Investors facing opportunistic governments: is it really good to "know the market" before investing?
Article Abstract:
A study was conducted to examine how foreign direct investments are affected by an opportunistic behavior from a host government in addition to uncertain market conditions. Results showed that although reducing the general market uncertainty may be essential for investment, it increases problems of opportunism because the privacy of the investor's information is undermined by early information. When the prospective investor is better informed, the government can infer more information from observing that investment has taken place.
Publication Name: Scandinavian Journal of Economics
Subject: Economics
ISSN: 0347-0520
Year: 1999
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New capital rule signals supervisory shift
Article Abstract:
The market-risk rule, which was implemented in January 1998, exemplifies a current shift in supervisory interest from risk measurement to a more detailed assessment of bank's total risk management. The new rule designates a quantitative minimum capital charge to a bank based on the internal risk-measurement model outcome of a bank. It also formulates a group of qualitative standards for measuring and administering market risk to entice banks to integrate sound risk management with capital practices.
Publication Name: Secondary Mortgage Markets
Subject: Economics
ISSN: 0740-4271
Year: 1998
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All capital is not created equal
Article Abstract:
Assessment of capital quality involves determination of its strength in protecting a company from unexpected losses. The quality of capital increases when it is permanent or when company owners cannot withdraw their capital from the firm. Capital quality also improves when the capital is solely available to the firm to offset unexpected losses. On the other quality decreases when a firm's capital is characterized by inflexible dividend or interest.
Publication Name: Secondary Mortgage Markets
Subject: Economics
ISSN: 0740-4271
Year: 1998
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