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Full-Text Articles in Social and Behavioral Sciences
The Legitimising Power Of Regulation For Australian Banks: An Institutional Approach, H. Deo, Hemant J. Irvine, A. Abraham
The Legitimising Power Of Regulation For Australian Banks: An Institutional Approach, H. Deo, Hemant J. Irvine, A. Abraham
Faculty of Commerce - Papers (Archive)
The history of the Australian banking system has been one of a striving for legitimacy, against a cycle of boom, bust and public antagonism. Despite a series of banking inquiries and ensuing regulatory reform, banks continue to announce unexpected results. Over the past 15 years, each of the four major Australian banks, while complying with the increasingly stringent requirements of regulatory bodies, reported at least one major financial blunder. An institutional perspective demonstrates that rules and regulations play a powerful legitimising role in assisting banks to maintain their public image in the face of such disasters.
Stochastic Modeling Of Retail Mortgage Loans Based On Past Due, Prepaid, And Default States, Chang Liu
Stochastic Modeling Of Retail Mortgage Loans Based On Past Due, Prepaid, And Default States, Chang Liu
Doctoral Dissertations
Stochastic models were developed that provide important measures related to retail mortgages and credit cards for the management of a bank. Based on Markov theory, two models were developed that predict mortgage portfolio size and expected duration of stay in each of the states, which are defined according to the criteria of Basel Accord II and the Federal Reserve Bank. Also, to facilitate comparisons among different types of credit products and different time periods, a model was developed to generate a health index for a retail mortgage. This model could be easily extended, using multivariate regression or multivariate time series …
Banking On Housing; Spending The Home, Susan J. Smith, Beverley A. Searle, Nicole T. Cook
Banking On Housing; Spending The Home, Susan J. Smith, Beverley A. Searle, Nicole T. Cook
Faculty of Social Sciences - Papers (Archive)
British mortgagors hold more wealth in their homes than ever before. They are spending more freely from these assets now than they are likely to again. 'Banking on housing' is concerned with when, where, why and how people choose and use their mortgages to roll equity out of housing and into other things. It is a study of the consumption of housing, the consumption of mortgages, and the use of housing wealth in consumption more broadly.
Money, Credit, And Banking, Aleksander Berentsen, Gabriele Camera, Christopher Waller
Money, Credit, And Banking, Aleksander Berentsen, Gabriele Camera, Christopher Waller
Economics Faculty Articles and Research
In monetary models where agents are subject to trading shocks there is typically an ex-post inefficiency since some agents are holding idle balances while others are cash constrained. This problem creates a role for financial intermediaries, such as banks, who accept nominal deposits and make nominal loans. In general, financial intermediation improves the allocation. The gains in welfare come from the payment of interest on deposits and not from relaxing borrowers’ liquidity constraints. We also demonstrate that when credit rationing occurs increasing the rate of inflation can be welfare improving.