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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
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How National and International Financial Development Affect Industrial R&D
Maskus, Keith E. - 2013
We examine the impacts of both domestic and international financial market development on R&D intensities in 22 manufacturing industries in 18 OECD countries for the period 1990-2003. We take account of such industry characteristics as the need for external financing and the amount of tangible...
Persistent link: https://www.econbiz.de/10013092838
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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
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The Incidence of Bank Regulations and Taxes on Wages : Evidence from US States
Goodspeed, Timothy - 2012
Banks and the financial sector have come under increased scrutiny since the 2008 financial crisis. Regulations concerning the banking sector have been re-written and there have been calls for increased taxation of banks (as companies) and the remuneration of bankers. In general, two sorts of...
Persistent link: https://www.econbiz.de/10013096576
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Financial Reform and Banking Crises
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 … of financial reform reduce the likelihood of systemic crises. We also show that after a country has reformed, the …
Persistent link: https://www.econbiz.de/10013095277
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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
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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
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Tax vs. Regulation Policy and the Location of Financial Sector FDI
Merz, Julia - 2015
affects other countries by estimating cross-country tax and regulation elasticities …
Persistent link: https://www.econbiz.de/10013014359
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Financial Integration, Globalization, and Real Activity
De Nicolo, Gianni - 2013
Using data for a large number of advanced and emerging market economies during 1982-2009, this paper examines the distinct impact of financial integration and globalization on several dimensions of real activity. We find that: financial integration has progressed significantly worldwide,...
Persistent link: https://www.econbiz.de/10013091562
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Sovereign Defaults : The Price of Haircuts
Cruces, Juan J. - 2013
A main puzzle in the sovereign debt literature is that defaults have only minor effects on subsequent borrowing costs and access to credit. This paper comes to a different conclusion. We construct the first complete database of investor losses ('haircuts') in all restructurings with foreign...
Persistent link: https://www.econbiz.de/10013092297