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deregulation to financial integration, and thereby to economic growth. We document a positive, but conditional, effect of financial …
Persistent link: https://www.econbiz.de/10012857207
Studying key events related to the repeal of Dodd-Frank policies we find that banking deregulation can create …
Persistent link: https://www.econbiz.de/10013405859
The main objective of this paper is to suggest reform measures to address the gaps and weaknesses in emerging Asia's financial regulatory and supervisory systems, on the basis of lessons drawn from the global crisis. For emerging Asia, the direct impact of the global financial crisis has been...
Persistent link: https://www.econbiz.de/10011283456
Persistent link: https://www.econbiz.de/10011348474
Drawing broadly on the literature on the political economy of the financial crisis, the paper looks at deregulation as … opportunistic profit (rent) seeking was more the cause rather than the effect of moral hazard and regulation failure. Deregulation … deregulation promised in turn incentivized financial firms to invest in tilting the political process to shape government policy …
Persistent link: https://www.econbiz.de/10011435704
Persistent link: https://www.econbiz.de/10003826316
This paper examines the effects of the bank merger deregulation passed by U.S. Congress in 1994 on the board … states for 3 years, I found that banks in states with intrastate branching deregulation had a lower proportion of outside … board directors (OBDs) and banks in states with interstate banking and the bank holding company deregulation had a higher …
Persistent link: https://www.econbiz.de/10013128982
The debate over the political power of business has witnessed a revival after the global financial crisis of 2007-2009. We begin by arguing that business political fragmentation or unity has important consequences for policy outcomes. The structure of the U.S. government is conducive to...
Persistent link: https://www.econbiz.de/10013133413
Given the fragmented structure of the U.S. government, business is able to capitalize on its structural power only when it is united. This paper illustrates this dynamic through an analysis of the processes leading to the enactment of the Financial Modernization Act (FMA) of 1999, which repealed...
Persistent link: https://www.econbiz.de/10013140865
Despite the various reforms of prudential banking regulation from 1989 to 2002, and the substantial addition of new prudential regulations during that period, there were three key policy errors, all of which had been at the core of the banking disasters of the 1980s, which returned with a...
Persistent link: https://www.econbiz.de/10013083289