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Risk allocation and financial intermediation
Mathematical Social Sciences, 2021 The classic Arrow–Debreu framework requires a very large number of specific securities to reach Pareto optimality. The present paper shows that financial intermediation can play an important role in maintaining a more parsimonious market framework while still obtaining Pareto optimality.
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Acta Universitatis Lodziensis. Folia Oeconomica, 2018 The central bank and the government are pursuing different goals so finding the best mix of monetary and fiscal policies is not easy. At the same time, the decisions the two authorities make during the fiscal‑monetary game exert a strong influence on ...
Joanna Stawska
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Annales Etyka w Życiu Gospodarczym, 2018 The deposit guarantee system in Poland was devised at the time of the economic transformation. Its creation resulted from a difficult situation in the banking sector, and so it was meant to be an antidote to clients’ problems associated with the ...
Iwona Dorota Czechowska
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Financial Intermediation with Risk Aversion [PDF]
The Review of Economic Studies, 2000 The paper extends Diamond's (1984) analysis of financial intermediation to allow for risk aversion of the intermediary. It shows that, as in the case of risk neutrality, the agency costs of external funds provided to an intermediary are relatively small if the intermediary is financing many entrepreneurs with stochastically independent returns.
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ISLAMIC FINANCIAL INTERMEDIATION THE EMERGENCE OF A NEW MODEL
European Journal of Islamic Finance, 2019 Being the main function of any banking system, financial intermediation is defined in the Islamic economy based on certain parameters that confer on the organizations that operate it a particular financial activity and various objectives. Admittedly, the
SALMA DRISSI, KHADIJA ANGADE
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Financial Intermediation in Romania [PDF]
Ovidius University Annals: Economic Sciences Series, 2021 The study of financial intermediation is a current issue constantly analyzed at the level of national economies or geographical areas. The specialized literature is rich in materials and support models.
Irena Munteanu, Elena Dobre
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Essays on financial intermediation [PDF]
, 2019 This thesis is structured around two main chapters that study how financial intermediaries affect asset prices and real economic activity of firms. In the first chapter, I study how mutual fund managers affect asset prices due to two types of risk they have to face: fund flow risk and liquidity risk. Uncertain fund flows affect managers' income and may
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Challenges for Policy mix in the Context of the Financial Crisis – the Case of Poland
Finanse i Prawo Finansowe, 2014 The aim of this article is to present the essence of policy mix and the extraordinary actions undertaken by the monetary and fiscal authorities in Poland in response to the recent financial crisis. In the article, the hypothesis has been put forward that
Joanna Stawska, Lena Grzesiak
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Financial intermediation and economic growth: Is there a great alternative? [PDF]
Bankarstvo, 2017 The aim of the paper is to explore whether there is a fundamental alternative to the incumbent pattern of financial intermediation that could accelerate the economic growth.
Begović Boris
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Financial Intermediation and Entry Deterrence [PDF]
SSRN Electronic Journal, 2000 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Neelam Jain +2 more
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