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The pullbacks of capital inflows to developing Asia following the onset of the global financial crisis in 2008 have brought renewed attention to the role and benefits of financial globalization. A number of notable distinctions between the current global crisis and the Asian financial crisis...
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This is a chapter for a forthcoming volume Oxford Handbook of Financial Regulation (Oxford University Press 2014) (eds. Eilís Ferran, Niamh Moloney, and Jennifer Payne). It provides an overview of EU financial regulation from the first banking directive up until its most recent developments in...
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characterized by higher uncertainty and geopolitical risk, tighter credit and liquidity conditions, and sluggish economic and real …
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currency hierarchy is organized by the different degrees of liquidity premia currencies offer, in the financial hierarchy, not … currencies, but financial assets are placed according to the nominal yield. While FMEs' currencies have a lower liquidity premium …
Persistent link: https://www.econbiz.de/10014433727
allows banks in different regions to smooth local liquidity shocks by borrowing and lending on a world interbank market. We … second-best world, financial integration can increase the welfare benefits of liquidity requirements … show under which conditions financial integration induces banks to reduce their liquidity holdings and to shift their …
Persistent link: https://www.econbiz.de/10012957374
allows banks in different regions to smooth local liquidity shocks by borrowing and lending on a world interbank market. We … second-best world, financial integration can increase the welfare benefits of liquidity requirements … show under which conditions financial integration induces banks to reduce their liquidity holdings and to shift their …
Persistent link: https://www.econbiz.de/10012455322
Integrated capital markets could smooth a large share of country-specific consumption and income fluctuations. Equity capital play an important role in the process. Insolvency regulations are a key factor for stronger equity market integration. Uniform European insolvency regulations are...
Persistent link: https://www.econbiz.de/10012007520
The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....
Persistent link: https://www.econbiz.de/10003831857
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