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Asia’s stock markets : are there crouching tigers and hidden dragons?
Lipinsky, Fabian; Ong, Li Lian - 2014
Persistent link: https://www.econbiz.de/10010359852
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Short-Run Pain, Long-Run Gain : The Effects of Financial Liberalization
Schmukler, Sergio L. - 2003
We examine the short- and long-run effects of financial liberalization on capital markets. To do so, we construct a new comprehensive chronology of financial liberalization in 28 mature and emerging market economies since 1973. We also construct an algorithm to identify booms and busts in stock...
Persistent link: https://www.econbiz.de/10014404015
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Asia’s Stock Markets : Are There Crouching Tigers and Hidden Dragons?
Lipinsky, Fabian - 2014
stock pricing, which suggests that improvements in the regulation of securities markets in Asia could enhance the role of …
Persistent link: https://www.econbiz.de/10014411156
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Bank lobbying : regulatory capture and beyond
Igan, Deniz; Lambert, Thomas - 2019
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
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Leakages from macroprudential regulations : the case of household-specific tools and corporate credit
Bhargava, Apoorv; Górnicka, Lucyna; Xie, Peichu - 2021
Sector-specific macroprudential regulations increase the riskiness of credit to other sectors. Using firm-level data, this paper computed the measures of the riskiness of corporate credit allocation for 29 advanced and emerging economies. Consistently across these measures, the paper finds that...
Persistent link: https://www.econbiz.de/10012605059
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Politically robust financial regulation
Agur, Itai - 2021
Persistent link: https://www.econbiz.de/10012487179
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Taming financial development to reduce crises
Ben Naceur, Samy; Candelon, Bertrand; Lajaunie, Quentin - 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/10012021789
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Macroprudential Regulation Under Repo Funding
Valderrama, Laura - 2010
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
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The Redistributive Effects of Financial Deregulation
Korinek, Anton - 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 … sector, which is aided by deregulation, against efficiency in the real economy, which is aided by tighter regulation and a …
Persistent link: https://www.econbiz.de/10014394411
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Making OTC derivatives safe : a fresh look
Kumar, Manmohan S. - 2011
Persistent link: https://www.econbiz.de/10009486226