Showing 1 - 10 of 119
The paper analyzes the financial crisis of through the lens of market failures and regulatory failures. We present a … case that there were four primary failures contributing to the crisis : excessive risk-taking in the financial sector due … of Continental Illinois, Savings and Loans crisis and Long-Term Capital Management, expectations of too …
Persistent link: https://www.econbiz.de/10011278053
The paper analyzes the financial crisis of through the lens of market failures and regulatory failures. We present a … case that there were four primary failures contributing to the crisis : excessive risk-taking in the financial sector due … of Continental Illinois, Savings and Loans crisis and Long-Term Capital Management, expectations of too …
Persistent link: https://www.econbiz.de/10011278152
The paper analyzes the financial crisis of through the lens of market failures and regulatory failures. We present a … case that there were four primary failures contributing to the crisis : excessive risk-taking in the financial sector due … of Continental Illinois, Savings and Loans crisis and Long-Term Capital Management, expectations of too …
Persistent link: https://www.econbiz.de/10011278206
based mainly on the Korean experience during the 1997 Asian financial crisis. Crises in emerging market and developing … effective crisis management team of experts given a clear mandate with well defined power; strong political support; effective …
Persistent link: https://www.econbiz.de/10009363798
In this paper, we develop a specific observable symptom of a banking system that underprices the default spread in non-recourse asset-backed lending. Using three different data sets for 18 countries and property types, we find that, following a negative demand shock, the underpricing economies...
Persistent link: https://www.econbiz.de/10009363811
The failure to spot emerging systemic risk and prevent the current global financial crisis warrants a reexamination of … the approach taken so far to crisis prevention. The paper argues that financial crises can be prevented, as they build up …
Persistent link: https://www.econbiz.de/10009363819
Credit rating agencies (CRAs) bear some responsibility for the financial crisis that started in 2007 and remains …, given the depth of the crisis, CRAs would not be able to satisfy policymakers by eliminating flaws in their rating methods … crisis, after the crisis started, politicians became increasingly vocal in demanding regulation. Initially, these demands …
Persistent link: https://www.econbiz.de/10009363895
lessons of the global financial crisis (GFC) of 2007–09 and their relevance for Asian economies. Part two describes the …
Persistent link: https://www.econbiz.de/10011134333
entrepreneurship. Through a detailed study of the campaign to eliminate child labour in Pakistans soccer ball manufacturing industry … conventional understanding of institutional entrepreneurship and holds significant implications for future studies …
Persistent link: https://www.econbiz.de/10009365088
This paper seeks to add to the current debate about financial development and growth in the emerging world by looking at how different financial systems evolve : how and why financial structures change during various stages of development, how best to measure them, and seeing what practical...
Persistent link: https://www.econbiz.de/10011278013