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Cross-Border Banking in Regulated Markets : Is Financial Integration Desirable?

Haufler, Andreas - 2016

We set up a two-country, regional model of trade in financial services. Competitive firms in each country manufacture untraded consumer goods in an uncertain productive environment, borrowing funds from a bank in either the home or the foreign market. Duopolistic banks can choose their levels of...

Persistent link: https://www.econbiz.de/10012978391

International Financial Integration and Real Exchange Rate Long-Run Dynamics in Emerging Countries : Some Panel Evidence

Caporale, Guglielmo Maria - 2009

America, Asia and MENA). It covers the period 1979-2004, and carries out “second-generation” tests for non-stationary panels …

Persistent link: https://www.econbiz.de/10013155428

Global and Regional Spillovers in Emerging Stock Markets : A Multivariate Garch-in-Mean Analysis

Beirne, John - 2013

. Tri-variate VAR GARCH(1,1)-in-mean models are estimated for 41 emerging market economies (EMEs) in Asia, Europe, Latin … crossmarket linkages varies across countries and regions. While spillovers in mean returns dominate in emerging Asia and Latin … dominating in Asia, and regional spillovers in Latin America and the Middle East …

Persistent link: https://www.econbiz.de/10013095613

Regulatory Competition in Capital Standards with Selection Effects Among Banks

Haufler, Andreas - 2016

Several countries have recently introduced national capital standards exceeding the internationally coordinated Basel III rules, thus suggesting a ‘race to the top' in capital standards. We study regulatory competition when banks are heterogeneous and give loans to firms that produce output in...

Persistent link: https://www.econbiz.de/10012993695

Bank Capital Regulation with an Opportunistic Rating Agency

Efing, Matthias - 2013

This paper models the strategic interaction between a rating agency, a bank and a bank regulator who lacks information about bank asset risk. The regulator can either (1) make bank capital requirements contingent on credit ratings; or (2) set rating-independent capital requirements. Truthful...

Persistent link: https://www.econbiz.de/10013080503

Bank Networks : Contagion, Systemic Risk and Prudential Policy

Aldasoro, Iñaki - 2015

We present a network model of the interbank market in which optimizing risk averse banks lend to each other and invest in non-liquid assets. Market clearing takes place through a tâtonnement process which yields the equilibrium price, while traded quantities are determined by means of a...

Persistent link: https://www.econbiz.de/10013028909

The Regulator's Trade-Off : Bank Supervision vs. Minimum Capital

Buck, Florian - 2013

We develop a simple model of banking regulation with two policy instruments: minimum capital requirements and supervision of domestic banks. The regulator faces a trade-off: high capital requirements cause a drop in the banks' profitability, while strict supervision reduces the scope of...

Persistent link: https://www.econbiz.de/10013090254

How Has the Global Financial Crisis Affected Syndicated Loan Terms in Emerging Markets? Evidence from China

Caporale, Guglielmo Maria - 2015

This paper examines the impact of the recent global financial crisis on the cost of debt capital (syndicated loans) in a leading emerging market, namely China, using difference-in-differences and GARCH approaches. Before the crisis China adopted banking reforms allowing entry of foreign banks...

Persistent link: https://www.econbiz.de/10013021756

Global and Regional Financial Integration in Emerging Asia : Evidence from Stock Markets

Caporale, Guglielmo Maria - 2017

emerging Asia there is more regional than global integration, and that the former has become even stronger in the post-2008 …

Persistent link: https://www.econbiz.de/10012954357

The Impact of the Global Financial Crisis on Business Cycles in Asian Emerging Economies

Fidrmuc, Jarko - 2013

We analyze the transmission of global financial crisis to business cycles in China and India. The pattern of business cycles in emerging Asian economies generally displays a low degree of synchronization with the OECD countries, which is consistent with the decoupling hypothesis. By contrast,...

Persistent link: https://www.econbiz.de/10013095773

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