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In this paper we first develop an axiomatic measure of financial inclusion. This measure is readily implementable and useful to determine policy priorities to promote financial inclusion. Next, we demonstrate that supply side data on banking services can be usefully employed to measure financial...
Persistent link: https://www.econbiz.de/10010703095
This paper explores financial stability policies for the shadow banking system. I tie policy options to economic mechanisms for shadow banking that have been documented in the literature. I then illustrate the role of shadow bank policies using three examples: agency mortgage real estate...
Persistent link: https://www.econbiz.de/10011186633
For Afghanistan, the dual prospect of declining donor support and high ongoing security spending over the medium term keeps its government budget tight. This paper uses a general equilibrium model to capture the security–development trade-off facing the government in its effort to...
Persistent link: https://www.econbiz.de/10011141176
This paper provides cross-country empirical evidence on the productivity of bank transaction taxes (BTTs). Our data set …
Persistent link: https://www.econbiz.de/10012445216
Persistent link: https://www.econbiz.de/10013463526
financial crisis ; limited purpose banking ; maturity mismatch ; narrow money ; Pigouvian taxes ; ring fencing ; systemic …
Persistent link: https://www.econbiz.de/10009719585
across the three regulations. For Basel III we find support for the regulatory burden hypothesis of the bank lending channel …
Persistent link: https://www.econbiz.de/10011514259
This essay argues that at least some of the financial stability concerns associated with shadow banking can be addressed by an approach to financial regulation that imports its functional foundations more vigorously into the interpretation and implementation of existing rules. It shows that the...
Persistent link: https://www.econbiz.de/10010411253
consider time-in-force rules, cancellation fees, transaction taxes, rebate fee structures, and speed bumps. While some of these … regulations lead to improvements in a number of market quality measures, this generally does not translate into higher welfare for … long-term investors. Rather, the main effect of such regulations is to generate wealth transfers from high …
Persistent link: https://www.econbiz.de/10011412034
imposing local regulations (including financial sanctions). Functioning of financial institutions in emerging markets becomes …
Persistent link: https://www.econbiz.de/10012591641