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The intention of regulation is to protect the vulnerable. However, unintended results of regulation can cause the opposite occur. In its present form, the proposed Volcker Rule prohibits proprietary trading and has the potential of continuing the liquidity crisis that aided in the degradation of...
Persistent link: https://www.econbiz.de/10009401323
correct the current illogical situation (some deposit institutions have not been under control of the central bank), this will …
Persistent link: https://www.econbiz.de/10005835971
This paper will describe and analyse the development of Basel II Capital Accord and will focus on the use of external ratings in the Standardized Approach in Basel II. Furthermore it will examine the problem of adverse selection which appears in Basel II as a result from the proposal for the use...
Persistent link: https://www.econbiz.de/10005836225
The author starts from the assumption that Croatia will access the European Union. Following assumption, he analyzes the possible scenarios of Croatian strategy based on the achievements the country’ s monetary policy, on the degree of acceptance of the convergence criteria and on...
Persistent link: https://www.econbiz.de/10005621538
who value private benefits more choose banks while the rest choose venture capital. Thus, bank-financed entrepreneurs …
Persistent link: https://www.econbiz.de/10008674267
Do jurisdictions with concentrated ownership structures require less reliance on audits as corporate governance mechanisms and devices? Why do concentrated ownership structures still prevail in certain jurisdictions which are considered to be “market based corporate governance systems”? More...
Persistent link: https://www.econbiz.de/10011267870
After more than two decades of inflation targeting in the world, it is important to evaluate if the adoption of this …
Persistent link: https://www.econbiz.de/10011271311
, changes in the laws that govern the activities of the Central Bank, supposed main guarantor of the proper conduct of monetary … policy. These changes are aimed , essentially the establishment of an independent Central Bank power policy. This need stems … Neyapti (1992) and Jacome (2001) the objective is to assess the degree of independence of the Central Bank of Tunisia . …
Persistent link: https://www.econbiz.de/10011274381
Economic growth data does not show how such growth was achieved. Was it based on income growth and consumption spending levels or was it based on borrowings to extend the income levels? The question is vital for deciding which economic tools work best for correcting imbalances. The main...
Persistent link: https://www.econbiz.de/10011251886
variable (money supply, inflation or exchange rate constraints).Central Bank of the Republic of Turkey (CBRT) announced its …
Persistent link: https://www.econbiz.de/10011258715