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Governance Practices at Financial Regulatory and Supervisory Agencies
Novoa, Alicia - 2009
This paper summarizes the results of a survey of financial supervisory agencies in IMF member countries conducted in 2007. Responses were received from 140 financial sector supervisors in 103 countries. A majority of these are separate stand-alone agencies, though, a majority of bank supervisors...
Persistent link: https://www.econbiz.de/10012677805
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Limits of Market-Based Risk Transfer and Implications for Managing Systemic Risks.
Kim, Yoon Sook - 2006
Intro -- Contents -- Executive Summary -- I. INTRODUCTION -- II. LONG- TERM SYSTEMIC RISKS -- III. INNOVATIONS IN RISK TRANSFER MARKETS -- IV. INCOMPLETE MARKETS -- V. POLICY CONSIDERATIONS -- VI. CONCLUSIONS -- References.
Persistent link: https://www.econbiz.de/10012691045
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Altruism and Workers' Remittances : Evidence from Selected Countries in the Middle East and Central Asia
Bouhga-Hagbe, Jacques - 2006
. EMPIRICAL INVESTIGATION -- IV. CONCLUSION -- REFERENCES -- APPENDIX -- A. Egypt -- B. Jordan -- C. Morocco -- D. Pakistan -- E …
Persistent link: https://www.econbiz.de/10012691145
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Monetization in low- and middle-income countries
McLoughlin, Cameron; Kinoshita, Noriaki - 2012
The degree of an economy's monetization, which has an important implication on economic growth, can be affected by the conduct of monetary policy, financial sector reform, and episodes of financial crises. The paper finds that monetization--measured by the ratio of broad money to nominal GDP--...
Persistent link: https://www.econbiz.de/10009618525
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Macro-prudential policy in a Fisherian model of financial innovation
Bianchi, Javier; Boz, Emine; Mendoza, Enrique G. - 2012
The interaction between credit frictions, financial innovation, and a switch from optimistic to pessimistic beliefs played a central role in the 2008 financial crisis. This paper develops a quantitative general equilibrium framework in which this interaction drives the financial amplification...
Persistent link: https://www.econbiz.de/10009620984
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The redistributive effects of financial deregulation
Korinek, Anton; Kreamer, Jonathan - 2013
Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the … distributive implications of financial regulation center stage. We develop a model in which the financial sector benefits from risk …
Persistent link: https://www.econbiz.de/10010233893
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Financial regulation and the current account
Lanau, Sergi; Wieladek, Tomasz - 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/10009615333
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Financial Deepening in the CFA Franc Zone
Ghura, Dhaneshwar - 2009
During the 1980s and early 1990s many Sub-Saharan African (SSA) countries undertook reforms to promote financial sector deepening. Nevertheless, financial sectors in SSA countries remain among the shallowest in the world and, within Sub-Saharan Africa, financial depth in the CFA franc zone is...
Persistent link: https://www.econbiz.de/10012677781
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Broad Money Demand and Asset Substitution in China
Wu, Ge - 2009
Recent changes to China's financial system, in particular ongoing interest rate liberalization, gradual movement toward a more flexible exchange rate regime, and rapid development of capital markets, have changed substantially the environment in which monetary policy operates. In light of these...
Persistent link: https://www.econbiz.de/10012677797
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Interest Rate Liberalization in China
Fund, International Monetary - 2009
What might interest rate liberalization do to intermediation and the cost of capital in China? China's most binding interest rate control is a ceiling on the deposit rate, although lending rates are also regulated. Through case studies and model-based simulations, we find that liberalization...
Persistent link: https://www.econbiz.de/10012677833