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The paper provides an overview of the profound and rapid changes in banking brought about by technology and deregulation, and discusses the hurdles that will have to be negotiated for putting in place the three pillars-capital adequacy rules, supervision, and market discipline-of the bank...
Persistent link: https://www.econbiz.de/10005768980
consumption volatility. Calibration of the model for pre and post financial reform in India provides support for the model's key …
Persistent link: https://www.econbiz.de/10010790416
focused on tail events, which yields evidence on these questions. The results, for India, do not suggest that financial …
Persistent link: https://www.econbiz.de/10011242270