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Confidence in combining inflation-targeting-cum-flexible-exchange-rate regimes with isolated microprudential regulation as a means to guarantee both macroeconomic and financial stability has been shattered by the scale and synchronization of asset price booms and busts that preceded the current...
Persistent link: https://www.econbiz.de/10012974709
The intensity of recent turbulence in financial markets has surprised nearly everyone. This paper searches out the root causes of the crisis, distinguishing them from scapegoating explanations that have been used in policy circles to divert attention from the underlying breakdown of incentives....
Persistent link: https://www.econbiz.de/10012552219
Financial intermediation and financial services industries have undergone many changes in the past two decades due to deregulation, globalization, and technological advances. The framework for regulating finance has seen many changes as well, with approaches adapting to new issues arising in...
Persistent link: https://www.econbiz.de/10012553921
Confidence in combining inflation-targeting-cum-flexible-exchange-rate regimes with isolated microprudential regulation as a means to guarantee both macroeconomic and financial stability has been shattered by the scale and synchronization of asset price booms and busts that preceded the current...
Persistent link: https://www.econbiz.de/10012557977
Banking markets are becoming increasingly international through financial liberalization and general economic integration. Using bank-level data for 80 countries for 1988-95, the authors examine the extent of foreign ownership in national banking markets. They compare net interest margins,...
Persistent link: https://www.econbiz.de/10012966173
also highlighted the importance of insolvency systems to resolve corporate sector financial distress. The literature and … the effects of specific design features of insolvency regimes in relation to the quality of the countries' overall … system. These findings suggest that there are important incentive effects of insolvency systems encouraging less risky …
Persistent link: https://www.econbiz.de/10012559623