Showing 1 - 10 of 1,878
This paper assesses the role of bank and nonbank financial institutions' balance sheet foreign exposures and risk … conditions may take place through derivatives transactions with banks, the hedging practices of which trigger bank related …
Persistent link: https://www.econbiz.de/10012019857
Whether and to what extent tougher bank regulation weighs on economic growth is an open empirical question. Using data … from 28 manufacturing industries in 50 countries, we explore the extent to which cross-country differences in bank … enterprises. This relationship, however, exists only for bank-based systems and emerging market economies. In the pre …
Persistent link: https://www.econbiz.de/10012252032
Recent financial crises including the ongoing one caused by the COVID-19 pandemic have consistently drawn attention to the need to strengthen the quality of public debt management in emerging markets and developing countries. Deeper and more efficient domestic government debt markets-being, a...
Persistent link: https://www.econbiz.de/10012392641
Globally, financial institutions have increased their holdings of domestic sovereign debt, tightening the linkage between the health of the financial system and the level of sovereign debt, or the "financial sector-sovereign nexus," during the ongoing COVID-19 pandemic. In South Africa, the...
Persistent link: https://www.econbiz.de/10013170007
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
orientation, pressures on funding models and entity structures could affect the efficiency of capital flows through the bank …
Persistent link: https://www.econbiz.de/10012155182
Persistent link: https://www.econbiz.de/10012487207
a world economy that was characterized by widespread restrictions on international capital mobility. In contrast, the …
Persistent link: https://www.econbiz.de/10014400701
We study how credit market deregulation and increased international financial openness have changed corporate borrowing. The evidence comes from a large panel of publicly traded firms in 38 countries over the period 1994-2002. Reforms are measured with a comprehensive new index that tracks six...
Persistent link: https://www.econbiz.de/10014401074
This paper discusses the extent to which national capital markets have become linked, and identifies several of the more important consequences of that increased degree of integration. Alternative approaches to the measurement of capital market integration are reviewed, including deviations from...
Persistent link: https://www.econbiz.de/10014396139