Author: Naohiko BabaPublisher:
ISBN:
Category : Bank loans
Languages : en
Pages : 50
Book Description
Uncertainty, Monitoring Costs, and Private Banks' Lending Decisions in a Duopolistic Loan Market
Author: Naohiko BabaPublisher:
ISBN:
Category : Bank loans
Languages : en
Pages : 50
Book Description
Uncertainty, Monitoring Costs, and Private Bank's Lending Decisions in a Duapolistic Loan Market
Author: Competitive Strategy
Author: Benoit Chevalier-RoignantPublisher: MIT Press
ISBN: 0262526719
Category : Business & Economics
Languages : en
Pages : 517
Book Description
A new paradigm for balancing flexibility and commitment in management strategy through the amalgamation of real options and game theory. Corporate managers who face both strategic uncertainty and market uncertainty confront a classic trade-off between commitment and flexibility. They can stake a claim by making a large capital investment today, influencing their rivals' behavior, or they can take a “wait and see” approach to avoid adverse market consequences tomorrow. In Competitive Strategy, Benoît Chevalier-Roignant and Lenos Trigeorgis describe an emerging paradigm that can quantify and balance commitment and flexibility, “option games,” by which the decision-making approaches of real options and game theory can be combined. The authors first discuss prerequisite concepts and tools from basic game theory, industrial organization, and real options analysis, and then present the new approach in discrete time and later in continuous time. Their presentation of continuous-time option games is the first systematic coverage of the topic and fills a significant gap in the existing literature. Competitive Strategy provides a rigorous yet pragmatic and intuitive approach to strategy formulation. It synthesizes research in the areas of strategy, economics, and finance in a way that is accessible to readers not necessarily expert in the various fields involved.
Bank of Japan Monetary and Economic Studies
Author: The Pricing of Interbank Payment Services in a Changing Competitive Environment
Author: John A. WeinbergPublisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 36
Book Description
On the Validity of Value-at-risk
Author: Yasuhiro YamaiPublisher:
ISBN:
Category : Investment analysis
Languages : en
Pages : 46
Book Description
Asymmetric Information and the Market Structure of the Banking Industry
Author: Mr.Giovanni Dell'AricciaPublisher: International Monetary Fund
ISBN: 145195154X
Category : Business & Economics
Languages : en
Pages : 32
Book Description
The paper analyzes the effects of informational asymmetries on the market structure of the banking industry in a multi-period model of spatial competition. All lenders face uncertainty with regard to borrowers’ creditworthiness, but, in the process of lending, incumbent banks gather proprietary information about their clients, acquiring an advantage over potential entrants. These informational asymmetries are an important determinant of the industry structure and may represent a barrier to entry for new banks. The paper shows that, in contrast with traditional models of horizontal differentiation, the steady-state equilibrium is characterized by a finite number of banks even in the absence of fixed costs.
Comparative Analyses of Expected Shortfall and Value-at-risk (2)
Author: Toshinao YoshibaPublisher:
ISBN:
Category : Investment analysis
Languages : en
Pages : 42
Book Description
Asset Prices, Financial Stability, and Monetary Policy
Author: Shigenori ShiratsukaPublisher:
ISBN:
Category : Assets (Accounting)
Languages : en
Pages : 56
Book Description
Developments in Land Prices and Bank Lending in Interwar Japan
Author: Takashi NanjoPublisher:
ISBN:
Category : Bank loans
Languages : en
Pages : 56
Book Description