This paper represents a contribution to the still meager literature on the impact of prudential regulation bank behavior in Tunisia. It aims to examine the effect of the capital requirements on bank credits during the period from 1999 through 2010 and to assess the effectiveness of the banking...

This paper aims to answer the following question: what is (are) the cause(s) of the severe reduction in bank credits in Japan between 1999 and 2005? The answer to this question becomes very interesting if we know that during the above mentioned period an ultra–expansionary monetary policy has...

Using the option pricing based model of the deposit insurance, for all the listed banks in Japan, we compute the actuarially fair insurance premium as well as the market value of assets and asset volatility implied by banks' stock prices. The findings based on these variables imply that banks...

Using the statistical relationships between market values of banks’ assets and their volatilities that are implied from banks’ shareholders’ values of publicly held banks and their financial statement-based variables, which are used to compute banks’ probabilities of default, we conduct...

In this paper I investigate the risk-taking channel of the monetary policy in the U.S. during the period of Large Scale Assets Purchases (LSAPs) programs; from November 2008 to September 2014. Using High-Frequency Identification (HFI) estimates of the monetary policy stance and constructed data...

This note demonstrates how performance measure congruity and noise determine an agency’s total surplus within an linear agency framework with multiple tasks. It provides a decomposition of agency costs, leading back to a congruity index previously proposed in the literature. In addition,...