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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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Market regulation, cycles and growth in a monetary union
Abbritti, Mirko; Weber, Sebastian - 2019
We build a two-country currency union DSGE model with endogenous growth to assess the role of cross-country differences in product and labor market regulations for long-term growth and for the adjustment to shocks. We show that with endogenous growth, there is no reason to expect real income...
Persistent link: https://www.econbiz.de/10012022074
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The Persistence of Corruption and Regulatory Compliance Failures : Theory and Evidence
Fredriksson, Per G. - 2003
This paper examines the reasons why corruption and policy distortions tend to exhibit a high degree of persistence in certain regimes. We identify circumstances under which a firm seeks to evade regulations by (1) bribing of local inspectors, and (2) lobbying high-level government politicians to...
Persistent link: https://www.econbiz.de/10014400451
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Regulatory Capture in Banking
International Monetary Fund - 2006
. It is shown that such ""regulatory capture"" in banking does not imply ineffectual regulation; a ""captured"" regulator …
Persistent link: https://www.econbiz.de/10014400538
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Competition Among Regulators
Marquez, Robert - 2001
their banks’ profitability set their regulatory policy non-cooperatively. Externalities in bank regulation make the … independent solution collectively inefficient. These externalities and the benefits of centralized regulation increase with …
Persistent link: https://www.econbiz.de/10014400565
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Isone Watchdog Better Than Three? : International Experience with Integrated Financial Sector Supervision
Cihák, Martin - 2006
Over the past two decades, there has been a clear trend toward integrating the regulation and supervision of banks …
Persistent link: https://www.econbiz.de/10014400077
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Financial Regulation and the Current Account
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 … liquidity constraints decrease the size and persistence of the current account response to a net output shock. The theory is …
Persistent link: https://www.econbiz.de/10014396600
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Central Bank Independence and Macro-Prudential Regulation
Valencia, Fabian - 2012
We consider the optimality of various institutional arrangements for agencies that conduct macro-prudential regulation …
Persistent link: https://www.econbiz.de/10014396622
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Systemic Risk and Optimal Regulatory Architecture
Espinosa-Vega, Marco - 2011
Until the recent financial crisis, the safety and soundness of financial institutions was assessed from the perspective of the individual institution. The financial crisis highlighted the need to take systemic externalities seriously when rethinking prudential oversight and the regulatory...
Persistent link: https://www.econbiz.de/10014398488
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The macroeconomic effects of labor and product market reforms in Morocco
Sarr, Babacar; Benlamine, Mokhtar; Munkacsi, Zsuzsa - 2019
This paper studies the macroeconomic effects and sequencing of (LMRs) and product (PMRs) market reforms in Morocco. It finds that introducing LMRs and PMRs simultaneously would add about 2.5 percentage points (pp) of GDP growth and reduce unemployment by about 2.2 pp after five years. If...
Persistent link: https://www.econbiz.de/10012122485