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Survey data from Bulgaria show that people who had experienced a loss during a banking crisis are significantly more likely to expect a new crisis. This result holds despite 12 years between the earlier crisis and the survey, and the dramatically improved performance of the financial sector and...
Persistent link: https://www.econbiz.de/10008529023
Motivated by recent public policy debates on the role of market discipline in banking stability, I examine the impact of greater bank disclosure in mitigating the likelihood of systemic banking crisis. In a cross sectional study of banking systems across 49 countries in the 90s, I find that...
Persistent link: https://www.econbiz.de/10005652509
The study examines the economic consequences of regulated disclosure in the banking sector, focusing on its impacts on the stability of banking systems. In a cross-country study of banking systems across 49 countries in the 90s, I find that banking crises are less likely in countries with...
Persistent link: https://www.econbiz.de/10005677694
Motivated by recent public policy debates on the role of market discipline in banking stability, the study examines the impact of greater bank disclosure in mitigating the likelihood of systemic banking crisis. In a cross sectional study of banking systems across forty-nine countries in the...
Persistent link: https://www.econbiz.de/10005677701
also how these sectors were affected by changes in economic freedom and corruption. When we assess the role of regulation … and corruption on public investment, we find that improvements in economic freedom tend to be associated with decreases in … public investment, while reductions in corruption produce effects going in both directions. Similarly, we show that increases …
Persistent link: https://www.econbiz.de/10009001043
We provide a theoretical framework for understanding when an official angles for a bribe, when a client pays, and the payoffs to the client’s decision. We test this frame work using a new data set on bribery of Peruvian public officials by households. The theory predicts that bribery is more...
Persistent link: https://www.econbiz.de/10005784704
Although the theoretical literature often uses lobbying and corruption synonymously, the empirical literature … associates lobbying with the preferred mean for exerting influence in developed countries and corruption with the preferred one … suggest that (a) lobbying and corruption are fundamentally different, (b) political institutions play a major role in …
Persistent link: https://www.econbiz.de/10008529021
-seeking and corruption? This question is answered by demonstrating that Suharto, the leader of Indonesia’s New Order government …-growth with equity political coalition in which corruption played a central role. …
Persistent link: https://www.econbiz.de/10005489893
hypotheses about three basic social norms of governance: the rule of law, corruption, and accountability. These norms correlate …
Persistent link: https://www.econbiz.de/10005652615
, transitional corruption and other institutional and political factors. The model is based on a survey on Bulgarian banks and a …, associated mainly with the inefficiency of the judicial system, corruption, state capture, uncertain property rights, etc. …
Persistent link: https://www.econbiz.de/10005652643