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Bank regulation might have contributed to or even reinforced adverse systemic shocks that materialised during the … of bank equity, regulation that is not based on risk-weighted assets would affect annual GDP growth by -0.02 percentage …
Persistent link: https://www.econbiz.de/10009386330
The 2008-09 global financial crisis did not result in the failure of any major financial institution in Israel, but it did reveal vulnerabilities in the non-banking sector . particularly in the corporate-bond market. Conservative regulation of the banking sector helped this segment avoid a...
Persistent link: https://www.econbiz.de/10009386332
point per annum. Economic output is mainly affected by an increase in bank lending spreads as banks pass a rise in bank … Tier 1 capital ratio) could increase bank lending spreads by about 50 basis points. The estimated effects on GDP growth …
Persistent link: https://www.econbiz.de/10008838314
This paper aims at providing an overview of the theoretical considerations and a review of the empirical literature on the relationship between finance and growth. Section I describes the role of financial development in economic growth at the macro level, both theoretically and empirically....
Persistent link: https://www.econbiz.de/10005046080
The global financial crisis that emerged in mid 2007 has caused considerable economic disruptions in the United States and elsewhere, and exposed major flaws in the global financial system. After examining the origins of the crisis, this paper recommends specific policy responses to resolve the...
Persistent link: https://www.econbiz.de/10005045609
This paper analyzes the effects of fiscal convergence on business cycle volatility and growth. Using a panel 21 OECD countries (including 11 EMU countries) and 40 years of data, we find that countries with similar government budget positions tend to have smoother business cycles. That is, fiscal...
Persistent link: https://www.econbiz.de/10005045629
banking services and financial instruments. The regulatory indicators are assembled from surveys conducted by the World Bank …
Persistent link: https://www.econbiz.de/10005045781
Russian bank reform strategy concerns the future of state-owned banks. Despite a long-standing official commitment to reducing … the role of the state – and of the Bank of Russia in particular – in the ownership of credit institutions, there is still …
Persistent link: https://www.econbiz.de/10005045927
Financial innovation and integration have spurred financial development and enhanced consumer choice. Financial integration has also been associated with the emergence of large, complex, cross-border financial institutions (LCFIs). This has changed risk profiles and made cross-border contagion...
Persistent link: https://www.econbiz.de/10005046208
This paper examines how a range of stability-oriented regulatory policies for banking and insurance are related to selected stability and competition outcomes in these sectors. Based on survey information on financial market regulation, policy indicators for eight areas of prudential banking...
Persistent link: https://www.econbiz.de/10008498028