Narrow search
Showing 1 - 10 of 323
Cover Image
The Challenge of Enforcement in Securities Markets
Carvajal, Ana - 2009
Weaknesses in the enforcement of regulation have been targeted by the G-20 as a priority concern for reform. But enforcement efforts in securities markets have proven difficult and uneven. The recent scandal in the United States, wherein a Ponzi scheme orchestrated by Bernard Madoff went...
Persistent link: https://www.econbiz.de/10012677824
Cover Image
Financial Sector Debt Bias
Luca, Oana - 2016
Most tax systems create a tax bias toward debt finance. Such debt bias increases leverage and may negatively affect … financial stability. This paper models and estimates debt bias in the financial sector, and present novel estimates for … investment banks and non-bank financial intermediaries such as finance and insurance companies. We find debt bias to be pervasive …
Persistent link: https://www.econbiz.de/10014408098
Cover Image
Integration of the Securities Market Infrastructure in the European Union : Policy and Regulatory Issues
Kazarian, Elias G - 2006
Intro -- Contents -- I. INTRODUCTION -- II. MAIN COMPONENTS OF SECURITIES MARKET INFRASTRUCTURE -- III. MAIN ECONOMIC FEATURES -- IV. INTEGRATION OF THE SECURITIES MARKET INFRASTRUCTURE IN EUROPE -- V. IMPACT OF INFRASTRUCTURE CONSOLIDATION -- VI. REGULATORY AND SUPERVISORY RESPONSE -- VII. AN...
Persistent link: https://www.econbiz.de/10012691051
Cover Image
Asset Market Participation, Monetary Policy Rules, and the Great Inflation.
Straub, Roland - 2006
Intro -- Contents -- I. Introduction -- II. Limited Asset Market Participation and Monetary Policy: Some Theory -- III. Empirical Evidence -- IV. Change in Structure of Economy or in Distribution of Shocks? -- V. Conclusions -- General Model.
Persistent link: https://www.econbiz.de/10012691136
Cover Image
The Valuation Channel of External Adjustment
Lee, Jaewoo - 2009
International financial integration has greatly increased the scope for changes in a country's net foreign asset position through the valuation channel, namely capital gains and losses on external assets and liabilities. We examine this valuation channel in a dynamic equilibrium portfolio model...
Persistent link: https://www.econbiz.de/10012677513
Cover Image
Banking and Trading.
Boot, Arnoud W.A - 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/10012690170
Cover Image
Regional Integration of Stock Exchanges in Eastern and Southern Africa; Progress and Prospects
Irving, Jacqueline - International Monetary Fund (IMF) - 2005
This paper assesses whether regional cooperation and integration of stock exchanges in eastern and southern Africa could offer a way of overcoming impediments to the exchanges' development. The paper concludes that regional cooperation and, at a later stage, integration, if carried out at the...
Persistent link: https://www.econbiz.de/10005263689
Cover Image
A Taxonomy of Automated Trade Execution Systems
Domowitz, Ian - International Monetary Fund (IMF) - 1992
A taxonomy of existing and planned automated trade execution systems in financial markets is provided. Over 50 automated market structures in 16 countries are analyzed. The classification scheme is organized around the principle that such markets consist of an algorithm that performs a trade...
Persistent link: https://www.econbiz.de/10005826264
Cover Image
Managing Risks in Financial Market Development; The Role of Sequencing
International Monetary Fund (IMF); International … - 2003
This paper proposes an integrated and risk-based approach to the sequencing and coordination of reforms to develop domestic financial markets. The paper argues that there is a hierarchy of financial markets that reflects the complexity of risks in each market and the interlinkages among markets....
Persistent link: https://www.econbiz.de/10005768863
Cover Image
Capital Market Development in a Small Country; The Case of Slovenia
Andritzky, Jochen R. - International Monetary Fund (IMF) - 2007
Small emerging economies, despite their significant growth, lack the scale to develop thriving capital markets from their local investor and issuer base that are able to deliver the benefits of a large, mature market. Slovenia is such an example. Despite the necessary infrastructure in place,...
Persistent link: https://www.econbiz.de/10005605308