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diversification strategies and the risk-return tradeoff in banking. Our data set covers Russian banks during the 1999-2006 period and … finds somewhat mixed results. Specifically, we find that banks’ performance tends to be non-monotonically related to their … decreased risk only up to a certain threshold. Additionally, when foreign ownership is either very high or very low, banks tend …
Persistent link: https://www.econbiz.de/10008466294
Straightforward exchange rate arrangements known as currency boards have gained popularity during the past dec-ade. Among transition economies, Estonia first introduced a currency board in 1992, followed by Lithuania in 1994 and Bulgaria in 1997. Currency boards have been useful in achieving...
Persistent link: https://www.econbiz.de/10005419602
banks impairs earnings quality. As a result, banking reform improves earnings quality partially through its ability to curb …
Persistent link: https://www.econbiz.de/10011098217
requirements tend to signal a tightening bias, to squeeze excess reserves of banks, to push market interest rates higher, and to … policy tool, as it imposes a tax burden on Chinese banks that in turn appear to have passed a significant portion of this …
Persistent link: https://www.econbiz.de/10009645240
We document recent developments in the use of sterilisation bonds by six central banks in emerging Asia, and discuss … exchange interventions in past years has been the frequent use of central banks’ own paper. There has been an attempt to … has fallen relative to the rate of remuneration of required reserves, some central banks in Asia have increasingly used …
Persistent link: https://www.econbiz.de/10010611609
study the licensing policy of the Central Bank of Russia (CBR) during 1999-2002. Banks in poorly banked regions, banks that … are too big to be disciplined adequately, and banks that are active on the interbank market enjoy protection from license … banks that violate the individual's deposits-to-capital ratio as this conflicts with the tacit CBR objective to secure …
Persistent link: https://www.econbiz.de/10005648563
In this paper we explore the evidence that would establish that Dutch disease is at work in, or poses a threat to, the Kazakh economy. Assessing the mechanism by which fluctuations in the price of oil can damage non-oil manufacturing—and thus long-term growth prospects in an economy that...
Persistent link: https://www.econbiz.de/10005648636
where the regulator has limited resources and banks may have an incentive to act ultra virus the regulatory standards. If … banks are subject to random audit, then compliance is achieved through a system of fines determined according to the extent … of non-compliance. The model shows that the choice of internal monitoring of risk is driven by each bank’s choice of the …
Persistent link: https://www.econbiz.de/10005648640
This paper deals with the relationship between mass privatization and stock market development in transition economies. The link is investigated empirically using a panel of data that includes most transition countries. Our results confirm the hypothesis that mass privatization exerted a...
Persistent link: https://www.econbiz.de/10005419586
The paper presents a study of Russian banks' interest rates on household deposits during the formation period of the …
Persistent link: https://www.econbiz.de/10005419587