• Banks’ Optimal Implementation Strategies for a Risk Sensitive Regulatory Capital Rule: A Real Options and Signalling Approach 

      Nordal, Kjell Bjørn (Working Papers;12/2006, Working paper, 2006)
      I evaluate a bank's incentives to implement a risk sensitive regulatory capital rule and to invest in improved risk measurement. The decision making is analyzed within a real options framework where optimal policies are ...
    • Mental Accounting in the Housing Market 

      Almenberg, Johan; Karapetyan, Artashes (Working Papers;20/2010, Working paper, 2010)
      We report evidence that salience may have economically significant effects on homeowners' borrowing behavior, through a bias in favour of less salient but more costly loans. We outline a simple model in which some consumers ...
    • The Hidden Costs of Hidden Debt 

      Almenberg, Johan; Karapetyan, Artashes (Working Papers;22/2011, Working paper, 2011)
      We report evidence that salience may have economically significant effects on homeowners’ borrowing behavior, through a bias in favour of less salient but more costly loans. Survey evidence corroborates the existence of ...