of their savings. | | | The Minister of Commerce (then the Hon Margaret Wilson) appointed the Task Force to consider and report on the regulation of financial intermediaries. |
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http://www.med.govt.nz/buslt/bus_pol/task-force
(439 words)
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| | 0.2.10: Shell Corporations - Encyclopedia - Library - VC Experts |
| | As the search for equity capital for development-stage entities intensifies, so the collective imagination of managers and financial intermediaries swells to meet the challenge. | | | Transaction expenses are reportedly lower in a reverse acquisition, even after adding in significant post-closing expenses necessary to acquaint the financial community with the business of the newly public firm. | | | The trick is to organize a shell corporation - no assets, no business - and take it public. |
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http://vcexperts.com/vce/library/encyclopedia/documents_view.asp?document_id=29
(1624 words)
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| | Financial Intermediaries |
| | Specialized financial firms that facilitate the indirect transfer of funds from savers to borrowers by offering savings instruments and borrowing instruments |
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http://www.cameron.edu/~sivarama/beschap3/sld002.htm
(21 words)
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| | Financial Firms |
| | Provide various financial services to a variety of savers and/or borrows including purchasing or selling financial instruments such as stock and bonds or negotiating deals using said instruments. | | | Below is a list of the more prominant financial intermediaries and their function or focus. | | | Many different companies and individuals act as intermediaries between savers and borrowers. |
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http://www.brazosport.cc.tx.us/~econ/arch/FinFirm.html
(276 words)
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| | Genworth Financial - Protection |
| | We distribute our products primarily through financial institutions, such as major European banks, which offer payment protection insurance in connection with underlying loans or other financial products they sell to their customers. | | | Genworth Financial, through our underwriting company GE Group Life Assurance Company, offers a wide range of employment-based benefit products and services to small and medium sized businesses, as well as select groups within larger companies that require highly customized benefits plans. | | | We strive to help them preserve their financial independence and protect their savings and assets, while removing the burden of care from family and friends. |
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http://www.genworth.com/products/protection.html
(1054 words)
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| | AC448 Financial Intermediaries |
| | A graduate course on financial strategies of firms and investors in imperfect financial markets, on financial intermediation and on some key macroeconomic aspects of such settings. | | | The course introduces and applies the analytical methods of information economics and of contract theory to issues arising under asymmetric information in insurance; corporate financial policy; credit markets; the theory and regulation of banking intermediaries; and macroeconomic implications. | | | Intended for students of the MSc Accounting and Finance, MSc Finance and Economics and MSc Finance and Economics (Research); other graduate students to be admitted only with the permission of the course lecturer. |
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http://www.lse.ac.uk/resources/calendar/courseGuides/AC/2005_AC448.htm
(259 words)
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| | FIN 3023 — FINANCIAL INTERMEDIARIES |
| | The objective of this course is to provide students with a background in asset and liability management of financial intermediaries. | | | The guest lecturer will be in some area of Institutional Finance or Financial Markets. | | | The paper will cover a topic from some aspect of managing or regulating financial institutions. |
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http://www.tarleton.edu/~finance/FIN3023syllabus.htm
(300 words)
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| | [No title] |
| | Financial intermediaries therefore have to find new ways of providing value to customers | | | Financial services firms can only make money by more clearly providing value as experts, not as pure providers of access or information brokers | | | Creating new bundles of financial services based on analysis and advice is the key to success in Internet-based finance |
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http://zzyx.ucsc.edu/~boxjenk/ec139-99/e139-n20.html
(550 words)
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| | Financial Markets |
| | The ability of financial markets to transmit is highlighted in the market for foreign exchange, where we show that a tariff designed to protect jobs in one part of the economy could cost jobs in other parts. | | | Since we are looking at financial markets from the viewpoint of macroeconomics, this group of readings largely ignores the importance of financial markets in allocating funds. | | | Explain how instability can arise in financial markets, and why most economists do not consider such instability to be a major source of macroeconomic disturbance. |
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http://ingrimayne.saintjoe.edu/econ/Financial/Overview8ma.html
(443 words)
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| | Financial intermediaries Realestate agent glossary |
| | The financial markets are where those wanting funds are matched with those having surplus funds. | | | Same as term financial institutions: Institutions acting as intermediaries between suppliers and users of money. | | | Money markets are the markets for short-term debt securities such federal agency securities, banker's acceptances, and negotiable certificates of deposit issued by public and private institutions. |
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http://www.realestateagent.com/glossary/real-estate-glossary--1-2796
(196 words)
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| | TheManageMentor - Finance - Capital Adequacy of Financial Intermediaries (FI) |
| | The term financial intermediary includes Banks, Investment Companies, Insurance Companies, Development Financial Institutions, Non-Banking Finance Companies, Mutual Funds, etc. All these financial institutions assist in the transfer of savings from economic units/individuals with excess money to those that need capital for investments. | | | Adequate capital helps financial intermediaries to survive even during substantial losses. | | | This requirement is called Capital Adequacy, and it is specified for Banks and Non Banking Financial Corporations (NBFCs). |
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http://www.themanagementor.com/enlightenmentorareas/finance/FIFS/CapiAdeq.htm
(448 words)
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| | International Finance Corporation - Investments in Financial Intermediaries |
| | IFC uses its full range of financial products to provide finance to a wide variety of financial intermediaries. | | | A large chunk of IFC financing is channeled to private sector projects in developing countries through intermediaries. | | | Working through intermediaries allows IFC to extend its long-term finance more companies, in particular to small and medium enterprises (SMEs) and microfinance entrepreneurs. |
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http://www.ifc.org/ifcext/proserv.nsf/Content/FinancialIntermediaries
(278 words)
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| | [No title] |
| | The supervision and control of the public and private institutions that integrate the country's system of financial intermediation is one of the responsibilities of the Central Bank. | | | The latter reports directly to the Board and has technical and operational autonomy. | | | Laws, decrees and Central bank norms that regulate the activities of the financial system |
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http://www.bcu.gub.uy/a17020.html
(62 words)
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| | Agency Problems and Conflicts of Interest in Financial Markets - Federal Reserve Bank of New York |
| | In financial markets, financial intermediaries act as agents of issuers and investors, and “gatekeepers.” This multiplicity of functions can lead to conflicts of interest. | | | By performing its gatekeeping role well, for instance, a financial intermediary may have to forgo profitable investment banking assignments. | | | Agency Problems and Conflicts of Interest in Financial Intermediaries |
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http://www.newyorkfed.org/research/conference/2004/agency_problems_call_papers.html
(107 words)
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| | software.ca - financial markets |
| | Plus financial and currency market news and information 24/7. | | | Such comments generated confusion in financial markets about whether the bank would increase rates in December or wait until next year to sift through more economic data. | | | We couldn't find any results for financial markets in Software. |
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http://www.software.ca/financial-markets/reference/search
(220 words)
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| | Financial Intermediaries |
| | Financial intermediaries that economize on search costs for investors include providers of data, analysis, and forecasts -- much more plentiful now, but critical data and analysis still is costly | | | Economizing on costs of completing and implementing transactions becomes less important part of financial intermediation for routine transactions, as these are made fully electronic | | | Matching buyers and sellers has been the major role of financial exchanges -- linking electronic exchanges, and broader access to them, further increase existing efficiencies of matching (and reducing value capture) |
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http://zzyx.ucsc.edu/~boxjenk/ec139-01/139W01-6/sld034.htm
(107 words)
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| | Investment, Liquidity Risk, and the Transparency of Financial Intermediaries (Preliminary) (SMEALSearch) - ... |
| | In this paper, we study the implications for business activity of a lack of balance sheet transparency in intermediaries. | | | Investment, Liquidity Risk, and the Transparency of Financial Intermediaries (Preliminary) | | | Investment, Liquidity Risk, and the Transparency of Financial Intermediaries (Preliminary) (SMEALSearch) - Pal,Rangaswamy,Giles,Debnath |
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http://smealsearch.psu.edu/26569.html
(468 words)
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| | CDC IXIS : financial intermediaries |
| | index funds management financial intermediaries global player in asset |
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http://www.cdcixis.com/uk/investment_bank/financial_intermediaries.htm
(45 words)
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| | EconPapers: Does Corporate Governance Matter in Deposit Insurance? DI and Moral Hazard in Joint Stock and Mutual ... |
| | We develop a methodology which includes the specifics of the utility function for the financial cooperative and we compare the results to a similar profit maximizing joint stock bank. | | | We find that the introduction of deposit insurance does in fact increase optimal risk level for the financial cooperative but less so than the stock bank. | | | Abstract: In this paper, we analyze the differences of effects of a deposit insurance schemes on financial cooperative and joint stock banks risk taking. |
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http://econpapers.hhs.se/paper/lvllacicr/0206.htm
(236 words)
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