Narrow search
Showing 1 - 10 of 487
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
Fintech and Payments Regulation : Analytical Framework
Khiaonarong, Tanai - 2020
, and effective regulation. Recent developments suggest that regulatory approaches and their legal foundations need to … augment entity-based regulation with increasing focus on activities and risks as market structure changes. This paper draws on …
Persistent link: https://www.econbiz.de/10012830835
Cover Image
Systemic Risk Assessment in Low Income Countries : Balancing Financial Stability and Development
Marchettini, Daniela - 2015
We propose a toolkit for the assessment of systemic risk buildup in low income countries. We show that, due to non-linearity in the relationship between credit and financial stability, the assessment should be conducted with different tools at different stages of financial development. In...
Persistent link: https://www.econbiz.de/10013015592
Cover Image
Taming Financial Development to Reduce Crises
Ben Naceur, Sami - 2019
This paper assesses whether and how financial development triggers the occurrence of banking crises. It builds on a database that includes financial development as well as financial access, depth and efficiency for almost 100 countries. Through estimation of a dynamic logit panel model, it...
Persistent link: https://www.econbiz.de/10012868462
Cover Image
Changes in Prudential Policy Instruments - A New Cross-Country Database
Cerutti, Eugenio - 2016
This paper documents the features of a new database that focuses on changes in the intensity in the usage of several widely used prudential tools, taking into account both macro-prudential and micro-prudential objectives.The database coverage is broad, spanning 64 countries, and with quarterly...
Persistent link: https://www.econbiz.de/10012977860
Cover Image
Financial Openness and Capital Inflows to Emerging Markets : In Search of Robust Evidence
Cerdeiro, Diego - 2019
We reassess the connection between capital account openness and capital flows in an empirical framework that is grounded in theory and makes use of previously unexplored variation in the data. We demonstrate how our theory-consistent regressions may overcome some ubiquitous measurement problems...
Persistent link: https://www.econbiz.de/10012858394
Cover Image
The Liquidation of Government Debt
Sbrancia, M. Belen - 2015
High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or below market real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for...
Persistent link: https://www.econbiz.de/10013027664