作业帮英语翻译Blum (1999) offers a two-period approach showing that th
来源：学生作业帮 编辑：作业帮 分类：英语作业 时间：2024/05/20 20:25:07
英语翻译
Blum (1999) offers a two-period approach showing that the value of equity in later periods is altered when risk-based capital requirements bind.Banks can choose to hold either riskless or risky asset portfolios.Higher expected profits in the second period induce an unregulated bank to reduce risk in the first period to decrease the probability of failure and thereby improve the likelihood of receiving second-period profits.On the one hand,
a tighter risk-based capital requirement imposed in the second period reduces that period’s profits in the case of success and hence induces more risk-taking in the first period.On the other hand,a tighter risk-based capital requirement imposed during either the first or second period induces a decline in the feasible allocation of funds to risky assets,thereby reducing risk.When capital requirements bind in the first period only,the latter effect dominates,and risk falls.When capital regulation constrains the bank only in the second period,however,risk increases.Blum finds that if capital requirements bind in both periods,the effect on risk is ambiguous.
Blum (1999) offers a two-period approach showing that the value of equity in later periods is altered when risk-based capital requirements bind.Banks can choose to hold either riskless or risky asset portfolios.Higher expected profits in the second period induce an unregulated bank to reduce risk in the first period to decrease the probability of failure and thereby improve the likelihood of receiving second-period profits.On the one hand,
a tighter risk-based capital requirement imposed in the second period reduces that period’s profits in the case of success and hence induces more risk-taking in the first period.On the other hand,a tighter risk-based capital requirement imposed during either the first or second period induces a decline in the feasible allocation of funds to risky assets,thereby reducing risk.When capital requirements bind in the first period only,the latter effect dominates,and risk falls.When capital regulation constrains the bank only in the second period,however,risk increases.Blum finds that if capital requirements bind in both periods,the effect on risk is ambiguous.
《(1999)提供了一个两期方法显示股权价值在后期改变风险资本要求时约束.银行可选用任一无风险资产或投资组合.更高的预期利润在下半场引起各种降低风险的银行在第一节来减少故障的概率,从而提高利润的可能性接收十指关.另一方面,
风险资本需求强加紧在第二节期间的利润减少的情况下,并因此导致更多的冒险成功在第一节.另一方面,基于风险的资本要求实行严格的第一或第二时期衰退导致资金分配到可行的风险资产,从而降低风险.当资本要求绑在第一节只占主导地位,后者的影响,以及风险下降.银行资本监管约束时,只有在第二个阶段,然而,风险增大.如果资本要求的《发现两期,绑定的影响是不明确的.
风险资本需求强加紧在第二节期间的利润减少的情况下,并因此导致更多的冒险成功在第一节.另一方面,基于风险的资本要求实行严格的第一或第二时期衰退导致资金分配到可行的风险资产,从而降低风险.当资本要求绑在第一节只占主导地位,后者的影响,以及风险下降.银行资本监管约束时,只有在第二个阶段,然而,风险增大.如果资本要求的《发现两期,绑定的影响是不明确的.
英语翻译Blum (1999) offers a two-period approach showing that th
英语翻译Seller warrants that,for a period of two (2) years from
英语翻译Trade models that take a general equilibrium approach ty
英语翻译Neosteel offers a Chastity Belt Measuring Kit to take th
英语翻译During the dry period that are common phenomena along th
英语翻译imagine a graph showing amount a person learn against th
英语翻译The two-storey retail store,covering 12,000sq m,offers a
英语翻译We present a 3-D finite element (FE) approach to find th
英语翻译showing feelings:Do your culture believe that showing pa
英语翻译The 19th century--Victorian era,it was a period when Eng
英语翻译Program funding is given for a three-year period,with th
英语翻译Now we know a period about two weeks must pass before a