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The funds concentration effect and discriminatory bailout
Erlenmaier, Ulrich; Gersbach, Hans - 2001
In the presence of macroeconomic shocks severe enough to threaten the liquidity or solvency of the banking system, the regulator can rely on the funds concentration effect to save long-term investment projects. Some banks are forced into bankruptcy with the result that other banks obtain more...
Persistent link: https://www.econbiz.de/10011400865
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Financial intermediation and the creation of macroeconomic risks
Gersbach, Hans - 2002
We examine financial intermediation when banks can offer deposit or loan contracts contingent on macroeconomic shocks. We show that the risk allocation is efficient if there is no workout of banking crises. In this case, banks will shift part of the risk to depositors. In contrast, under a...
Persistent link: https://www.econbiz.de/10011409445
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The dynamics of deposit insurance and the consumption trap
Gersbach, Hans; Wenzelburger, Jan - 2001
We investigate a banking system subject to repeated macroeconomic shocks and show that without deposit rate control, the banking system collapses with certainty. Any initial level of reserves will delay the collapse but not avoid it. Even without a banking collapse, the economy still converges...
Persistent link: https://www.econbiz.de/10011399268
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Deposit insurance, regulatory forbearance and economic growth : implications for the Japanese banking crisis
Dekle, Robert; Kletzer, Kenneth - 2004
An endogenous growth model with financial intermediation is used to show how public deposit insurance and weak prudential regulation can lead to banking crises and permanent declines in economic growth. The impact of regulatory forbearance on investment, saving and asset price dynamics under...
Persistent link: https://www.econbiz.de/10011402648
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Sham litigation, delayed tax payment and evasion : the role of informal credit market
Marjit, Sugata; Mishra, Suryaprakash; Mitra, Sandip - 2019
We model the interaction between the informal credit market and the act of tax collection by the government; in presence and functioning of the informal credit market, the agents (the tax paying firms) engage in false or sham litigation and deferred tax payments. During the litigation period...
Persistent link: https://www.econbiz.de/10012157278
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Loan regulation and child labor in rural India
Dāśagupta, Bāsaba; Zimmermann, Christian - 2012
We study the impact of loan regulation in rural India on child labor with an overlapping-generations model of formal and informal lending, human capital accumulation, adverse selection, and differentiated risk types. Specifically, we build a model economy that replicates the current outcome with...
Persistent link: https://www.econbiz.de/10009682437
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Optimum size of the informal credit market : a political economy perspective
Marjit, Sugata; Mishra, Suryaprakash - 2021
contributes substantially in terms of income and employment in the entire developing world. In this paper, tax evaded income is …
Persistent link: https://www.econbiz.de/10012603172
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Cross-border banking in regulated markets : is financial integration desirable?
Haufler, Andreas; Wooton, Ian - 2016
untraded consumer goods in an uncertain productive environment, borrowing funds from a bank in either the home or the foreign … of bank failure is partly borne by taxpayers in the bank's home countries. Moreover, each bank chooses the share of its … lending allocated between domestic and foreign firms, but the bank's overall loan volume is fixed by a capital requirement set …
Persistent link: https://www.econbiz.de/10011554376
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The political economy of the G20 Agenda on financial regulation
Schuknecht, Ludger; Siegerink, Vincent - 2020
only applies to large players. Sectoral concentration, bank health and the share of foreign ownership yield more mixed …
Persistent link: https://www.econbiz.de/10012263373
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How should financial intermediation services be taxed?
Lockwood, Ben - 2010
This paper considers the optimal taxation of savings intermediation and payment services in a dynamic general equilibrium setting, when the government can also use consumption and income taxes. When payment services are used in strict proportion to final consumption, and the cost of...
Persistent link: https://www.econbiz.de/10008699764