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Shehzad, Choudhry Tanveer - 2013

We examine the impact of various dimensions of financial reform on the likelihood of systemic and non-systemic banking crises. Using new financial reform measures for a large sample of developing and developed countries for the period 1973 to 2002, our multivariate probit modeling results...

Persistent link: https://www.econbiz.de/10013095277

Strategic Complementarity, Fragility, and Regulation

Vives, Xavier - 2013

The paper analyzes a very stylized model of crises and demonstrates how the degree of strategic complementarity in the actions of investors is a critical determinant of fragility. It is shown how the balance sheet composition of a financial intermediary, parameters of the information structure...

Persistent link: https://www.econbiz.de/10013092690

The Impact of Financial (De-)Regulation on Current Account Balances

Moral-Benito, Enrique - 2014

Both global imbalances and financial market (de-)regulation feature prominently among the potential causes of the … investigate the relationship between financial market regulation and current account balances, an area for which limited empirical …

Persistent link: https://www.econbiz.de/10013043215

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 … regulation. Therefore, countries are better off by harmonising regulation on an international standard …

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

Regulatory Arbitrage and the Efficiency of Banking Regulation

Boyer, Pierre - 2016

We study the efficiency of banking regulation under financial integration. Banks freely choose the jurisdiction where …

Persistent link: https://www.econbiz.de/10012991941

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

Investment in Relationship-Specific Assets : Does Finance Matter?

Strieborny, Martin - 2013

Existing literature sees opportunistic behaviour of contractual partners as the main reason why rational agents underinvest in relationship-specific assets. We look beyond this well-know holdup problem and argue that financial vulnerability and short-term planning horizon can also lead to such...

Persistent link: https://www.econbiz.de/10013093852

Home Bank Intermediation of Foreign Direct Investment

Poelhekke, Steven - 2011

This paper investigates the benefits of banks' direct investment in foreign subsidiaries and branches for non-financial multinationals. The paper builds on the literature on international banks which has primarily focused on the implications for host countries, rather than for its international...

Persistent link: https://www.econbiz.de/10013123798

Regulation, Institutions, and Productivity : New Macroeconomic Evidence from OECD Countries

Egert, Balazs - 2017

Empirical research on the drivers of multi-factor productivity (MFP) is abundant at the firm- and industry level but …

Persistent link: https://www.econbiz.de/10012958442

The Quantification of Structural Reforms : Extending the Framework to Emerging Market Economies

Égert, Balázs - 2018

. More competition-friendly regulations, as measured by the OECDs' Product Market Regulation (PMR) indicator improve economic … businesses boost the capital stock and the employment rate. No robust link between labour market regulation and MFP and capital … deepening could be established. But looser labour market regulation is found to go hand in hand with higher employment rates …

Persistent link: https://www.econbiz.de/10012920765

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