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Banking and Trading
Ratnovski, Lev - 2012
We study the effects of a bank's engagement in trading. Traditional banking is relationship-based: not scalable, long-term oriented, with high implicit capital, and low risk (thanks to the law of large numbers). Trading is transactions-based: scalable, shortterm, capital constrained, and with...
Persistent link: https://www.econbiz.de/10013098572
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Shadow Banking and Market Discipline on Traditional Banks
Ari, Anil - 2018
a tax onshadow bank profits …
Persistent link: https://www.econbiz.de/10012929925
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India's Approach to Open Banking : Some Implications for Financial Inclusion
Carriere-Swallow, Yan; Haksar, Vikram; Patnam, Manasa - 2021
We examine how the development of the digital infrastructure known as the “India Stack”—including an interoperable payments system, a universal digital ID, and other features—is delivering on the government’s objective to expand the provision of financial services. While each...
Persistent link: https://www.econbiz.de/10013226443
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Building Blocks for Effective Macroprudential Policies in Latin America : Institutional Considerations
Jácome, Luis Ignacio - 2012
An increasing number of countries - including in Latin America - are reforming their financial stability frameworks in the aftermath of the financial crisis, in order to establish a stronger macroprudential policy function. This paper analyzes existing arrangements for financial stability in...
Persistent link: https://www.econbiz.de/10013098622
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Credit Growth and the Effectiveness of Reserve Requirements and Other Macroprudential Instruments in Latin America
Tovar Mora, Camilo Ernesto - 2012
Over the past decade policy makers in Latin America have adopted a number of macroprudential instruments to manage the procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have been actively employed. Despite their...
Persistent link: https://www.econbiz.de/10013102264
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Fintech in Latin America and the Caribbean : Stocktaking
Berkmen, Pelin - 2019
In Latin America and the Caribbean (LAC), financial technology has been growing rapidly and is on the agenda of many policy makers. Fintech provides opportunities to deepen financial development, competition, innovation, and inclusion in the region but also creates new and only partially...
Persistent link: https://www.econbiz.de/10012871769
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Fintech and Financial Inclusion in Latin America and the Caribbean
Rousset, Marina; Torres, Jose L.; Lambert, Frederic; … - 2022
Despite some improvement since 2011, Latin America and the Caribbean continue to lag behind other regions in terms of financial inclusion. There is no clear evidence that fintech developments have supported greater financial inclusion in LAC, contrary to what has been observed elsewhere in the...
Persistent link: https://www.econbiz.de/10013305620
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Tax Policy : Recent Trends and Coming Challenges
Norregaard, John - 2008
This paper provides an overview of the key economic factors that shape tax policy reform in many high-income countries … respect to tax rates and revenue ratios over the last some 20 years, and discusses selected structural reform initiatives that … with the restructuring of corporate tax, the impact of corporate taxes on FDI, key reform initiatives including dual income …
Persistent link: https://www.econbiz.de/10012724695
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The Unequal Benefits of Fuel Subsidies Revisited : Evidence for Developing Countries
Coady, David P. - 2016
Understanding who benefits from fuel price subsidies and the welfare impact of increasing fuel prices is key to designing, and gaining public support for, subsidy reform. This paper updates evidence for developing countries on the magnitude of the welfare impact of subsidy reform and its...
Persistent link: https://www.econbiz.de/10012999743
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Are Elasticities of Taxable Income Rising?
Klemm, Alexander - 2018
This paper assesses a possible explanation for the global downward trend in top personal income tax rates over the last … decades: globalization and the related tax evasion and avoidance opportunities could have raised elasticities of taxable … income, which would imply lower optimal tax rates. The paper estimates elasticities of taxable income for top income earners …
Persistent link: https://www.econbiz.de/10012913893