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2007, and especially in the euro area after 2010. That crisis triggered major changes to European financial regulation and … the euro area and increased the euro area's resilience. Asian financial integration lags well behind Europe, and there is …
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regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to …: it rises as regulation stringency moves from low to medium levels and falls from medium to high levels. Countries located …
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This article explores the effect of delays in updating prudential regulation on countries' likelihood of experiencing … banking crises, and it disentangles the impact of different aspects of regulation on crisis onset. I argue that delays in … revising banks' prudential regulation allow banks to adopt risky behavior. This increases a country's vulnerability to systemic …
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Many of the main actors constructing financial regulation in the wake of the global financial crisis era have a stated … commitment to transparency. However, transparency in financial regulation is undermined because the information disclosed is … limited usefulness to observers of financial regulation because it is characterized by multiple complexities: financial …
Persistent link: https://www.econbiz.de/10012922779
Many of the main actors constructing financial regulation in the wake of the global financial crisis era have a stated … commitment to transparency. However, transparency in financial regulation is undermined because the information disclosed is … limited usefulness to observers of financial regulation because it is characterized by multiple complexities: financial …
Persistent link: https://www.econbiz.de/10014172346
This paper aims to quantify the political risk effect and its different economic implications in normal and crisis situations through the proxy analysis of election and the sovereign bond spreads. Our study leads to three main findings. First, in normal economic situations, elections and...
Persistent link: https://www.econbiz.de/10009781196