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The paper analyzes the influence of credit-, labor-, and product market deregulation policies on economic growth in … work finds that deregulation contributed to the per capita GDP levels of the early reformers relatively more than to the … acceleration effect for the late reformers, which points to large dynamic welfare gains from deregulation. The latter result …
Persistent link: https://www.econbiz.de/10008693569
In this study, using the World Bank’s Bank Regulation and Supervision Survey (BRSS) data, we draw insights about the bank regulatory/supervisory styles, illustrate the differences in regulation/supervision among crisis, non-crisis and BRICS countries, and highlight the ways in which bank...
Persistent link: https://www.econbiz.de/10011113271
The Government of Indonesia (GOI) has been proposing a draft act on financial service regulatory authority, called Otoritas Jasa Keuangan (OJK hereafter). In the aftermath of 1998 Asian crisis, the establishment of the institution was mandated through Bank Indonesia Act (Indonesia’s central...
Persistent link: https://www.econbiz.de/10009151555
Insider dealing has been unlawful in the UK since 1980 and market abuse, of which insider dealing is just one form, since 2000. It is from this time when the FSA was established and the creation of these as civil offences that they could be pursued rigorously. It is the purpose of this article...
Persistent link: https://www.econbiz.de/10008674244
In the early stock market in London there were substantial risks of non-payment and fraud. (Mortimer, 1801) According to Hobbesian theory, we would expect stock markets to develop only after government has implemented rules and regulations to eliminate these problems. The historical account,...
Persistent link: https://www.econbiz.de/10008680995
The current crisis causes numerous economic uncertainties, such as a break-up of the European currency union, and a Greek exit from the euro area to boost the competitiveness by means of devaluation of national currency. When a factor such as exchange rate is expected to have a significant...
Persistent link: https://www.econbiz.de/10011259234
The present paper analyzes two important aspects in the amplification process of the recent financial crisis to the real economy, that is the securitisation of financial assets (and in particular of loans and mortgages) and the growth of bank off-balance sheet activities, for instance through...
Persistent link: https://www.econbiz.de/10011260670
Indian Internet and broadband market has experienced very slow growth and limited penetration till now. The introduction of Broadband Wireless Access (BWA) is expected to aid in increasing the penetration of internet and broadband in India. The report sheds light on the guidelines and procedure...
Persistent link: https://www.econbiz.de/10009644772
The image is undisputed in the political debate that the function of the financial sector is to "play servant" to the real economy, but the consequences derived from this debate are controversial. Clearer is the academic concept to restrict the functions of the financial sector deliberately. But...
Persistent link: https://www.econbiz.de/10008599116
The Kosovo’s Financial Sector is one of the newest financial sectors in Eastern Europe whose developments began in early 2000. Kosovo's banking sector consists of 8 privately owned commercial banks, the insurance companies which make up 5% of total financial sector assets by 10 insurance...
Persistent link: https://www.econbiz.de/10008728057