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Financial Regulation and the Current Account
Lanau, Sergi - 2012
This paper examines the relationship between financial regulation and the current account in an intertemporal model of … the current account where financial regulation affects the current account through liquidity constraints. Greater … tested with an interacted panel VAR model where the coefficients are allowed to vary with the degree of financial regulation …
Persistent link: https://www.econbiz.de/10013107071
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Central Bank Independence and Macro-Prudential Regulation
Ueda, Kenichi - 2012
We consider the optimality of various institutional arrangements for agencies that conduct macro-prudential regulation …
Persistent link: https://www.econbiz.de/10013107404
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Post-Crisis International Banking : An Analysis with New Regulatory Survey Data
Ichiue, Hibiki - 2016
literature however suggests an opposite effect related to regulation, with tighter regulations encouraging foreign lending …
Persistent link: https://www.econbiz.de/10012977751
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How Do Regulations of Entry and Credit Access Relate to Industry Competition? International Evidence
Igan, Deniz - 2018
We examine the extent to which regulations of entry and credit access are related to competition using data on 28 manufacturing sectors across 64 countries. A robust finding is that bureaucratic and costly entry regulations tend to hamper competition, as proxied by the price-cost margin, in the...
Persistent link: https://www.econbiz.de/10012918554
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Regulatory Capital Charges for Too-Connected-To-Fail Institutions : A Practical Proposal
Chan-Lau, Jorge A. - 2010
The recent financial crisis has highlighted once more that interconnectedness in the financial system is a major source of systemic risk. I suggest a practical way to levy regulatory capital charges based on the degree of interconnectedness among financial institutions. Namely, the charges are...
Persistent link: https://www.econbiz.de/10013147113
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Politically Robust Financial Regulation
Agur, Itai - 2021
The deferred recognition of COVID-induced losses at banks in many countries hasreignited the debate on regulatory forbearance. This paper presents a model where thepublic's own political pressure drives regulatory policy astray, because the public is poorlyinformed. Using probabilistic game...
Persistent link: https://www.econbiz.de/10013243078
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A Behavioral Approach to Financial Supervision, Regulation, and Central Banking
Khan, Ashraf - 2018
This paper describes how behavioral elements are relevant to financial supervision,regulation, and central banking. It …
Persistent link: https://www.econbiz.de/10012912488
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Does Financial Tranquility Call for Stringent Regulation?
Basak, Deepal - 2018
financial tranquility always call for more stringent regulation over time? We examine this question using a simple portfolio … optimal regulation/macroprudential policy. Our paper implies that policymakers should not only consider the cyclical …
Persistent link: https://www.econbiz.de/10012913903
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Instant Payments : Regulatory Innovation and Payment Substitution Across Countries
Khiaonarong, Tanai; Humphrey, David - 2022
Instant, or fast, payments are credit transfers completed and settled within seconds or minutes. They have low costs, reduce payment risk, and have significantly replaced the use of cash, cards, or check and direct debit payments. We note the role played by regulators in promoting instant...
Persistent link: https://www.econbiz.de/10014237875
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Innovation, Deregulation, and the Life Cycle of a Financial Service Industry
Hayashi, Fumiko - 2015
This paper examines innovation, deregulation, and firm dynamics over the life cycle of the U.S. ATM and debit card … debit card function) interacted with banking deregulation drove the industry shakeout. Calibrating the model to a novel … deregulation played in the industry evolution …
Persistent link: https://www.econbiz.de/10013015590