According to the Basel III regulatory framework, uniform minimum liquidity requirements have been imposed on all types of banks. Using an agent-based model of a banking system, we investigate the effects of liquidity requirements on banks' insolvency under two policy experiments in one of which the minimum liquidity requirements are applied uniformly and in the other differentially across banks...

Recently [9] we analyzed important classes of nonsmooth and nonconvex risk control problems which can not be solved by standard optimization techniques. The aim of this article is to develop computational procedures enabling us to bypass some of the obstacles identified in this paper. We illustrate this by using insurance risk processes with insolvency (stopping time).

The Czech Republic is a country whose economy has undergone a transformation since 1989. Since joining the EU it has been striving to reduce the differences in its economic standard and the quality of its institutional environment in comparison with developed countries. According to an assessment carried out by the World Bank, the Czech Republic was long classed as a country whose institutional...

This article aims to find out the insolvency that occurred for cancellation of pkpu peace (homologation) in Savings and Loans Cooperative legal consequences insolvency. research uses normative or doctrinal methods are perspective applied. primary secondary sources material. The analyst technique used is syllogism method which a deductive thinking pattern. Based on results this study can be conc...

We develop a dynamic model to assess the effects of liquidity and leverage requirements on banks’ insolvency risk. The model features endogenous capital structure, liquid asset holdings, payout, and default decisions. In the model, banks face taxation, flotation costs of securities, and default costs. They are financed with equity, insured deposits, and risky debt. Using the model, we show that...

The aim of this paper is to map the exposure risk financial distress and insolvency Italian companies during 2019 by monitoring five early warning indicators defined National Council Chartered Accountants Accounting Experts (CNDCEC) approved Ministry Economic Development, in accordance with provisions “Crisis Insolvency Code” (IC-Code). methodology used conduct these investigations consists com...

insurer companies frequently reinsure part of their risks before reinsurers. the question of right of action of the insured against the reinsurer then arises. the common response to this question is negative because of the principle of the privacy of contracts. however, courts, particularly in the united states, have recognized this direct action on various grounds, especially in case of insolv...