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作者：Lehigh University
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作者：London Metropolitan University
摘要：In the post-Second World War period the floor fell out of the market for films in the United States. However, while the average revenue of films fell, the hit end of the market sustained itself. The growing inequality in the distribution of revenues meant that the risks associated with high-budget productions could no longer be balanced against the steady earnings of medium-budget films. During the 1950s the majors all became distributor-financiers as they reduced their exposure to the risks a...
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作者：Massey University
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作者：George Washington University
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作者：Stockholm School of Economics
摘要：This study estimates the size of the so-called informal, or unintermediated, credit market in one Swedish city through a period of economic transformation. In the early 1840s promissory notes accounted for more than half of the total credit market, and almost four times the value of credit channeled through the banking system. Even in the 1870s, the promissory-note market was twice the size of the loan volume of the banking system. By 1905 bank-based credit had finally surpassed the informal v...
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作者：Indiana University System; Indiana University Bloomington
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作者：Washington & Lee University; Federal Reserve System - USA; Federal Reserve Bank - Dallas
摘要：Using recently collected examination data from a sample of Texas state-chartered banks over the period 1919-1926, the role of moral hazard in increasing ex-ante asset risk is explored. Analyzing individual bank-level data, we find that the existence of deposit insurance for state-chartered banks increased their likelihood of failure. Increases in loan concentrations followed declines in capitalization at insured state banks. However, we find no statistically significant relationship between lo...
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作者：Harvard University
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作者：University of London; London School Economics & Political Science
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作者：Doti, LP
