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 …

We consider the optimality of various institutional arrangements for agencies that conduct macro-prudential regulation …

literature however suggests an opposite effect related to regulation, with tighter regulations encouraging foreign lending …-sheet adjustments, as well as the tightening of banking regulations are potential drivers of this prolonged slowdown. The existing … through regulatory arbitrage. We investigate this question using new survey data on regulations specific to banks …

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 industries with a naturally high entry rate. Rigid entry regulations are …

among financial institutions. Namely, the charges are based on the institution's incremental contribution to systemic risk … with too-connected-to-fail institutions and providing managerial incentives to strengthen an institution's solvency …

This paper describes how behavioral elements are relevant to financial supervision,regulation, and central banking. It … focuses on (1) behavioral effects of norms (social, legal,and market); (2) behavior of others (internalization, identification …

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 …

Major output collapses are costly and frequent in the developing world. Using cross-country data, we classify five …-year periods using a two-dimensional state space based on growth regimes and political institutions. We then model the joint … evolution of output growth and political institutions as a finite state Markov chain, and study how countries move between …