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banks and bank supervision agencies worldwide. Women occupied less than 2 percent of bank CEOs positions, and less than 20 …, many low- and middle-income countries have a higher share of women in bank boards and banking supervision agency boards … compared to advanced economies. Econometric analysis suggests that, controlling for relevant bank and country-specific factors …
Persistent link: https://www.econbiz.de/10012945681
In 2004, the mutual fund industry of Costa Rica experienced a massive run by investors that reduced the industry to half its size in a month. This paper explores how weaknesses in the regulatory framework played a role in the crisis and draws lessons for developing countries. The analysis of...
Persistent link: https://www.econbiz.de/10012777945
constrained by the reality of capacity limitations and should take into account the need to keep the central bank involved in the …
Persistent link: https://www.econbiz.de/10012777767
Successful implementation of macroprudential policy is contingent on the ability to identify and estimate systemic risk in real time. In this paper,systemic risk is defined as the conditional probability of a systemic banking crisis and this conditional probability is modeled in a fixed effect...
Persistent link: https://www.econbiz.de/10013102200
and human development indices, weak rule of law, and physical access to bank branches or ATMs. This suggests that targeted …
Persistent link: https://www.econbiz.de/10014350159
European housing markets are at a turning point as the cost-of-living crisis has eroded real incomes and the surge in interest rates has made borrowers more vulnerable to financial distress. This paper aims to (i) shed light on the risks in European housing markets, (ii) quantify household...
Persistent link: https://www.econbiz.de/10014355769
Housing market developments are in the spotlight in Europe. Over-stretched valuations amid tightening financial conditions and a cost-of-living crisis have increased risks of a sustained downturn and exposed challenging trade-offs for macroprudential policy between ensuring financial system...
Persistent link: https://www.econbiz.de/10014355770
rules, supervision, and market discipline - of the bank regulatory framework envisioned by the New Basel Accord (Basel II …
Persistent link: https://www.econbiz.de/10012737554
How to prevent runs on open-end mutual funds? In recent years, markets have observed an innovation that changed the way open-end funds are priced. Alternative pricing rules (known as swing pricing) adjust funds' net asset values to pass on funds' trading costs to transacting shareholders. Using...
Persistent link: https://www.econbiz.de/10012858393
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