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This paper focuses on the relevance to emerging economies of three major financial reforms following the global financial crisis of 2007–2009: the improved capital requirements intended to reduce the risk of bank failure ('Basel III'), the improved recovery and resolution regimes for global...
Persistent link: https://www.econbiz.de/10013088463
, and a balanced approach to restructuring and regulation among different types of financial institutions. The paper also …
Persistent link: https://www.econbiz.de/10010286125
The recent financial crisis has shown that financial innovation can have devastating systemic impacts. International standard setters' and national regulators' response has been a global concerted effort to overhaul and tighten financial regulations. However, at a time of designing stricter...
Persistent link: https://www.econbiz.de/10010286171
mediating role for regional-level institutions of financial regulation between national regulators in Asia and global … financial sector surveillance and regulation to promote regional financial stability; and (iii) cooperating with global … Asia in regional financial cooperation and regulation and draws lessons for Asia. The EU represents the most advanced stage …
Persistent link: https://www.econbiz.de/10010397350
to ascertain how crises might be mitigated in the future through better regulation, supervision, and institution …
Persistent link: https://www.econbiz.de/10013144645
2007, and especially in the euro area after 2010. That crisis triggered major changes to European financial regulation and …
Persistent link: https://www.econbiz.de/10012966463
The paper uses the emerging Association of Southeast Asian Nations (ASEAN) Economic Community as a motivation to explore the issue of capital flow management in an economic community. Although there is an increasingly shared view that capital flow management measures should be part of the...
Persistent link: https://www.econbiz.de/10013101187
Regional monetary and financial cooperation in Asia has been discussed for years. To move towards a coordinated exchange rate policy, Ogawa and Shimizu (2005) proposed both an Asian Monetary Unit (AMU), which is a common currency basket computed as a weighted average of the thirteen ASEAN 3...
Persistent link: https://www.econbiz.de/10013127643
This paper extends our previous paper (Aizenman, Chinn, and Ito 2008) and explores some of the unexplored questions. First, we examine the channels through which the trilemma policy configurations affect output volatility. Secondly, we investigate how trilemma policy configurations affect the...
Persistent link: https://www.econbiz.de/10013144649
use of prudential regulation, and continued financial market development practiced by most Asian EMEs over the past decade …
Persistent link: https://www.econbiz.de/10013116190