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This work is a PhD dissertation, written at the Department of Economics, McGill University. The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of...
Persistent link: https://www.econbiz.de/10005789620
-dealers and bidders results in lower municipal interest rates, the amount of literature addressing auction rate securities is … almost non-existent. The U.S. municipal auction rate securities market (MARS) offers an opportunity to expand the growing but …
Persistent link: https://www.econbiz.de/10009647451
This paper considers and assesses various explanations attributed as principal factors of the recent Financial Crisis. In particular, it focuses on two principal regulatory tools which constitute the basis of the framework promulgated by recent Basel Committee's initiatives, that is, Basel III....
Persistent link: https://www.econbiz.de/10008777385
The text explores generally whether recommendations relating to deposit insurance are international guidleines or mandatory rules, explores the role of deposit insurance as one of several elements in the financial safety net, and offers an outlook to a future with more research and cross-border...
Persistent link: https://www.econbiz.de/10011260867
The paper traces the determinants of depositor discipline in Indian banking. Using data for the period 1997:1 to 2002:4, the findings reveal that, while bank-specific factors are dominant in case of state-owned banks, systemic variables tend to overwhelm bank-specific factors in explaining...
Persistent link: https://www.econbiz.de/10005015580
Policy debate with regard to financial intermediaries has focused on whether, and to what extent, governments should impose capital adequacy requirements on banks, or alternately, whether market forces could also ensure the stability of banking systems. The paper contributes to this debate by...
Persistent link: https://www.econbiz.de/10005015581
Indonesia established a deposit insurance system to maintain stability in its banking sector after the abolishment of blanket guarantees in 2005. Since the insurance premiums are fixed and flat, deposit insurance may create an incentive for banks to take more risks and transfer the risks to the...
Persistent link: https://www.econbiz.de/10009395492
Why do policies often seem to converge across countries at the same time? This question has been studied extensively in the diffusion literature. However, past research has not examined complex choice environments, especially where there are many alternatives. My paper aims to fill this gap in...
Persistent link: https://www.econbiz.de/10009422000
deposit insurance will be associated with banking insolvency and credit crunch more than with bank runs. To test this …�cant e¤ect either on bank insolvency and credit crunch or on bank runs. However, when the deposit insurance is coupled with … an increase in credit to private sector, it has a positive and signi�cant e¤ect on bank insolvency and credit crunch but …
Persistent link: https://www.econbiz.de/10009644767
The narrow banking proposal defining a class of safe and liquid assets (generally sovereign Government securities) for …
Persistent link: https://www.econbiz.de/10005089315