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Market Failures and Regulatory Failures : Lessons from Past and Present Financial Crises
Acharya, Viral V. - 2011
presents a case that there were four primary failures contributing to the crisis: excessive risk-taking in the financial sector … due to mispriced government guarantees; regulatory focus on individual institution risk rather than systemic risk; opacity …
Persistent link: https://www.econbiz.de/10013130373
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Market failures and regulatory failures: Lessons from past and present financial crises
Acharya, Viral V.; Cooley, Thomas; Richardson, Matthew; … - 2011
case that there were four primary failures contributing to the crisis: excessive risk-taking in the financial sector due to … mispriced government guarantees; regulatory focus on individual institution risk rather than systemic risk; opacity of positions …
Persistent link: https://www.econbiz.de/10010286114
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Foreign fund flows and equity prices during the Covid-19 pandemic: Evidence from India
Acharya, Viral V.; Anshuman, V. Ravi; Kiran Kumar, K. - 2022
We study the period of the COVID-19 pandemic to assess the impact of foreign institutional investor (FII) flows on asset prices in an emerging market. Using a dataset of stock-level foreign fund flows of Indian equities, we show that stocks experiencing abnormally high innovations in foreign...
Persistent link: https://www.econbiz.de/10013472142
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Foreign Fund Flows and Equity Prices during the COVID-19 Pandemic : Evidence from India
Acharya, Viral V.; Anshuman, V. Ravi; Kumar, K. Kiran - 2022
We study the period of the COVID-19 pandemic to assess the impact of foreign institutional investor (FII) flows on asset prices in an emerging market. Using a dataset of stock-level foreign fund flows of Indian equities, we show that stocks experiencing abnormally high innovations in foreign...
Persistent link: https://www.econbiz.de/10013492083
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Risk-Return Efficiency, Financial Distress Risk, and Bank Financial Strength Ratings
Hua, Changchun; Liu, Li-Gang - 2010
their risk-return profiles. It is expected that banks with high ratings tend to earn high expected returns for the risks … achieving risk-return efficiency. We first estimate the expected returns, risks, and financial distress risk proxy (the inverse … z-score), then apply the stochastic frontier analysis (SFA) to obtain the risk-return efficiency score for each bank …
Persistent link: https://www.econbiz.de/10014192502
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Asian trade and global linkages
Brooks, Douglas H.; Hua, Changchun - 2008
In the run-up to the 2008 global financial crisis, there was frequent discussion of Asia having decoupled from economic shock transmission originating in Europe or North America. Much of the basis for these arguments was related to the rapid expansion of intraregional trade in Asia. This paper...
Persistent link: https://www.econbiz.de/10010279805
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Risk-return efficiency, financial distress risk, and bank financial strength ratings
Hua, Changchun; Liu, Li-gang - 2010
their risk-return profiles. It is expected that banks with high ratings tend to earn high expected returns for the risks … achieving risk-return efficiency. We first estimate the expected returns, risks, and financial distress risk proxy (the inverse … z-score), then apply the stochastic frontier analysis (SFA) to obtain the risk-return efficiency score for each bank …
Persistent link: https://www.econbiz.de/10010286128