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of government in the insolvency-resolution process. Consistent with an hypothesis that FDICIA has improved incentives … transitions and the character of insolvency resolutions have changed substantially under FDICIA. The average interval between bank …
Persistent link: https://www.econbiz.de/10012464072
This essay shows that government credit-allocation schemes generate incentive conflicts that undermine the quality of bank supervision and eventually produce banking crisis. For political reasons, most countries establish a regulatory culture that embraces three economically contradictory...
Persistent link: https://www.econbiz.de/10012464752
efficiently with cross-border issues. To track and control insolvency risk within and across any set of countries, officials must …
Persistent link: https://www.econbiz.de/10012466806
As financial institutions and markets transact more and more cross-border business, gaps and flaws in national safety nets become more consequential. Because citizens of host (home) countries may be made to pay for mistakes made in the home (host) country, Basel's lead-regulator paradigm...
Persistent link: https://www.econbiz.de/10012466813