Showing 1 - 7 of 7
This study provides comparative perspectives on the current and prospective situation of financial market development in ASEAN, the PRC, and India, identifies key priorities for strengthening financial infrastructure to promote financial development and regional integration, and produces policy...
Persistent link: https://www.econbiz.de/10010397340
In this paper, we present two stylized models of the financial system. We make the case that in order to realize the potential of a well-functioning complete financial market, financial system designers and financial service providers will need to think about ways to deliver financial...
Persistent link: https://www.econbiz.de/10010286094
, and a balanced approach to restructuring and regulation among different types of financial institutions. The paper also …
Persistent link: https://www.econbiz.de/10010286125
Financial markets that function well are crucial for the long-run economic growth of a country. This paper, in the first instance, looks at how the financial development of an economy can be measured. It then traces the financial development of India through the 1990s to the present, assessing...
Persistent link: https://www.econbiz.de/10010286076
Reform of financial regulation is a priority on the international agenda. At the call of the Group of Twenty Finance … Ministers and Central Bank Governors (G-20), a number of new international standards have been issued, most notably Basel III … the PRC find it quite easy to meet the new Basel III capital and liquidity standards. Basel III is only part of an …
Persistent link: https://www.econbiz.de/10010286081
In this paper we investigate the effect of local banking development on firms' innovative activities, using a rich data set on innovation for a large number of Italian firms over the 1990's. There is evidence that banking development affects the probability of process innovation, particularly...
Persistent link: https://www.econbiz.de/10010267494
This paper studies the effect of product market competition on the compensation packages that firms offer to their executives and in particular its impact on the sensitivity of pay to performance. To measure the effect of competition we use two different identification strategies on a panel of...
Persistent link: https://www.econbiz.de/10010272722