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In this paper, we discuss whether and how bank lobbying can lead to regulatory capture and have real consequences through an overview of the motivations behind bank lobbying and of recent empirical evidence on the subject. Overall, the findings are consistent with regulatory capture, which...
Persistent link: https://www.econbiz.de/10012103556
This paper describes how behavioral elements are relevant to financial supervision, regulation, and central banking. It …
Persistent link: https://www.econbiz.de/10011905870
The paper analyzes the quality of financial sector regulation and supervision around the globe. Unlike studies that … collect and analyze data on regulation and supervision ""on the books,"" this study also analyzes available information on … supervisory implementation, making use of data from IMF-World Bank assessments of compliance with international standards and …
Persistent link: https://www.econbiz.de/10014401329
Persistent link: https://www.econbiz.de/10012487179
The use of collateral has become one of the most widespread risk mitigation techniques. While it brings stabilizing effects to the individual lender we argue that it may exacerbate systemic risk through margin call activation. We show how a liquidity shock to the cash lender may propagate as a...
Persistent link: https://www.econbiz.de/10014397334
We consider the optimality of various institutional arrangements for agencies that conduct macro-prudential regulation …
Persistent link: https://www.econbiz.de/10014396622
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/10012021789
the regulation and supervision of capital markets …
Persistent link: https://www.econbiz.de/10014401669
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/10014396600
The paper discusses the limits to market-based risk transfer in the financial system and the implications for the management of systemic long-term financial risks. Financial instruments or markets to transfer and better manage these risks across institutions and sectors are, as yet, either...
Persistent link: https://www.econbiz.de/10014400372