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This paper analyzes the consequences of alternative financial structures for financial efficiency and stability. The focus is on the organizational structure of banks. Alternative bank structures range from "narrow banks" to broad "universal banks". Each banking structure is assessed in its...
Persistent link: https://www.econbiz.de/10011541581
Persistent link: https://www.econbiz.de/10013552074
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This paper analyzes the consequences of alternative financial structures for financial efficiency and stability. The focus is on the organizational structure of banks. Alternative bank structures range from 'narrow banks' to broad 'universal banks.' Each banking structure is assessed in its...
Persistent link: https://www.econbiz.de/10010943808
This paper provides an overview of the reserve requirement measures undertaken by the Central Bank of Peru. It provides a rationale for the use of these instruments as well as empirical evidence of their effectiveness. In general, the results show that tightening reserve requirements has the...
Persistent link: https://www.econbiz.de/10010943927
The importance of having in place a financial regulatory framework that includes macro-prudential regulations was fully recognized during the recent global financial crisis. A central lesson from that episode was that relying on regulations that solely assessed the risks that financial...
Persistent link: https://www.econbiz.de/10010673681
Persistent link: https://www.econbiz.de/10000533392
. Historically, small- and medium-sized famers experience problems accessing formal finance. Participation in a well-structured and … guarantees for smaller actors, relying on donor financed guarantee funds, and buyer/exporter finance; (iii) creditor rights are … fewer risks faced; (v) the legacy of inappropriate government interventions, namely debt forgiveness programs, and generally …
Persistent link: https://www.econbiz.de/10009198527
evolution of housing finance in Chile, including the role of the government and the development of the secondary market for …This paper presents the experiences of the housing finance market in Chile. It was first presented at a regional …
Persistent link: https://www.econbiz.de/10009205892